Bithumb and the events created to celebrate the accession of Monero (XMR) to the South Korean exchange house, are the culprits that in one week the value of XMR has practically tripled.

These days there is a phenomenon that we could call curious and it is the strong rise of Monero (XMR) everywhere. XMR has always been stable at $ 40-50 in valuation, but after the rumor came out and after confirmation of the arrival of Monero to Bithumb, the largest exchange on the market, located in South Korea, it has skyrocketed from value. Yesterday XMR oscillated between $ 80-100, but today we can find it between $ 130-140 and we do not rule out that this cryptocurrency will reach $ 200 during the weekend.

Just yesterday we commented that Monero, in CoinMarketCap, was in the eleventh position, but today we find it in the ninth position, the market capitalization having risen more than 600 million dollars, obviously, due to the strong movements that this cryptocurrency is undergoing. The origin is in Bithumb of the strong movements of Monero and that are causing this coin to grow so much in value, but why? Well the answer is simple. Bithumb this week (the event started yesterday), will give all XMR users, but under certain conditions.

Bithumb has created two events. The first event started yesterday, August 25, which is when the options to introduce XMR in this exchange house were opened and will last until Monday, August 28 at 12:00 PM (Seoul time), because on Wednesday 30 From August to midnight, you will be able to operate in this exchange house with Monero. During this period, any customer who adds Monero will be given 1% on their deposit, which is causing a significant flow of capital to the exchange.

The second event consists of the transactions. The exchange house will give away more than 500 XMR to the top 50 traders of the moment. The condition is that from Saturday, September 2 to Sunday, September 3 (both at midnight in South Korea), those who generate the highest volume of trades can take XMR for free. The one that generates the most movement will take 100 XMR, between the second and the fifth, 60 XMR, each (not specified, but it would be logical), between the sixth and the tenth, 20 XMR each, between the eleventh and the twentieth, 5 XMR each and between the twenty-first and the fiftieth, 1 XMR each. It should be noted that the announcement of the winners will be given on September 22.

Are these two events in Bithumb those who are shooting the price of Monero every hour and what makes us think that XMR can shoot up to $ 200 or even more, since there are many who before these succulent prizes, are changing their coins to XMR in order to try win some of the great prizes offered by the exchange house and incidentally the 1% offered for putting the Monero in Bithumb.