Monero (XMR) reached a historic high of $598, with a market capitalization surpassing $10 billion for the first time. Veteran trader Peter Brandt compared XMR's price movement to the historic breakout of silver, implying a potential significant surge in the future. Analysts pointed out that recent XMR prices have surged by 30%, with strong upward momentum and relatively small pullbacks providing support, and since XMR's market share remains relatively low, there is still room for further growth. Geopolitical tensions and the demand for privacy are considered key factors driving the rise in XMR's price.