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.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Monero (XMR) на Currencies.ru

$ 381.16 (+0.11%)
Объем 24H $68.878m
Изменеия 24h: 0.08 %, 7d: 5.40 %
Cегодня L: $374.7 - H: $383.49
Капитализация $7.162b Rank 14
Цена в час новости $ 165.43 (130.41%)

monero network upgrade case reviewing completes security

Источник: coinjournal.net

monero network → Результатов: 126


Фото:

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


Stellar Lumen’s Inflation Scheme Shows Failures in Token Model

In a January 7, 2020, report from Coinmetrics, analyst Antoine Le Calvez revealed several supply and distribution failures within the Stellar Lumens network. Specifically, who really profited from the monetary inflation process? Failed Tokenomy, but not Scandalous Stellar Lumens was first launched in July 2014 following the second wave of major cryptocurrency projects including Monero, […] The post Stellar Lumen’s Inflation Scheme Shows Failures in Token Model appeared first on Crypto Briefing.

2020-1-8 12:32


Bullet stopping drones now mine on the Monero network

Bullet stopping drones are now securing the Monero network? Astral AR and Core Scientific announced a partnership that puts mining software on high-power safety drones. Astral AR, a Texas-based company specializing in safety drones, announced a partnership with Core Scientific—a blockchain infrastructure and AI firm helmed by former Microsoft COO Kevin Turner.

2019-6-15 15:39


Monero’s Riccardo Spagni: Bitcoin Network’s Longevity Gives it The Edge Over Other Crypto Assets

This January, Bitcoin marked a decade since its inception. The first block of the world’s biggest cryptocurrency was mined in January 2009. Over the years, Bitcoin has captured the attention of many, including individual traders, institutional investors, regulatory agencies and notable government institutions all over the world.

2019-6-4 19:46


Bitcoin’s biggest advantage is its network effect, says Monero’s Riccardo Spagni

Bitcoin [BTC], the largest cryptocurrency by market cap, marked the first decade of decentralization this January 2019 by celebrating the 10th anniversary of its genesis block generation. Over the years, Bitcoin grabbed the attention of retail investors, institutional investors, regulating bodies and even powerful government bodies across the globe.

2019-6-4 07:37


Monero needs to throw away bulletproof tech and deploy enormous ring signatures, claims Blockstream researcher

Monero network relies on ring signature, ring confidential transactions, and stealth addresses for the purpose of anonymity. Talking about swapping the cryptographic operation of ring signature in Monero, Andrew Poelstra, Blockstream Director of Research, in a recent interview on the sidelines of Magical Crypto Conference, said that he knows some of the ideas that have been “thrown […] The post Monero needs to throw away bulletproof tech and deploy enormous ring signatures, claims Blockstream researcher appeared first on AMBCrypto.

2019-5-15 20:30


Police seize over $600K in cash, Bitcoin, and Monero in worldwide dark web drug bust

Police have busted two prolific dark web drug markets in a global sting, seizing six-figure amounts of Bitcoin and Monero cryptocurrency, as well as loads of narcotics. “[The Wall Street Market] was the world’s second largest dark web market, enabling the trade in drugs (including cocaine, heroin, cannabis and amphetamines), stolen data, fake documents and malicious software,” said Europol.

2019-5-3 16:21


Blockstream’s Samson Mow and Monero’s Leader Talk About Tron’s Controversies in the Space

Justin Sun, the CEO and Founder of Tron (TRX), has been involved in different controversies over the past years. During the last episode of Magical Crypto Friends, Riccardo Spagni, Charlie Lee, Whale Panda and Samson Mow, talked about Justin Sun and how he promoted and developed the Tron Network. Justin Sun Criticized By Crypto Figures […]

2019-4-14 18:14


Создатель биткоина и суперагент: несколько фактов о Крейге Райте

Некоторое время назад появилась информация, что провозгласивший себя создателем биткоина австралиец Крейг Стивен Райт, которого по праву можно назвать одной из самых противоречивых фигур криптопространства, начиная с 2017 года, подал более ста патентных заявок на различные блокчейн-проекты.

2019-4-8 17:09


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Monero price prediction - Assessing volatility risks after XMR's latest ATH

Monero [XMR] fell by 13.5% in the last 24 hours, with its daily trading volume shrinking by 25%. The privacy token is the sector's leader with a market cap of $11.41 billion. It registered its all-The post Monero price prediction - Assessing volatility risks after XMR's latest ATH appeared first on AMBCrypto.