Monero Price Is Up 9.96% Amidst Continuous Developments And Upgrades
In a bearish market in which most significant cryptos have not been having their best days, Monero’s price goes up by 9.96%.
XMR is currently trading in the green on CoinMarketCap where it’s priced at $104.93 at the time of writing.
Monero is one of the few cryptos that survives the 2018 bearish trend
Every crypto enthusiast knows that 2018 has been quite a bloodbath for the crypto markets and experts are becoming more and more concerned that some of the altcoins will not be able to make it back and reach their previous all-time heights.
Monero, on the other hand, is one of the few cryptos that is believed to be able to survive this.
XMR is focused on privacy, fungibility, and decentralization. The token was created back in 2014, and this means that it managed to survive the enormous 2014-2015 bear market.
Monero will also be able to survive this current bear market because the native asset digital money is still the best use case for blockchains and the demand for private transactions in the cryptosphere will never disappear.
Continuous developments and updates
Monero recently announced a Monerujo app update.
The open source mobile app which allows users to create and manage XMR wallets saw the 1.6.3 version of its protocol released a few days ago.
In this new update, Monerujo team announced that it introduced a few significant changes from the previous version. You can read more about this update here.
After the useful features that this latest update brought, users will be able to create a Monero wallet on desktop GUI 0.12.3 via a Ledger Nano S, and then they will also be able to use the Monerujo app in order to connect and manage the wallets via phone.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
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.