Monero (XMR) (XMR/USD) price has surged by more than 33% in a week ahead of the hard fork expected on March 14, Bitcoinist.com reported.
At the time of the fork, holders of Monero will receive free MoneroV tokens at a ratio of 1:10 – meaning that for every 1 Monero token someone owns, they will receive 10 MoneroV tokens.
“MoneroV plans to tackle the scaling issues, which is the main source of problems in Monero, and in all cryptocurrency coins for that matter,” the project said on its website.
Riccardo Spagni, former idea leader of Monero, has been skeptical, and has warned against going for the split coins.
An answer to the question: “does MyMonero support MoneroV and other scam forks?”https://t.co/jWd4a6fPmt
— Riccardo Spagni (@fluffypony) March 2, 2018
The Monero price has grown 5,98% over the past 24 hours, according to CoinMarketCap.com. This time last week, Monero was trading under $275 per token. Now, one token costs $363 and is nearly at its all-time high in terms of its Bitcoin (EXANTE: Bitcoin) comparative.