Monero Price Drops Over The Past Three Months – Official XMR Wallet Malware Injection Investigation Continues
It’s been reported that the software that’s available for download on Monero’s official website has been compromised to steal crypto, according to the latest reports revealed yesterday, November 19th by Cointelegraph.
They note that a Reddit post that was published by the coin’s core development team addressed the issue as well.
“CLI binaries available on http://getmonero.org may have been compromised at some point during the last 24h. Investigations ongoing,” a Monero core developer said on Twitter.
Even if this investigation is ongoing, core developers for the project have issued an update confirming that the binaries of the CLI [ Command Line Interface] wallet had been compromised for a short time, according to data coming from The Next Web.
XMR price drops
Regarding the price of XMR, the coin has been surrounded by a lot of optimistic predictions.
There’s been a positive sentiment about XMR lately, despite the drop in price.
CryptoNewsZ notes that XMR has been under bearish pressure since back in September on the other hand.
They wrote that “Previously in August, the coin was trading with its full-on potential, which has attracted the crypto investors towards the Monero.”
They continue and say: “The technical indicators are mildly positive at the moment, as the MACD chart is all set to have a bullish crossover. While both the SMA lines are bullish as the short term SMA line is on the upside, the coin carrying a selling pressure.”
Monero in the crypto market
Anyway, at the moment of writing this article, the whole crypto market is pretty bloody, with all coins trading in the red.
Monero is not an exception, and XMR is priced at $57.91. The coin was struggling above $60 during the past few days, but prices continue to drop.
Other than this, Monero managed to gain more interest during this past year, and more investors have chosen it as an investment option.
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Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.