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Why Monero (XMR) should be Preferred over Bitcoin (BTC)

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Monero
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You are definitely your own bank with Monero (XMR). It is an open source crypto which has climbed the ladder so fast since it was first launched in April 2014 due to it being secure, private and untraceable.

Monero (XMR) is absolutely private and ensures all that you trade the one you trade to, as well as the extent you trade, are completely unknown. In fact, all the transaction history of both the receiver and the sender are kept confidential and are untraceable.

The scenario for Monero’s introduction

Evidently, Monero (XMR) offers the highest security to its users as their transactions are not exposed at any rate. With other cryptocurrencies, Bitcoin, for instance, the addresses of the sender and the receiver are exposed publicly.

For this traceability concern, there was a need to sort it out so that user transactions can be obscured. The solution was, therefore, the introduction of Monero (XMR).

At this moment in time, if Monero and bitcoin were equally valued with same sized infrastructure, which crypto would you have, to spend, to hold, and to receive? One that announces all that you have when and how much spent? Or one that is so private, fungible and untraceable?

Basically, Monero (XMR) has ring signatures that scramble the addresses of the parties in a transaction – hence making it untraceable. Therefore, it holds the stage for being a number one crypto when it comes to privacy.

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Does son beat father?

Why should Monero be preferred over Bitcoin? Undoubtedly, BTC was launched way early than Monero – to be specific in 2009 compared to Monero in 2014. Many got to know bitcoin more, and are therefore flocking to it, not that there are no better cryptocurrencies, but rather they are unaware of them.

Monero (XMR) is simply a superior choice than Bitcoin in comparison because of the following:

Superior mining algorithm

Monero (XMR) is best for long-term investment than Bitcoin (BTC). Adding to its perfect security, personal computers as well as ordinary laptops can aid in mining Monero, unlike Bitcoin which requires a special Application Specific Integrated Circuit (ASIC).

Seclusion

With Bitcoin, all the information about the sender and the receiver are visible which is not the case with Monero that has the highest anonymity. As more individuals learn more about the privacy of transactions offered by Monero, the more Monero’s valuation will grow – recent studies confirm.

Expected future valuation

This is just a no-brainer as the current price graph explains it all. There is simply a rapid growth when you look at the price of Monero (XMR) with an increase of 11.14% within the past 24 hours.

You would be wrong if you thought it was only the price that increased because its supply as well increased touching 16 million. Monero’s expected future value at the moment is $1000.

Sustainable transaction cost

Bitcoin’s transactions cost is basically unmatchable when compared to Monero, and as if that is not enough, they are time-consuming as well.

Apart from charging less transaction cost, Monero (XMR) provides faster transactions due to the high number of individuals that make use of it at a time.

I simply believe that Monero (XMR) is superior cryptocurrency just at the perfect time in terms of history – a time when adoption of cryptocurrencies is taking the stage.

We will be updating our subscribers as soon as we know more. For the latest on XMR, sign up for our free newsletter!

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 descryptive.com/ via Flickr

Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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