Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Privacy Coins Forum => Monero Forum => Topic started by: yousufatik20 on October 10, 2018, 10:09:12 PM

Title: What are factors behind the success of Monero
Post by: yousufatik20 on October 10, 2018, 10:09:12 PM

I am seeing that the marketcap of Monero is much higher and in the list of top 10 cryptocoins. Can I know what are the factors which are making its demand higher and what are the factors which is making it competitive with bitcoin, litecoin and etherum?

Title: Re: What are factors behind the success of Monero
Post by: bountyecrire on October 11, 2018, 12:00:04 AM

It is secure and anonymous. I think monero is the best in terms of that. Z cash and verge is the competitors of Xmr but they're not big enough to compete :) The factor is anonymity.

Title: Re: What are factors behind the success of Monero
Post by: cryptogazelle on October 12, 2018, 04:04:18 AM

1. Best anonymity until now. Proven researchers have tried and sometimes succeeded in breaking it, making it stronger in the process.
2. It's not scared to hard fork, like Bitcoin, which means it evolves faster.
3. It can easily integrate many upgrades and fixes from one of the worlds most active cryptocurrency repository: Bitcoin itself.

Title: Re: What are factors behind the success of Monero
Post by: Richa99 on October 21, 2018, 01:37:05 AM

monero has become a very good coin and is a great coin in the top 10, and I also strongly believe that monero will become a coin that will be more successful in the future