Monero takes over Bronze on Cryptocurrency Podium

in #crypto • 8 years ago (edited)

Not only is bitcoin surging, but the "more anonymous" Monero is surging even more.

Bitcoin has eclipsed the $1000 mark once again and the crypto euphoria has kicked into high gear. We have blasted from $800 to over $1000 in BTC.  Monero (XMR), which had popped from $1.90 to $14 earlier in the year, has moved from it's pullback price of $5 to 16.84, making a new USD high. This was the price point that moved it past Litecoin and Ripple to gain the third position on coinmarketcap.com. Monero offers more anonymity than Bitcoin, which could prove useful if the government tries to control with an iron fist. It has gained a lot of adoption recently and has been dubbed the "underground" currency. There is speculation that Monero could overtake Ethereum in the second "silver" position, which would see it more than tripling or more from here.

Only time will tell as to whether this happens. It's an exciting time in cryptocurrency. The world is being decentralized, and that is a good thing. It will ensure freedom, which has been proven time and again to create the most prosperous nations. You may want to consider a small investment in Monero to diversify your cryptofolio.

Happy Investing. C#

#steemit #monero #bitcoin
8 years ago in #crypto by
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     8 years ago  

    Monero is a hard one to call.

    the BIG5 level, yes ... TOP3, maybe.

    the issue is inflation:

    BTC 5%
    LTC 10%
    XMR 80% << huge inflation
    ETH 13%
    etc 13% *set to reduce/half-off

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       8 years ago  

      hence XMR might not be a wise 'investment'; but on the cryptocurrency podium it is.

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         8 years ago  

        https://en.m.wikipedia.org/wiki/Monero_(cryptocurrency)#/media/File%3AMonero_coin_supply_and_inflation_over_time.png

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           8 years ago  


          Not sure where you got that. Monero has an extremely low inflation rate around 1%https://en.m.wikipedia.org/wiki/Monero_(cryptocurrency)

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             8 years ago  

            main emission curve will issue about 18.4 Million coins to be mined in approximately 8 years.[10][11] (more precisely 18.132 Million coins by ca. end of May 2022[12][13]) After that, a constant "tail emission" of 0.6 XMR per 2-minutes block (modified from initially equivalent 0.3 XMR per 1-minute block) will create a sub-1% perpetual inflation (more precisely 0.87% yearly inflation around May 2022) to prevent the lack of incentives for miners once a currency is not mineable anymore.

            2017-2022 = mineable still

            ms = 13,683,241 (now)

            so about 5M or 1M year are coming soon! It be nice if you fan boys could produce current rates of inflation facts.

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               8 years ago  

              Evidentemente lo hecho por el btc, a abierto la oportunidad hacia el surgimiento valorizado de otras criptomonedas, y es claro que XMR tiene todas las condiciones que exige el mercado para convertirse en la numero dos si rankeamos a las criptomonedas, y en un futuro no sabemos si por su misma condición de muy alta discreción se supere a si mismo desde ese 2do lugar, de verdad tiene XMR tiene condiciones excepcionales, ya el tiempo dira si es así o no. / Obviously done by the btc, opened the opportunity for the emergence of other cryptononedas valued, and it is clear that XMR has all the conditions that the market demands to become the number two if we rank the criptomonedas, and in the future we do not know If by its very condition of very high discretion it surpasses itself from that 2d place, it really has XMR has exceptional conditions, and time will tell if it is so or not.

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