Monero's Resilience: Despite a broader market decline, Monero (XMR) gained over 3% in value, showcasing its strong community and resilience against challenges.
Hashrate Controversy: A claim by Qubic that it controlled more than half of Monero's hashrate raised fears of a potential 51% attack, but it was later revealed they only had about 35%.
Community Response: The Monero community reacted swiftly to the threat, with miners abandoning Qubic and adoption of alternative mining methods increasing, demonstrating the network's robustness.
Future Price Predictions: Analysts predict potential price movements for Monero, estimating it could range between $220 to $350 depending on market conditions and regulatory pressures.
