Monero (XMR) experienced a rally of over 9% on February 6th after the successful performance of its Rust-based Cuprate node. The rally pushed the privacy-focused coin to an intraday high of $238.55 and increased its market cap to over $4.4 billion. The Cuprate node demonstrated faster syncing times, which enhances the decentralization and network security of Monero. Additionally, a hotel in Georgia announced that it would accept XMR as a payment method, contributing to the increased interest in the crypto asset. Social sentiment towards Monero has turned positive, and open interest in the XMR futures market has risen, indicating a potential upside. Technical indicators suggest that there is more room for growth, and traders have withdrawn $8.4 million worth of XMR from centralized exchanges in the past week. If demand continues, XMR could retest its previous high of $241.59.



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