In the last two weeks, Monero (XMR) has lost some price due to the harsh conditions of the market. At the end of 2018, it was trading at a similar price of as of today but it gained up some momentum in the start of new year. The fluctuating market has been there for a while now and that’s how some of the coins have been trading with uncertainty.
The market today has been mostly green and Monero is looking to gain a bit of momentum. Since losing around $7 USD in the price XMR hints back to gain those loses and today’s market is one of the indicators.
Apart from all these ups and downs in the market, Monero (XMR) has been facing some vulnerabilities. Some hackers have breached the security of Linux systems that are being used in Chinese servers and in these cyber-attacks the hackers are utilizing it for mining XMR coins.
As per the reports by Palo Alto, during the inspection of the network the dev team recognized a strange movement in the Linux system. The team came to know that the hackers used some new codes to uninstall five different cloud security and examining products from the compromised Linux servers. The hackers used such breaching system which led them to directly take over the full administrative control over the hosts. After they took a full control over the servers, they used to uninstall the products in a legitimate way.
The crypto industry is still new has vulnerabilities which will change with the time. Every industry is not safe from these cybercrimes and they have become a horrible part of user’s daily life. Blockchain has come up with such a technology that makes you believe that in coming time, security will reach another level where the accounts of online stuff will be safe.
Monero (XMR) is one of the few cryptos in the market that provides a top-level privacy to its users and being in the top 15 digital assets, it has a lot to bring forward to the market. So far, Monero hasn’t brought up anything big so it is expected that there would be updates from the XMR network regarding their development this year.
Currently, Monero trades at 14th spot and in coming time it could either go up or down depending upon its market circumstances. At the time of writing, Monero (XMR) had a trading price of $45.53 with a market cap of $762 million and a trading volume of $27 million. What investors need to know is that at the moment they can rely on short-term investments due to the recent market trends and it can turn out to be pretty fruitful. But for those who are patient enough for HODL for a bit of time, it is worthy of a HODL.