Several digital assets traded at a premium on the leading exchange Bithumb. For a short time, Monero passed Bitcoin Gold and the market caps of both coins remain in a head race.
XMR is more than 57% up in the past seven days, rising even faster than Bitcoin (Bitcoin). The previous breakout for Monero stalled at around $180 before retreating.
The climb of Monero has coincided with a slide of around 15% in the Bitcoin Gold price, toward $293.56.
The spike comes after the announcement that 45 musicians and five online stores will be accepting the Monero this holiday season and offering discounts to those paying in the cryptocurrency.