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We all know about Monero it is privacy-focused cryptocurrency it has a bright future. Since the beginning of this year XMR Price was rising and everyone was paying attention to this coin but I did not expect about it will rise in Price so Quickly I was Expecting that at the end of this Year It will be Near 100$.
Just three months ago XMR was trading on 35$ and it had a Notable Rise in July. On 21 August after the announcement that it will be added to Bithumb the Price was started to rise about 50% and exchange will be offering a 1% additional premium of XMR on top of any deposited Monero tokens during the deposit period from midnight Wednesday August 23rd thru Friday August 25th at noon Korea Time.On August 27 Monero Will be available for trading on exchange.
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At current price levels Monero is the eleventh largest cryptocurrency on the market just behind of Ethereum Classic (ETC).Is there is a Chance that XMR will be behind Bitcoin and Ethereum crossing Ripple ,Zcash and Litcoin.Or this boost in price is Temporarily Due to the Bithumb .
The most important question Here is ? How much should we invest in Monero because due to its on going Price everyone is going to buy it and price will rise even more at the current rising percentage Is Monero Will be trading Approximately around 200$ next year February. ? What is your prediction about it? and how much to invest in it?
That was great insight, thanks for sharing
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Hey rocky1 :)
thank you for your great post! i think Monero won't reach the 3rd place in marcetcap as it would only have 3 bn market cap with a price of 200$.
I invested about 20% of my crypto portfolio in Monero as i also thought it has a huge potential in terms of privacy - and I think there is a huge demand for anonymity in the internet, no matter what origin (good or evil).
Litcoin market cap is 2 billion$ and it is 4th in the market
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Fine thread. Same mindset here. I strongly advice people to only buy in to cryptos that have a solid background: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background. It's a waiste of money. Does anyone know about: https://www.coincheckup.com The site lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto. See: https://www.coincheckup.com/coins/Monero#analysis To watch Monero Indepth analysis
Try to check data as much as you can on coincheckup. It is awsome site though.