Get Extra Bonus When You Purchase Persystic, If You Missed Out on Monero and Stellar

Introduction With hundreds of different currencies available, cryptocurrencies are the way of the future for trade. Youth are particularly interested in cryptocurrencies more than anyone else due to their volatility and inherent danger.

Timeline of Monero

A Turkish-based cryptocurrency malware called ‘Nitrokod' has infected over 100,000 personal computers across 11 countries. What Happened: A new report from cybersecurity firm Check Point Research found that a malware application disguised as popular desktop applications has been making its way across the globe, largely undetected since 2019.

On August 13, Monero (XMR) successfully implemented a non-contentious hard fork at a block height of 2,688,888, enhancing the security and privacy features of the coin. This update introduced Bulletproofs+ algorithm, reducing transaction sizes by 5%-7% and improving verification performance by 5%-7%.

If you bought Monero [XMR] at its August top so far, you would be down by roughly 11.5% at its $153.55 press time price. And, if you purchased it at its bottom in June, you would still be up by roughly 58%.

Earlier today, the Monero (XMR) price jumped 7% and pierced the weekly resistance of $170. However, the price couldn't sustain above this level and reverted immediately, displaying a high price rejection indicating the sellers continue to defend this level.

The Monero (XMR) price has skyrocketed by over 7% in a day before the scheduled network hard fork on August 13. The privacy cryptocurrency protocol will undergo a network upgrade via a hard fork to improve transaction privacy, speed, security, wallet syncing, and reduce fee volatility.

Monero is the most popular privacy token in the space, and investors have flocked to it due to the anonymity it provides. Its community is widespread with a lot of miners, but one mining pool has dominated the hashrate of the privacy coin in the past.

The largest Monero mining pool by hashrate MINEXMR has revealed it will stop operations on August 12th. The news today comes months after the mining pool was bashed for controlling a significant percentage of all mining hashrate on the privacy token blockchain.

If there has been one cryptocurrency that has taken the market by surprise over the last 24 hours, it's Monero [XMR]. In a market where top coins, including Bitcoin [BTC] and Ethereum [ETH], have dropped in price, XMR has increased.

The Monero (XMR) price performed well in the crypto space, resulting in a 44% increase in its 24-hour trading volume. The XMR buyers have kept the buying interest as the price rebounds from the lower levels.

Monero (XMR) spiked to its peak levels in three months, in the face of challenges in the crypto market. XMR has been gaining momentum since June 13 as it has been enjoying highest highs over the past few months.