Monero’s Fluorine Fermi Update Brings Enhanced Privacy,But Price Dips
Monero recently rolled out its Fluorine Fermi network upgrade to bolster privacy and security. Despite these improvements,the XMR price took a slight hit.
on October 9, Monero launched CLI v0.18.4.3, or Fluorine Fermi. This update aims to shield users from “spy nodes.” These are malicious nodes or botnets that can link IP addresses to transactions, compromising privacy.
The upgrade includes a smarter peer selection algorithm.This helps nodes avoid large subnet groups often linked to surveillance, steering users toward safer connections.
While the update was well-publicized, receiving 15,300 views, it didn’t boost the token price as expected. Rather, XMR dipped by 0.8% in 24 hours, hitting a low of $328.
Though, Monero showed better performance recently, with a 2.2% increase over seven days and a 26% rise in the past month.
On October 10, XMR price fell slightly after the Fluorine Fermi launch. It recovered somewhat,trading around $336.81, down 0.27% in a few hours.
The price seems to be approaching the $340 rejection level. It may dip below $335 before stabilizing near the 30-day moving average at $336.90.
This price dip might reflect short-term market uncertainty as traders process the new upgrade’s implications. Historically, Monero updates cause initial volatility, followed by a recovery as the network stabilizes.
If XMR holds at $335, it could consolidate before testing $340-$342. A break below $333 could lead to further declines toward $328, especially if the broader market remains cautious.
