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Monero {XMR} finds support, XMR can be safely stored on Ledger Nano wallets without fear

Monero is ranked at #10 in the market, ahead of TRON and Stellar Lumens. XMR is priced at $93.90 for now, and a slight climb rate of 0.62% was noted. The trading volume recorded is $114.524 million, while the supply has 17,146,343 XMR tokens in play presently. The total market cap of Monero is $1.609 billion.

A new post by TheAnarxoCapitalist on Reddit opened up a discussion on whether storing XMR on Ledger Nano wallets would bring about ample security. A person commented saying he [or she] uses Ledger wallets for cli, GUI and monerujo. He talked about a bug with the GUI which was fixed months ago, but no funds were lost.

While Monero has garnered a ton of traction this year, the ATH was reached in January during the previous year. This shows that majority of the altcoins, including ones like Monero and ZCash backed by a large chunk of hackers and privacy-seekers, are yet to scale new highs.

XMR is one of the only few amongst the top tokens which is displaying bullish pressure. The DEFCON 27 is a prestigious event which brings together ethical hackers [and even black hats] from across the whole world. Check out the latest updates of Monero Village via Twitter.

Following the completion of this event, XMR may rise further more. In fact, it overcoming Cardano, Stellar and TRON was an unprecedented move.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.