Have you wondered why, despite the altcoin market largely staying in the red against Bitcoin (partially due to the steadily increasing price of BTC, which retains its dominance), Monero’s value spiked towards the end of the week?
Monero developers announced an upcoming hard fork, introducing MoneroV which, unlike Monero that has an infinite supply, will be strictly limited in numbers. All Monero users (who have a wallet of their own) will get 10 XMV per 1 XMR owned around mid-March. In combination with an announcement of a new wallet, the news resulted in Monero hitting market capitalisation of $5,3 billion.
Q: I have 0.01 XMR in my wallet… Will I still receive the XMV?
A: Yes. Monero holders will receive the proportionate amount of their XMR in XMV. So, for 0.01 XMR you will get 0.10 XMV.
Monero at Coinmarketcap: