Monero (XMR) is Reportedly Drawing Increased Attention From Traders

It seems that Monero might be on the right path these days.

Kudelski Security has reportedly successfully completed the recent second audit on the Monero blockchain network.

Monero is reportedly expecting a surge

This has been performed on RandomX. Monero might be expecting a better surge, and Smartereum writes that the audit will hopefully increase the credibility of the platform as well.

At the moment of writing this article, XMR is priced at $104.10, and the coin is trading in the green on CMC.

The online publication mentioned above notes that based on the last 30 days analysis, the price of Monero is trending in the bullish trend, but “not too strong.”

They also note that it might surge below the baseline or it might rise upright, they note.

Smartereum concluded by saying that by the end of this year, the price of the privacy-oriented coin might surge up to $150, which will be quite an achievement.

“For new traders to join the community, you might want to wait for some time for the price to surge in the bearish zone,” according to the online publication.

Monero’s vulnerabilities, patched

In other news regarding the Monero project, we recently reported that the Monero team had disclosed nine security vulnerabilities.

Two of theses one have been classed as “critical” and it seems that eight of them have been already fixed. Five of the vulnerabilities constitute a DDos risk, according to TheBlockCrypto.

There was also a flaw related to CryptoNote – the application layer that’s used for Monero to increase transactional privacy.

This flaw could have seen hackers taking down Monero nodes and request huge amounts of blockchain data from the network.

Andrey Sabelnikov, who discovered the bug, addressed all these issues and revealed a lot of details to Hard Fork.

Anyway, at the moment, XMR enthusiasts are waiting for a surge in the price of XMR.


Companies Mentioned

CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Trending news

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

4.93

Website

Icon
FortuneJack

4.55

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1939 Articles

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

4.93

Website

Icon
FortuneJack

4.55

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Trending news