Monero [XMR] is currently priced at $195.22 and has a market cap of $3.127 billion. It has a market supply of 16.02 million and an overall volume of $45.93 million in the past 24 hours. The coin has declined by 19.94% in the past 7 days.
The coin has been beaten by an underdog coin Dash which has a market cap of $3.12 billion as of 12th may 2018. Monero reached a dangerously low level of $3.12 billion market cap.
Many experts speculate that the mining malware caused the downfall of Monero as many of the investors stepped away from the coin due to security reasons. The malware was creeping around 400 websites and used illegal activities for mining XRM.
Monero got a new wallet known as XMRwallet which would allow faster and smoother transactions and keeps the identity of the client anonymous. The wallet is compatible with MyMonero and can support over 10 different languages. The major blockchain company Circle also added Monero to its platform.
Kenny a Reddit user says:
“For you own sake, always trust your coin. There may be times where it may look like the coin may fall off from the face of this planet, but these types of things are like commonn in the cryptospace, so investors need not freak out over things like these.”
A crypto enthusiast says:
“Monero prices are dropping continuously. I think it’s a good idea to buy them at the current price.”
Subscribe to AMBCrypto’s Newsletter
EOS and Litecoin [LTC] lead the charge as the cryptocurrency market continues to rise
Dow Jones: Market slips as Trump claims ‘there is nothing magical’ about US-China talks
XRP/USD Price Analysis: Cryptocurrency settles into sideways movement as bull run ends
XRP/Ripple: R3’s Corda Settler dApp to be tested by InstiMatch Global using XRP
Mt. Gox: Infamous Bitcoin exchange had several issues with its code, reveals Mark Karpeles
DigiByte community gears up for Global Summit while founder Jared Tate finalises book on decentralized internet
Bitcoin [BTC] developer Jimmy Song lists 3 reasons why Bitcoin SV [BSV] is a “scam”
Bitcoin [BTC] among cryptocurrencies enabled by new debit card launched by Australian Crypto exchange
Ethereum [ETH] could have been stolen through malware impersonating MetaMask
After Bitcoin [BTC] ETF silver lining, SEC puts forth circular on ICOs
Bitcoin [BTC]: Mt Gox redemption plan demonstrates the power of open source network, says Brock Pierce
- Press Release
A New Generation of Crypto-Exchange: ALL IN ONE Crypto-Exchange
- Bitcoin Cash
Bitcoin Cash [BCH] support rolled out by Coinbase custodial wallet app
Flash Hike: XRP pumps by 10% as most top-10 coins gleam green