Monero survives 51 % attack – XMR jumps 11 dollars in 24 hours star-news.press/wp

Main meals

Monero witnessed a 51 % attack on the total retailer, affecting its safety. XMR jumped with the gains during this period, but the attack caused a threat to low price.

Monero (XMR) rose by $ 11 in 24 hours, according to data from CoinMarkcap, where he ranked third among the best winners.

The price rose from $ 256 to $ 266 at the time of the press. The volume increased by more than 56 % with a trading of $ 83.38 million a day.

These positive gains were at risk of eliminating them. This is followed by the attack on the safety of the network.

The effect of the Monero network attack on the price

The QBIC’s control attack has seen more than 50 % of Monero’s retail alone. QBIC male The Monero incident was a test, but it represents what it represents.

From this, QBIC extracted more than 80 % of the blocks in a very short period.

The activity raised concerns about price stability. The price decreased immediately, but shortly after. This means that the landing could have provided an opportunity to go for a long time.

MERESO, decentralization was threatened in the cryptocurrency after the power is concentrated from one source.

Source: kraken

It reached the peak peak at 2.71 GH/S. This led to the suspension of the deposit Kraken, but trading and withdrawal were maintained. Kraken will resume deposits only after careful study on safety.

At the same time, the index of fear and greed was neutral CFGI. This showed that the feeling may calm, and perhaps after the QBIC clarification.

The collapse of XMR prices over the concession channel

On the charts, XMR was broken over a nomadic channel in the time frame of the hour. The pattern was playing for more since August 8, when there was another sharp drop of experienced.

Despite the risks arising from the network compromise, the flow of XMR funds was rising with cooling the fluctuation. The flow of Chaikin (CMF) was at 0.31 while the proportional volatile index (RVI) decreased from 93 to 64.

Source: TradingView

The price of XMR appears to be a decline. The price can decrease to $ 257. The final test of the next XMR step at this level.

The lounge below the trend line would undergo altcoin again to the bear’s structure, making the current scenario a trap with a rich. Instead, respecting the level would verify the validity of the bullish penetration.

Long qualifiers outperformed short situations

The filtering heat map is focused with long financial leverage orders according to Coinglass data. The largest concentration ranged between $ 250 and $ 234, with more than a million dollars from XMR yearning.

Little short pants formed slightly higher than $ 266. This was an indication that a few merchants were interested in betting against the recent recovery.

Source: Coinglass

Take final

The XMR attack, which was considered Qubic as a test of its computing power, can display the encryption of the audit after the history of Monero. Failure to restore decentralized energy at risk disrupt the price of XMR.