Monero explores higher levels amid increased development news

• XMR/USD descended to lows just above $60.00 before reversing the trend.
• 350 developers contributed more than 5,000 commits on all 17 Monero GitHub repos in 2018.

Monero has begun exploring the levels towards April highs around $70.00. Like many other digital assets on the market, the Monero was battered by the two selloffs that occurred on Tuesday and Thursday respectively.

XMR/USD descended to lows just above $60.00 before reversing the trend. The correction north has formed a clear cut rising channel that currently offers support to the crypto trading at $64.79. It is vital that the price corrects above $65.00 for further movement towards $70.00.

According to a report by Brave New Coin:

“XMR currently has 17 repos on GitHub. Most coins use the developer community of GitHub. Files are saved in folders called “repositories,” or “repos.” Changes to these files are recorded with “commits,” which save a record of what changes were made, when, and by who. Although commits represent quantity and not necessarily quality, a higher number of commits can signify higher dev activity and interest.”

The report continues:

“In total, 350 developers have contributed over 5,000 commits in the past year across all repos. Most of these commits have occurred on the main XMR repo (shown below). In January, the XMR wallet and node software Monerujo v1.10.14 was released, allowing for increased privacy obfuscation for where payments are sent and how much is held in the wallet. Monerujo v1.11.4 was released in March which fixed scanning and syncing errors.”