- Malware program “Smominru” had been modified to “steal system access information for possible sale on the dark web.”
- This malware has already infected half a million computers.
Monero (XMR), the privacy-oriented cryptocurrency, has been plagued by mining malware issues again. Carbon Black, an online security firm, revealed in a report that its Threat Analysis Unit found “a secondary component” in a well-known malware program called “Smominru.” The malware script had been modified to “steal system access information for possible sale on the dark web.” This malware has already infected half a million computers.
According to the researchers:
“This discovery indicates a bigger trend of commodity malware evolving to mask a darker purpose and will force a change in the way cybersecurity professionals classify, investigate and protect themselves from threats.”
Smominru was initially detected in May 2017 and was also detected in January 2018. Last year, researchers at security firm, Proofpoint, confirmed that Smominru had been using a National Security Agency (NSA) exploit. This exploit, known as EternalBlue, infects computers with XMR mining malware.
Regarding the latest iteration of the malware, Carbon Black discovered the modifications when they found “unusual activity” across several endpoints. They found sophisticated, multi-stage malware that was sending detailed system metadata to a network of hijacked web servers.” Back in September 2018, the Monero community members released a blog post condemning all such XMR mining malware attacks:
“[We] condemn this malicious, non-consensual use of equipment to mine (XMR) … The Monero community does not want to sit idly by as victims struggle to understand the impact of mining and ransomware.”
Monero Price Analysis: XMR Sees a Positive Price Difference Due to the 5-Day Long Bullish Trend
- Monero has come up with a bullish price scenario over a week, continues to give positive signs
- XMR appears to have a support level at $74.72, also, the bullish trendline is anticipated to act as a support level
- Yesterday, the coin had a close around $90, may cross the price mark again
Monero has been trading with a bullish impact against U.S.Dollar since the last 5 days. The coin has witnessed how its price has been uplifted notably, due to Bitcoin’s recent price rally above $10,600.
5 days ago, XMR was trading at $78.58 and it saw a price plunge at $74.72. Seeing a support level here, XMR steadily surged above $83 with an increase of 11.46%. The coin corrected down to $78.08 and again took a rebound. XMR maintained its price range from $80 to $83 till it saw another price surge on 18th August.
Since the last couple of days, XMR has been steadily moving up and yesterday it even reached as high as $90.55. The coin is correcting down at the moment and is at $88.32 at 05:01:04 UTC.
XMR/USD Price Chart
Monero’s current price is above its 5-day SMA of $85.90 along with its 50-day SMA of $87.18. Its long term SMA is about to slip below its short term SMA, which indicates a bullish price move. Also, XMR is trading in ‘buy’ phase.
Monero Price Prediction & Technical Indicators:
The MACD chart of the coin is moderately volatile and is entering bullish zone with its MACD line above its Signal line. RSI for the coin is above 50, showing no extremities. XMR may face resistance at $92.28 and support at $ 82.65.
Monero Optimistic Prediction: XMR Is Expected To Cross $100 In The Next Two Weeks
At the moment of writing this article, Monero (XMR) is trading in the green on CMC and the privacy-oriented coin is priced above $86.
Optimistic XMR price predictions ahead
The coin has shown more stable trends during the past few months, but the coin is seen to head towards an upward surge, and it may cross $100.
CryptoNewsZ writes that “The current price statistics of the coin also indicate bullish trends, and it may cross $90 by the end of today. The next week can be all about crossing $95 and then $97 to head towards bigger goals.”
The online publication’s prediction is pretty optimistic.
They say that XMR is moving very slowly as the coin was not able to cross the $97 target during the past few days.
They also note that all of this is a part of a strategic preparation to make it big.
This may happen soon as the coin passes the $100 target. The online publication concludes: “It is the best time to plan long term investments in the XMR token for higher benefits.”
Best time to buy XMR
More crypto experts have been saying that now it may be the best time to buy Monero.
Another important online publication, Smaretreum wrote not too long ago that “Analysts and traders in the crypto market usually see these periods of little activities as the best time to accumulate before the next big move takes place.”
More experts noted that long-term investors should consider buying the dip now because the Monero uptrend remains strong.
More than that, it’s also extremely important to mention the fact that the Monero development team managed to make huge privacy enhancements over the years and they will continue to do so.
The crypto market has been very volatile lately, but fortunately, today, the most important crypto assets are trading in the green.
Monero Price Analysis: XMR May Cross $100 in the Next Two Weeks
- XMR may come out of the loop to trade above $100 soon
- XMR may close the day trading above $90
Monero may have shown some stable trends in the last few months, but the coin is seen to head towards upward surge and may cross $100 value soon. The current price statistics of the coin also indicate bullish trends, and it may cross $90 by the end of today. The next week can be all about crossing $95 and then $97 to head towards bigger goals.
XMR to USD Price Statistics:
As on August 18, 2019, at 08:30:36 UTC, the price of XMR token is noted to be $81.92 and the coin has recorded an uptrend of over 4% in the last one month rising from $78.08 to its current value. XMR moved between $78 and $87 for a larger part of the past days but picked up some pace at the beginning of August to surge as high as $97.72. It has slumped since then and also hit $74.42 in between but is seen to gaining some pace again.
- The price of XMR token is now $81.92 and 0.00806682 BTC
- The market cap of the coin is now $1,405,400,628
- The 24 h volume has reached $68,183,214
- The ROI of the coin stands at 3,208.59%
- The circulating supply is now 17,160,689 XMR
Yesterday the lowest recorded value of XMR token was $81.04 and the highest was $83.70. The highest recorded value of the coin in the last 7-days was $92.34 and it may start to trade above it in the next few weeks.
Monero Price Prediction:
Monero may seem to move very slowly as the coin has not been able to cross $97 target in the last few days, but it is all part of a strategic prep up to make it big. This may happen very soon when the coin moves past $100 target and starts trading above it in the next few weeks or by early next month.
It is the best time to plan long term investments in the XMR token for higher benefits.