Monero [XMR] remains strong in a bear market, up 14.46% – AMBCrypto


Tuesday, September 4 saw a mixed market with some coins that still languished in the bearish atmosphere, while others recorded surprising increases. One of the biggest gains is Monero, with a constant rate of 14.46%.

At the time of writing, Monero [XMR] was trading at $ 138.67 with a market capitalization of $ 2.270 billion. Monero's peak [XMR] had arrived earlier on the day when the currency was trading at $ 139.60, which pushes the cryptocurrency to the tenth position on the cryptocurrency charts. On September 4 he gave Monero the impetus with the opening of the cryptocurrency at $ 133, after which the currency has seen only a slow and steady increase.

  Graphical monero of 1 day | Source: CoinMarketCap

1 Day Graphical Monero | Source: CoinMarketCap

The claim of fame of Monero is its characteristic that protects its users from piracy and maintains security and protection as its primary goal. The organization's USP is that they do not disclose the information of any parties involved in a transaction.

Monero has been in the news a lot in recent weeks with numerous attacks and hacker attacks related to cryptocurrency. Coinhive, Monero's mining protocol was the main defendant of all violations with the company that defends it.

Coinhive is a mining service that uses pre-installed code on existing websites to complete its tasks. The code basically uses the computing power of the particular browser on which users are located, allowing them to extract Monero.

The latest victim of hacks on the Monero network is Oatmeal, an online comic book portal. The ransomware attack that was conducted during the hack has required users to deposit $ 300 dollars on an unmarked account, thus triggering an online outrage. Mathew Inman, the founder of Oatmeal, had announced on Twitter, saying:

"Hello everyone, my site is still inactive from the DDOS attack, I just received this email, which is trying to extort me for money for stop the attack, I'm still trying to figure out what to do, but I could end up having to change hosts Thank you for being patient. "

Monero also caused a sensation in the cryptosphere when it was announced that the cryptocurrency would be added to Mobi Wallet . This was the result of the previous components of the portfolio when Monero gave its full support for the Ledger portfolio.

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  Akash Anand

Engineering degree, crypto-head and Arsenal fan. He is fascinated by technology and all its wonders. Strictly against the pineapple on the pizza.

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