Reviewing the bull case for Monero as it completes the network upgrade

Reviewing the bull case for Monero as it completes the network upgrade
фото показано с : coinjournal.net

2022-8-15 14:12

Monero completed its hard fork on Saturday for more network privacy and security

The native token has not reacted to the hard fork and was down on Monday

Monero remains on an uptrend to new heights

Monero XMR/USD successfully completed its network hard fork on Saturday. The privacy-focused blockchain said the network is now more private and efficient. The upgrade comes with Bulletproofs+ algorithms for faster transaction speeds. Introduced view tags on the network will also cut wallet sync times by up to 40%. 

The successfully deployed hard fork comes with the benefits of more security and privacy. The benefits are especially to boost its native token. Monero has been surging in anticipation of the upgrade and improved crypto sentiment. The token currently trades at $166, up from a low of below $100 in mid-June.

Despite the latest upgrade, the Monero token is yet to post robust gains. As of the time of writing, the token was down by 2.18%, with the trading volume up just 10%. The slowdown is occurring across the crypto sector. The indecision underlines that Monero had already priced in the positive news. The upgrade was already a long-awaited event. But how bullish is Monero?

Monero slows amid the latest network upgrade

Source – TradingVew

Monero remains on a solid uptrend despite the boosts from the hard fork. The token is supported by the 21-day and 50-day moving averages, with the latter joining recently. The MACD indicator shows waning momentum, a suggestion of a potential retracement.

Concluding thoughts

Although Monero’s momentum is weakening, it is on a clear uptrend. The cryptocurrency is yet to reach the established resistance at $204. Any correction is an opportunity to buy. The latest upgrade could still be the boost needed to take the Monero token to the next level.

The post Reviewing the bull case for Monero as it completes the network upgrade appeared first on CoinJournal.

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monero network upgrade case reviewing completes security

Источник: coinjournal.net

monero network → Результатов: 126


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Разработчики Monero обновили протокол

13 августа команда Monero успешно реализовала хардфорк для обновления протокола нацеленной на конфиденциальность криптовалюты. Congratulations on a successful network upgrade! 🎉 #Monero is now more private and efficient with ringsize 16, Bulletproofs+, and view tags! Make sure your node/wallet is updated to continue using Monero.

2022-8-15 10:10


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Secret Ethereum Bridge Goes Live, Converting ERC-20 Tokens Into Privacy Coins

According to an announcement from the Secret Network blog, their new protocol named the ‘Secret’ bridge is now live on the Ethereum mainnet. The Secret Ethereum Bridge was designed to create programmable privacy tokens out of ETH and other ERC-20 tokens, a purpose that could function similarly with Monero (XMR) and Zcash (ZEC). “Secret” VersionsRead More

2020-12-19 09:33


IRS to Pay $625k Bounty For Building Monero (XMR) and Lightning Network Tracking Solution

The U.S Internal Revenue Service (IRS) has issued an incentive of up to $625,000 in bounty for anyone who will develop a Monero (XMR) Tracking solution for the law enforcement agency. According to the proposal floated last week, the IRS is looking to equip its Criminal Investigation (CI) better when it comes to virtual currencies; […] The post IRS to Pay 5k Bounty For Building Monero (XMR) and Lightning Network Tracking Solution first appeared on BitcoinExchangeGuide.

2020-9-12 16:48


Налоговое управление США предложило $625 000 за деанонимизацию Monero и Lightning Network

Налоговое управление США (IRS) объявило грант размером $625 000 любому, кто сможет раскрыть анонимную часть блокчейна Monero и Lightning Network, сообщил Cointelegraph. IRS будет принимать заявки в виде рабочих прототипов до 16 сентября.

2020-9-11 08:31


Stellar Lumen’s Inflation Scheme Shows Failures in Token Model

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