Excellent call. "Fundamentals" (whatever that means in cryptos) are great for Monero because it has all of the properties of ideal money that Bitcoin has, plus the most important one which Bitcoin lacks: fungibility. People still think bitcoin is anonymous. Also the pricetag - sure it doesn't actually matter what the price of Bitcoin is, but people still prefer the idea of buying 70 coins instead of 1 coin. Finally, the lead dev is named fluffypony, which is bullish.