Monero Now the Favorite Coin for Crypto Jackers
The anonymity of Monero and the fact that the use of cryptographic service with its use makes transactions very difficult to track made the digital currency the favorite of crypto-jacker according to a Trend Micro report a security company.
The data available to the company say that the act of illegal hacker encryption increased by more than 1000 percent between January and July 2018 due mainly to the favorite hacker now for more discrete extraction to other forms of hacks like ransomware.
In the report "Invisible threats, imminent losses" the company said: "In the coming months, we have also noticed a noticeable shift from highly visible ransomware to more discrete detection: cryptocurrency mining – these damaging threats – from miners to silently draw power from victims' devices to dangerous vulnerabilities that leave machines open to hidden attacks – divide limited security resources and divide the focus of IT administrators "
Monero has a great future – Report
The consulting firm of ILO, Satis Group, has recently published a report on the future of cryptocurrencies, in particular regarding its perspective over the next 10 years. In the report, the company stated that Monero will be valued at around $ 20,000 (specifically, they used $ 18,000) over the next five years, ensuring that privacy encodes the crypt with the highest potential in terms of ROI.
Monero is currently valued at $ 98, so $ 18,000 equates to an 18.2% increase in value over the next five years. The company also linked the successes to the currencies based on their decentralization and brand independence, underlining that the coins that expected to use other brands such as Bitcoin Cash will lose the valuation
They also claimed that the Centralized cryptos like XRP that used deceptive marketing to attract investors will get worse in the future.
Although the Bitcoin was predicted by the ratio to rise to $ 96,000 in 5 years, Monero is definitely the biggest gain according to the report.
Monero breaks resistance in the wake of the report
The XMR who held above the 20-day EMA in the last 4 days broke the resistance of $ 109 in the wake of the news that the future prospects are good. This may be the first time since December that XMR is making a convincing pause from the downward trend. It is evident from the flattened moving averages that the bulls have dominion.
ForecastCity is long on XMR and agrees that this is the beginning of an uptrend, its analysis said: "The price is lower than the 21-day WEMA which acts as a dynamic resistance.
– The RSI is at 39.
– While the RSI and the downward trend in prices in the daily chart are not broken, the downward wave of price will continue.
– There is the possibility of temporary retracement to the suggested support area (from 84.00 to 73.00), in which case, operators can set orders according to the price action and expect to achieve short-term goals. " XMR / USD price chart, Sunday 2 September:
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