What will drive the Monero to reach the $ 1,000 this year?

in #bitcoin7 years ago

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Monero is a growing player in the digital currency market and seems to be reaching the $ 1,000 this year. This is because the non-traditional currencies are very interested and the Monero currency, which is the currency of the private currency, has a dedicated follow-up and great potential.

It is also the most widely used digital currency in the world and much of it comes from the dark internet. Because it can not be tracked and can keep your details and transaction details safe when you use them. Since joining the booming digital currency market in mid-2014, the Monero currency has become known for its reliable digital currency, which focuses on privacy and security. The pluchen technology uses at least three techniques to protect privacy. First, masking the signatures of the ring and the identity of the sender, while the addresses hide the opposite side of the deal as well. In addition, balkshine is also used to conceal the amount contained in the transaction.

Who uses the Monero currency?

The excellent reputation of the Monero currency means that it gets the attention of those with bad or even criminal intentions. However, it can not be judged by its users. It is a very useful tool if you do not trust third parties, because it is decentralized and provides the opportunity to run your bank and make quick transactions - all without sharing your details.

It has also benefited from the overall rise in interest in digital currencies, which we expect to see through the high wave in 2018. The current market value of this digital currency is about $ 5.8 billion and admirably comes the Monroe currency in ninth place. In just 24 hours in the first week of March, the currency was traded at $ 218 million.

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The harder regulators push against illegal money held in cryptos, the more of this value will be moving to privacy coins. Monero uses a Ring Signature system to protect your privacy, allowing users to make untraceable transactions.

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