Anon I thought this too but the price action is too stable and it’s going firmly in the one direction; up. This isn’t institutions at all. Adoption of it is growing exponentially. Even on the bitcoin plebbit, normies are making threads about it calling it satoshis real vision lol.
Never used to see this sort of hype about XMR.
The fact is, with the world we live in today, more and more normies find a private currency appealing.
XMRs tokenomics is perfect for a boom too. Lower supply than BTC. This has to be one of the most undervalued assets in history right now.
XMR has never had the sort of momentum or attention that it does now. In previous bull markets where the price was higher, that’s just because you could buy it off every exchange and it just became part of the day traders manipulation.
The fact that it’s mooning so steadily and strongly while it’s impossible to buy is mindblowingly bullish.