Monero review and price prediction for 2018
Official website: getmonero.org
In today’s article we’re going to look deeper into what the coin Monero represents. This is a very interesting digital coin as it allows its users to make absolutely untraceable transactions. It has a very good potential for investing and can give you good profits on the long run. So, let’s dive into it.
Exchange BTC for XMR at BestRate.org
Monero analysis
Currently, Monero is the 12th in the list of coinmarketcap.com and the current exchange rate of XMR to USD makes up a bit more than $300. Its market cap is $4.9B which is quite a significant portion, especially after the whole market downturn in the beginning of this year.
This downturn occurred mostly because of Bitcoin, as when it decreases, many other altcoin usually decrease, too. However, Monero seems to be regaining its strength and may soon conquer new records.
Monero has a relatively small supply, only 15M. Just compare it, let’s say, to Ripple which has 39B. And this is very good, because the smaller is supply, the higher is the demand and the higher is the price.
If you plan to buy Monero coin, you can do it easily as it’s traded on a very huge amount of exchanges.
What makes Monero different
The main thing that makes Monero stand out of many other cryptos is that it is really and truly secure. This is a private and untraceable cryptocurrency which lets its users take full control over their funds.
With government regulation that is currently trying really hard to get into the crypto space, Monero will definitely have a very good advantage, as even the authorities can’t get their hands on your transactions with XMR. Monero gives its users real freedom that could not even dreamed of in the past decades.
Monero price prediction for 2018
If we take a look at the overall Monero price chart, we can see that the overall cryptocurrency boom in the end of 2017 strongly affected it. It went from $85 to around $470 in a matter of a few months.
Now Monero price has dipped together with the whole market, which makes a very good opportunity for purchasing. Now it’s bouncing back and strives to get back to its highest heights.
Monero is supported by BestRate.org. You can buy it with Bitcoin or exchange for any other cryptocurrency you possess. The whole procedure is quite easy and doesn’t require registration or verification.
