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Here's What's Behind Monero's Impressive 25% Recovery Rally Today

TheMotleyFool

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Here's What's Behind Monero's Impressive 25% Recovery Rally Today: https://g.foolcdn.com/editorial/images/764462/privacy2.jpg

The cryptocurrency sector is seeing a nice bounce today, with many major tokens appreciating in a rather orderly fashion. However, Monero (CRYPTO: XMR) is one top 50 token by market capitalization is absolutely rocketing higher today.

As of 3:30 p.m. ET, Monero has surged 25.1% over the past 24 hours. This move appears to reflect a partial comeback trade from yesterday's delisting crash. Top crypto exchange Binance announced that Monero and three other tokens would be delisted on Feb. 20, leading to sharp plunges in these tokens. Monero crashed more than 32% intraday yesterday on the news.

Let's dive into what's driving today's recovery in Monero.

Source Fool.com

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