Monero: A Contrarian Coin. Long Fungibility & Sound Money
If I had to choose the most important feature of a cryptocurrency that influenced its price fundamental, I would choose the security of its blockchain. In that simple statement there is so much meaning and influence as far as price action is concerned. Simply, security on the blockchain is rooted in solving the Merkle tree; meaning mining the coins and verifying copies of the blockchain hosted on nodes around the world. More transactions means more money for miner, but it also means more volume for the baseline transactions. An increase in volume means that the coin gets harder to mine, while providing an increase in mining fees to the miners; continuing a cycle of strengthening the blockchain.
Or so it goes for Generation 1 of crypto.
The cycle of increasing interest, mining large volume and "cashing out" is also visible on the charts with price action. While, Monero continues its path through cyclical price action - pushing all time highs - it will becoming a mainstay in public market/internet economy. What is it about XMR as a 'ticker - something to be bought and sold - that will drive the price up at this moment? Answer: Good press.
This coin has been in the literal shadow for years, the dark web, as it is the best technology for private transfer of value. Now, with adoption by the music industry (satanists and who else knows) to launder their dirty deeds in Monero, the world’s best privacy coin is finally getting some exposure. XMR market cap is up from ONE Billion to 4.5 Billion in two months time. (coinmarketcap.com/currencies/monero/)
It makes me wan to dance (www.youtube.com/watch?v=Kv28FF-T...)
However, I predict that XMR will continue to eat into the cryptocurrency market share (dominance), as it is now 1.18%, which is less than inferior coins such as Ethereum, Dash and Bitcoin Cash. Ethereum is Gen 2, "smart contract enabled" currency, but becoming rapidly redundant at its market share with the rise of Generation 3 cryptocurrency (internet of things currency).
At the very least, XMR should gain more dominance in the market than the Generation 3 coin, IOTA (3.18%) or its strong competitor Cardano (~1%), which are coins with the stated goal to have no mining fees or miners at all backing their generation, for the sake of Scalability (another word for taking over the world! To the MOON!). While the nerds work on their pet project, XMR fulfills the promise of Bitcoin or crytptocurrency in its generation 1 stage. This, Bitcoin and Litecoin are my bets for out of the park Gen 1 investments. XMR occupies a niche in the market of human interaction, not just of cryptocurrency or privacy and for this reason it will be the largest gain'er from now until, "The Great Alien Invasion of 2041." Accumulate and hold.
My recommendation:
Throw down on this chart for the short term, buy back and hold 2018+.
Don't take my word for it, read this: cryptoizzy.blogspot....w-monero-rising.html
For further reading on why XMR is a good trade, short term, and an excellent long term investment check out the effects of a lack of fungibility on Bitcoin, Litecoin, Dash, etc. XMR is 100% fungible and this is why it is the best digital asset in the "privacy" space, which will have ever increasing demand from here on out. Privacy=Fungibility and XMR is the scary one for central banks.
Or so it goes for Generation 1 of crypto.
The cycle of increasing interest, mining large volume and "cashing out" is also visible on the charts with price action. While, Monero continues its path through cyclical price action - pushing all time highs - it will becoming a mainstay in public market/internet economy. What is it about XMR as a 'ticker - something to be bought and sold - that will drive the price up at this moment? Answer: Good press.
This coin has been in the literal shadow for years, the dark web, as it is the best technology for private transfer of value. Now, with adoption by the music industry (satanists and who else knows) to launder their dirty deeds in Monero, the world’s best privacy coin is finally getting some exposure. XMR market cap is up from ONE Billion to 4.5 Billion in two months time. (coinmarketcap.com/currencies/monero/)
It makes me wan to dance (www.youtube.com/watch?v=Kv28FF-T...)
However, I predict that XMR will continue to eat into the cryptocurrency market share (dominance), as it is now 1.18%, which is less than inferior coins such as Ethereum, Dash and Bitcoin Cash. Ethereum is Gen 2, "smart contract enabled" currency, but becoming rapidly redundant at its market share with the rise of Generation 3 cryptocurrency (internet of things currency).
At the very least, XMR should gain more dominance in the market than the Generation 3 coin, IOTA (3.18%) or its strong competitor Cardano (~1%), which are coins with the stated goal to have no mining fees or miners at all backing their generation, for the sake of Scalability (another word for taking over the world! To the MOON!). While the nerds work on their pet project, XMR fulfills the promise of Bitcoin or crytptocurrency in its generation 1 stage. This, Bitcoin and Litecoin are my bets for out of the park Gen 1 investments. XMR occupies a niche in the market of human interaction, not just of cryptocurrency or privacy and for this reason it will be the largest gain'er from now until, "The Great Alien Invasion of 2041." Accumulate and hold.
My recommendation:
Throw down on this chart for the short term, buy back and hold 2018+.
Don't take my word for it, read this: cryptoizzy.blogspot....w-monero-rising.html
For further reading on why XMR is a good trade, short term, and an excellent long term investment check out the effects of a lack of fungibility on Bitcoin, Litecoin, Dash, etc. XMR is 100% fungible and this is why it is the best digital asset in the "privacy" space, which will have ever increasing demand from here on out. Privacy=Fungibility and XMR is the scary one for central banks.
Komen:
Looks like I was exactly right. Feels good man. i.ytimg.com/vi/L6hEy...Zs/maxresdefault.jpg