The privacy-oriented coin Monero (XMR) uses an obfuscated public ledger which simply translates in the fact that anyone can broadcast or send transactions, but no outside observer can tell the amount of XMR, source or its destination.
Monero is currently trading in the red on CoinMarketCap after yesterday most coins were trading in the green, an achievement which triggered s a bit of excitement in the whole crypto community.
A bullish trend might embrace XMR
XMR’s fall since December has been due to the massive bearish pressure and competitive forces that have been present in the crypto space.
But nonetheless, the pair XMR/USD managed to remain uptrend from January 5 to January 9, and this could definitely hint to a new bullish trend.
Compared to December 14, the pair XMR/USD gained 16.6% in value, and this elaborates the bullish trend even more.
Monero, the cash for a connected world
CryptoNewsZ calls XRM, the cash for a connected world. The coin is fast, secure and private when it comes to transactions. XMR is decentralized, and the digital coins are operated by a network of users.
All the transactions are confirmed by distributed consensus, and they’re recorded on the blockchain,
Monero is using ring signatures, confidential ring transactions, and stealth addresses in order to hide the origin, amount and destination of transactions. XMR basically offers all the benefits of decentralized crypto.
XMR price predictions for 2019
Monero (XMR)‘s price predictions for this year and beyond are looking pretty bullish.
The forecast for 2019 is, according to Smartereum, around $650. For five years from now, the estimate is $2,000, according to the same online publication.
The main reason for which such a bold appreciation is something that’s not too far-fetched is that XMR is entirely anonymous and this means that it maintains the very principle of crypto in general.