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Many people have been looking to hard-fork in the MoneroV network, which has been scheduled for April 30, 2018 but actually occurred on 3 May, 2018. It was understandable, we would say. The snapshot of the blockchain on block 1564965 was due on March 14, 2018, but MoneroV developers did not manage to solve a number of organizational issues. For more information on the reasons for postponing the MoneroV’s hard-fork date, read here.

What is MoveroV (XMV)?

MoneroV is being developed as a kind of Monero upgrade (its official website is https://monerov.org/). First of all, this currency should become attractive for mining, as it will not be so time-consuming. Each new block will be generated in 120 seconds, after which the complexity of its extraction (mining) will be recalculated. In addition, MoneroV should solve the problem of transaction anonymity, which exists in the Monero network. For this purpose, the Diffie-Hellman protocol will be used.

To understand the prospects of MoneroV, you need to know that after the hard-fork, every Monero owner will get a freebie. For each XMR, you can get 10 XMV. The price of new coin was in fact 100 times lower than that of XMR.

How to get Monero fork? Holders or Monero (XMR) on official and cold wallets on block 1564965 received this cryptocurrency. As reported on the official website of Monero (XMR), XMV was dropped on wallets of XMR holders a few days after the end of the hard-fork. Write in the comments below if you got a portion of freebies.

MoneroV Cryptocurrency News for 2023

As we approach the end of Q1 2023, MoneroV (XMV), the fork of the popular privacy-focused cryptocurrency Monero (XMR), has made some significant strides in the industry. This year has seen a flurry of activity, from protocol upgrades and partnerships to upcoming events and developments. Let’s dive into the latest MoneroV news and the events on the horizon.

MoneroV Protocol Upgrades

The MoneroV development team has been hard at work improving the project’s protocol. In early 2023, they announced the successful implementation of the Bulletproofs+ protocol. This update has led to a significant reduction in transaction size, resulting in lower fees and faster processing times. The team is currently working on further optimizations, with a focus on increasing privacy and security for users.

MoneroV Wallet Updates

The MoneroV community has also seen the release of a new, user-friendly wallet interface. This update simplifies the process of sending and receiving XMV, making it more accessible to a wider range of users. The new wallet has built-in support for the MoneroV protocol upgrades, ensuring that users can take full advantage of the latest improvements.

MoneroV Partnerships

MoneroV has announced several strategic partnerships in 2023, helping to further establish its presence in the privacy-focused cryptocurrency space. These partnerships include collaborations with privacy-oriented messaging services, VPN providers, and secure email services. These alliances will allow users to seamlessly use MoneroV as a payment option, further expanding its reach and adoption.

Regulatory Compliance

The MoneroV team has been working diligently to address concerns from regulatory bodies, particularly with respect to Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements. In response, they have introduced optional compliance features, allowing businesses and exchanges to comply with these regulations while still preserving the privacy of individual users. This move has led to increased interest from institutional investors and more widespread adoption of MoneroV on popular exchanges.

Upcoming events that could affect the XMV price

Several key events are scheduled for the remainder of 2023, focusing on promoting MoneroV’s privacy-centric vision and fostering community growth:

• MoneroV Privacy Summit: This event, scheduled for Q3 2023, will bring together industry leaders, privacy advocates, and developers to discuss the current state of privacy in the cryptocurrency space and the future of MoneroV. Attendees can expect insightful panel discussions, workshops, and networking opportunities.
• MoneroV Hackathon: The MoneroV team will be hosting a hackathon in Q4 2023, encouraging developers to build innovative solutions on the MoneroV platform. This event aims to foster innovation and attract new talent to the project, while offering valuable prizes and recognition to participants.
• Community Meetups: Throughout the year, the MoneroV team will be organizing local meetups worldwide to engage with the community, share updates, and receive valuable feedback. These gatherings provide an opportunity for supporters to meet the team and connect with like-minded individuals.

MoneroV Hard-Fork Price in 2023

Before the release of MoneroV, its price was determined exclusively by the price of Monero. At the time of the hard-fork, the Monero price was about $240 per coin. The initial price of XMV was around $0.39. After that, the price fall down to $0.15. The reason was simple – lovers of freebies cashed out or exchanged XMV for stablecoins. In June & July, price slightly increased. XMV has a chance to reach $0.9 by the end of the year.

The main key to the success of MoneroV will be its listing on the top crypto exchanges. For example, if Binance lists XMV by mid-autumn 2018, the coin can show 100% growth for a couple of days (but it is unlikely to happen, in our opinion).

However, the last time we witness a lack of confidence in absolutely anonymous cryptos. Some exchanges begin to exclude XMR from listings. If the trend continues, until the end of the year MoneroV will simply restore its position in the market.

Check out the MoneroV price table for 2018 (best case scenario and the worst one).

Disclaimer. This forecast is our estimate. The prices on the cryptocurrency market can vary depending on state regulation and many other factors. Judging by the situation with other forks, our forecast is the best case scenario. In the worst case, MoneroV can deflate.

We will be very grateful if you could write your views on MoneroV price changes during 2022 in the comments. We are always ready to listen to your arguments.