XMR (Monero) rose 4.83% in 24 hours.

Gate News Bot news, on September 15, according to CoinMarketCap data, as of the time of writing, XMR (Monero) is currently priced at $301.04, with a rise of 4.83% in the last 24 hours, reaching a high of $308.38 and a low of $265.79, with a 24-hour volume of $9.54 million. The current market capitalization is approximately $5.553 billion, an increase of $256 million compared to yesterday. Currently, XMR ranks 26th in the Crypto Assets market capitalization leaderboard.

Monero is a private, decentralized Crypto Asset that protects users' financial privacy and security. It offers multi-platform wallet support, allowing users to conveniently store and use XMR. Monero can be traded on various exchanges and is accepted by many merchants as a payment method. The project has an active developer community and research labs dedicated to continuously improving Monero's privacy and usability.

Important news about XMR recently:

1️⃣ Monero blockchain faces severe restructuring The Monero blockchain experienced the most severe reorganization event in its history on September 15. This event caused 18 blocks to be rolled back, approximately 36 minutes of transaction history to be rewritten, and 118 confirmed transactions to become invalid. This incident poses a serious challenge to the security and stability of the Monero network.

2️⃣ Cybersecurity risks have raised concerns This blockchain reorganization event is considered an attack on the Monero network. Experts point out that if the Monero community does not take this issue seriously and address it, similar security threats may persist. Attackers may have the ability to execute a double-spending attack, even if they do not necessarily possess strict control over more than 51% of the hashing power.

3️⃣ Market Reaction and Price Fluctuation Despite facing technical challenges, the XMR price recorded a rise of 4.83% in the past 24 hours. This may reflect investors' confidence in Monero's long-term development prospects or sustained optimism regarding demand for privacy coins. However, cybersecurity issues could potentially impact XMR price trends in the future.

From a technical perspective, the security challenges faced by the Monero network may affect its reliability and appeal as a privacy coin. How the project team and community respond to this issue will be a key factor in determining the future development of XMR.

This message is not intended as investment advice; investors should be aware of market volatility risks.