Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Monero Forum => Topic started by: Rashid pk on April 26, 2018, 05:50:36 PM
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What to expect for the price of Monero this year and beyond.
Launched in April 2014, Monero (XMR) uses ring signatures, ring confidential transactions and stealth addresses to provide anonymous and untraceable transactions. These privacy features were a key factor that saw Monero rise from around US$10 (DKK60) at the start of 2017 to reach US$350 (DKK2,121) by the end of the year.
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However, there are other privacy focused coins as well. What makes it better than let's say Verge?
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$ 350 is the maximum price that can be. In the monero it was profitable to invest, when the cost was 10-15 dollars. It is now easier to find new coins for investment. :P
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It is quite difficult to predict the price of crypto currencies since a number of factor come to play. With Monero being launched in 2014, it has experienced a significant rice in its price till now and has proven to be one of the coins good to hold.With it current price of around 200$, I believe it can hit around 300 to 400$ by close of year.
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I think very high.. but not until bitcoin starts moving up.. there are certain properties of Monero that make it more attractive to certain people over Bitcoin, and I think its the top tier of the privacy coins.. instead of a 2018 prediction how about something like this.. When bitcoin hits 50,000, Monero will be about 3 to 5000.