Ledger Monero App updates; XMR finds momentum as bullish pressure blesses the market

Fibo Quantum

Monero is ranked at #13 on coinmarketcap. The price of XMR rose by 2.25% in the course of the past 24-hours. The trading volume recorded is $80.865 million, while the supply has 17,128,615 XMR tokens in play. The total market cap of Monero stands at $1.369 million.

Next in the table we have TRON at #12. Monero must gain in terms of value by more than $100 million if it wishes to take on TRON in the near future. XMR is priced at $79.98 for now.

What sets Monero apart are the astounding features when it comes to transactions requiring privacy. Of the original 7 who developed Monero, 5 are yet to reveal their identities. Riccardo Spagni and David Latapie are the duo who personalities are well-known in the cryptosphere.

Monero is secure and virtually untraceable [unless the law enforcement has access to Grade A Hackers well-versed in blockchain technology]. While privacy is a debatable topic [some allege that crimes surge due to such coins], it is key to existing on the ecosystem without the Big Brother watching your every move.

Fungibility and total control over funds are two great features of this privacy-based currency. Confidential Addresses, Ring Signatures and Ring Confidential Transactions help maintain the privacy of the receiver, sender and the transfer respectively.

Resistance is expected to be felt near $83.9 and also close to the $88 level. XMR has support near the $77.2 level, and also at $75.