Most of the encrypted currencies work with only a pseudonymous, but that’s not the case of Monero, the unregular cryptocurrency which actually works anonymously. This may be exactly the reason why it could be emerging very soon, in fact, the coin has been going through a significant boost during the last 12 months, just like the crypto market in general (yes, for the market as a whole, last few weeks haven’t been that good).
Nonetheless, whether it is still a buy or not that’s something yet to determined.
Monero price forecast 2018:
The current Monero price is approximately $313, however, the projection to the end of this year is the amazingly increasing number of $650. In the same line, a five-year forecast projects the price up to $2000, which proves a great appreciation of the coin from now on.
It seems that the anonymity related to the coin is playing in its favor since that looks fair enough for its users due to the full accomplishment of the Blockchain and cryptocurrencies principles.
As a matter of fact, some past actions include a few law enforcement agencies trying to identify the parties involved in a transaction but have failed humorously in the task. Therefore, the potential of this coin is immense; it can provide the users what they were looking for since the whole crypto market started, a completely anonymous transaction.
In consequence, it is not to be surprised of the huge traction the cryptocurrency is showing, and of course, the appreciation projected to the future.
Moreover, this cryptocurrency has experienced a decreasing from the peak just like the other cryptos in the market, but this, in fact, represents an alternative for buying at a good price now and obtain a greater gain later.
Yet, if in the near future Monero does not manage to maintain the incredible anonymity for which the coin is known right now, it will not be able either to keep up the recognition and appreciation of which is benefiting of.
Contrary to, if they find the way to continue with the anonymous work, they will ensure to fidelize the users which whom they work now or may work later.
Furthermore, there are plenty of good possibilities for this cryptocurrency. The only potentially bad scenario could be a regulation, yet this is virtually impossible since Monero is totally decentralized and not controlled by a specific association.
This way, Monero users can be completely relaxed as the future for this digital coin seems to be ascending and out the regulators’ target.
To conclude, Monero is a great option for users to enjoy; it provides them with an anonymous trading and also does not represent any risks of regulations or privacy violations. Therefore, whoever would be on the look of an ideal cryptocurrency for investing, this seems to be the right choice.
Whatsmore, Monero represents a great opportunity as well for diversifying and expanding cryptocurrency users portfolio; as it gives them a brand-new and unique crypto coin to transact with.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Tim Donnelly via Flickr
Reasons Why You Are Much Safer When Crypto Trading on Dexes
While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.
During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.
Here are some reasons why you might want to consider doing the same.
1. True ownership of your coins
The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges…
Crypto Billionaire Predicts Massive Price Growth by 2021
Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.
Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.
He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.
However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…
TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level
Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world. Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon. This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs. One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos. TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.
Problems with Centralized Casinos
The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model. And online casinos are no different. It still needs to be said that centralized casinos have proven that there is a great demand for online gambling. The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative. But industries are continually evolving and this one is no different.
A few of the problems facing centralized casinos include the following:
- Little to no transparency
- Consumer lack of confidence
- Privacy concerns
- 48-72 hour wait time for withdrawals
These are four monumental issues that need to be addressed quickly given the global growth of the market. Casinos need to…
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