Secure, private and untraceable – these are the words that the Monero team uses to describe their digital cryptocurrency. It is also one of the top digital currency that focuses on privacy. The high transaction volumes is proof of it, as Monero investors look for complete anonymity and privacy.
Many digital asset investors have turned to Monero in 2019. Moreover, looking at the current price of Monero, the predictions from analysts and the daily news, more investors are willing to invest in the digital currency.
Thanks to the two technologies used – Stealth Address and Ring Signature, Monero is a decentralized settlement and payment platform, concealing IP addresses, authentication keys and preventing transactions from being tracked.
Recently, Monero has celebrated its 5th anniversary. What are the predictions for 2019?
Monero (XMR) All-Time High Transactions – Will The Price Go Up?
The Monero network has recently saw over 15,000 transactions in a day. The spike could be thanks to the launch of Minko, a social gambling game, considering that Monero seldom goes over 10,000 transactions in one day. We did see the digital currency go up to that level in January 2018, when it had its all-time high ($400).
As for Minko, the platform was launched for the 5th anniversary of Monero (XMR), and the profits would go to the Monero development. The team of Monero talked during the celebration of Monero, saying that users will fully control the privacy of their digital financial transactions. They believe that this could increase the value of the coin. However, although the transaction volume increased, it did not influence the price of Monero. At the beginning of this week, Monero was trading around $60, and the prediction is that it could go up to $70. According to analysts, by the end of 2019, we should see the currency reach $100 -$120.