Monero price in good shape thanks to the news on MoneroV hard fork

As noted by cryptocurrency observers, the price dynamics of Monero, a cryptocurrency focused mainly on the privacy of transactions, is becoming more peculiar thanks to the upcoming advent of the new altcoin - MoneroV.

This altcoin will be born as a result of a hard fork - a strong update which will lead to the segregation of the blockchain of Monero into two independent ones, similar to how Bitcoin segregated into the original Bitcoin and Bitcoin Cash, the new digital asset.

The hard fork will happen at block 1529810 and the new MoneroV will be given at 1:10 ratio to all holders of Monero, although one has to be a holder before this block is mined. The development team of MoneroV promises limited coin supply (while the original Monero’s supply is infinite) and new scalability protocols which will somehow improve the overall structure. The latter promise can often be met at the various project websites so it’s better to see if these protocol updates actually prove to be useful in the future.

The investors’ interest might have risen due to the simple fact that the mentionings of Monero in the media have risen in quantity, and that’s why during the past week in has grown almost +25%.