Monero breaks the resistance in the wake of the relationship. XMR + 8%

Monero News

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.

XMR Price

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.

Commercial suggestion:
– 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. "[19659016] XMR / USD price chart, Sunday 2 September:

  Monero XMR price chart

Follow TokenTops on Twitter to stay informed about new articles, cryptocurrency news, ICO ads and forecasts and price analysis.

Disclaimer: please note that trading, buying or any other type of investment in cryptocurrencies must be considered risky and may result in the loss of all the money invested. For more information visit the Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decision. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage or inconvenience caused by reliance on information published or linked to tokentops.com. We believe that everyone should do their own in-depth research on the particular topic in various sources before making any financial decision and this person should be solely responsible for the result. Our writers do their best to remain impartial and do not actively support any project. The research is conducted with various sources, the forecasts are based on their own beliefs, analytical skills, experts and community discussions and are intended to transmit only general information.

Source link