Monero Price Analysis for December, 6th – XMR Became Less Volatile

If the instrument tests the resistance line and rebounds from it, the price may start a new rising channel with the support level at 51.75. At the end of November, Monero team reported on the hard fork, when the company implemented an updated mining algorithm.

Apart from changing the mining algorithm, Monero developers improved network anonymity characteristics resulting in a decision to move away from the lengthy payment identification procedure. In other words, RandomX algorithm must enhance the network security level and improve the mining procedure.

Timeline of Monero