XMR picks up ZEC's contrarian rally, a rundown of how smart money is playing it

BlockBeats news, October 23 - This week, global stock and crypto markets have been sluggish, yet the veteran privacy coin Monero has risen against the trend, recording a weekly gain of 9.4%.

On the news front, there is no obvious major positive for Monero; the spark for XMR may come from a prediction by renowned trader and chart analyst Peter Brandt. On Wednesday, he stated, "The current pattern of Monero is very similar to that of silver before its massive rally to $125, potentially brewing a similar large-scale upward move."

Beyond the improving technicals, how does smart money view Monero's potential "big move"? BlockBeats summarizes as follows: