XMRBTC(W): Why is Monero a top investment?... And Happy Birthday Monero!
Often I am asked: "I want to invest in a good crypto technology. What should I buy? I don't want to lose money on pump-and-dump. My answer: Take a look at technologies that offer a real understandable (simple) advantage. Monero is therefore a must-have for me. Why, I'll write below:
One of the biggest advantages for me in the crypto market in general and at Monero in particular is privacy. I see the "private" coins as long-term winners, especially XMR.
The private coins are not only value stores like BTC, they represent much more value due to their anonymity. I think a driver for the further growth of these coins is the increasing pressure from capital controls, currency weaknesses and global turbulences.
It is the fact: Digitalization goes deeper and deeper into our privacy. That makes alternative value storages more interesting than ever. Today, BTC can be tracked without any problems. This makes it impossible to shield assets via BTC. Monero is an alternative. Monero is programmed differently. The developers' goal is to create a payment that guarantees complete anonymity. At Monero, the development team created an entirely new blockchain. It is based on the CryptoNote protocol that makes these encryption technologies possible.
Monero focuses on highest anonymity and protection of privacy. Monero consciously focuses on the opposite of traceability and transparency. Monero is still unique in its form. The function: Sent and received public keys are bundled so that the addresses remain hidden. This makes an analysis of the corresponding blockchain almost impossible. The security depth is constantly being optimized.
Monero celebrated its fifth birthday yesterday, April 18. The first block was created on April 18, 2014.
Since then, Monero has built in many features that guarantee a high degree of security and non-traceability. For example, the hidden of the amount. And Monero does not link the account balance to users' public addresses. Dash, Zcash, GRIN and Co are more open. XMR has developed well since its introduction, both in terms of its popularity and its technical power. Monero continues to be one of the largest blockchain projects in terms of market capitalization. The XMR price is currently around USD 70. The price of XMR has recently started to rise significantly. It has risen by 51 percent in the last three months.
Announcing XMR's fifth anniversary, a Monero core team member said the project is focused to guarantee privacy. And... Privacy is a fundamental human right.
The project has continued to make technical progress lately. In the fall of 2018, Monero developers activated zero knowledge proofs in their blockchain. The development makes XMR transactions around 80 percent smaller and thus significantly cheaper. In combination with the activation of bulletproofs, the data protection functions of the blockchain are probably the most advanced in Cryptos.
Fungibility is the core of Monero's privacy. Just as Fiat notes of the same type are virtually indistinguishable, XMR coins are indistinguishable. Other currencies cannot.
XMR is faced with growing competition, as other currencies also rely on anonymity. But Monero is and remains the number one with five years of experience and advantage.
Fibo gives us the long-term goals here ...
0.236 (0.019 btc) 50%
0.382 (0.031 btc) 150%
0.5 (0.04 btc) 220%
1 (0.079 btc) 500%
1.618 (0.128 btc) 900%
Let's see what happens. Happy trading. :-)
Links:
XMRBTC
XMR/BTC Long termFinal target for XMRBTC to settle (in my opinion) is 0.16 (current 0.0130)
XMR has the potential to be the number 2 Crypto currency. 1) Bitcoin 80% 2) Monero 16% 3) T.B.D 3.2% etc.
A must long-term hold for every self-respecting digital asset investor.
An interesting analysis to read from SATIS Group: research.bloomberg.com
Strengths
Strong development . Third highest code contributor count (547+ all time developers), led only by Bitcoin and Ethereum. Utilizes bug bounties. Has been attacked multiple times, making it stronger each time. Sound and battle tested CryptoNote codebase.
Privacy . Obfuscating every layer of the transaction (sender, receiver, and amount), Monero seeks to find the right balance between absolute privacy and usability.
Highly researched and peer-review focused . Uses proven encryption protocols to maintain privacy for the network and its users. Also has its own independent Monero Research Lab which sends new developments through formal third party auditing before implementing into Monero code.
Active community . 23 repositories in the Monero Ecosystem. 340 repositories on the Monero topic. 200+ active contributors to the Monero code. Workgroups ranging from general community organization, research, translations/localization, outreach, hardware wallets, and event planning. Fixes problems quickly and effectively establishes consensus on important decisions.
Fixed supply and stable emission curve schedule of 0.3 XMR per minute, so a rise in demand could see appreciation for the long term and it incentivizes miners to secure the network indefinitely. Is a great alternative to blockchains that will depend on fees to secure their network longterm. Also creates stable, predictable inflation which supports good economics.
ASIC resistant proof of work consensus algorithms acknowledge the centralization issues inherent in a small group of companies manufacturing most of the world’s ASICs. The Monero community has established consensus to resist ASIC mining until ASICs are commoditized and accessibility problems improve. This currently makes mining Monero something that is accessible to anyone with a CPU.
Great communication with exchanges, wallet providers, community, investors, miners and the public via Reddit, Twitter, GitHub, and their mailing list. Communicating network upgrade requirements and critical updates and notices. Additionally, they provide full logs of development meetings going back as far as 2016.
Usability . Desktop GUI wallets are available and relatively easy to use for Windows, MacOS, and Linux. User friendly mobile wallets are available on Android and iOS. Hardware wallet support on the popular Ledger and Trezor wallets. Monero community has also funded development of an open-source hardware wallet.
Governance of the Monero project is decentralized The core developers are all individuals spread throughout the globe, rather than being part of a single entity. They communicate transparently and attempt to find consensus among the community before major decisions are made. So far they have not abused their powers and have not given any reason to believe they would. Critics have argued it’s not decentralized enough, but compared to other major cryptocurrencies it is among the best.
Auditable by choice . Unlike Bitcoin that has a transparent blockchain and can be audited by anyone at anytime, Monero can be audited only by choosing to share its private view keys, allowing auditors to confirm an individual’s amount of Monero and giving individuals and businesses the power to control when they choose to share their private financial information.
Accessible and acceptable through dozens of exchanges and a number of payment gateways. Accepted by a long and respectable list of merchants. See official website and Project Coral Reef for examples.
Public . The lead maintainer, Riccardo Spagni, is not afraid to show his face in public. This is also true of many of the most active community members.
Business Oriented . Many developers and community members have built and are building businesses around Monero to enhance the ecosystem.
Scalable . Dynamic block size limit depending on network demand allows for automatic scalability.
Decentralized and Global . The Monero community and its developers are made of individuals from around the planet and has an incredibly active Localization/Translation system that produces Monero content and services for a wide range of languages around the world.
Future Oriented . Monero’s community has donated to fund development of decentralized network-traffic hiding tools that will allow users to hide their location and IP address. The Monero Transmissions Lab also aims to brainstorm solutions for future off-grid or off-main-net Monero transactions, using open-sourced protocols and infrastructure for satellite and mobile ad hoc mesh communications.
Savvy and Dedicated Community . Monero’s online community is known for its no-frills attitude and has consistently demonstrated the depth and breadth of its knowledge-base by contributing to online forums, research, lectures, and other cryptocurrency related developments.
Funding Model . The large number of donors is evidence that a systemic funding channel like a mining tax or premine was never essential for Monero’s technical progress. However, some critics also view the funding model as a weakness. See link below.
Talent Magnet . Monero has attracted several talented individuals who contribute to its code and ecosystem. A notable example is Howard Chu, Founder and Chief Architect of Symas Corp. and former technician and consultant of NASA’s Jet Propulsion Laboratory who supported Shuttle missions as a lead software engineer.
Source and continuation of this swot: www.monerooutreach.org
Good luck.
XMR/USDT MONERO UPTREND DONT MISS IT EASY PROFIT !!!Hello guys.
Welcome to Technical Analysis on MONERO (XMR) which is one of the next big things (not judging by the rumors), but technical and fundamentals.
After Zcash it's a second best privacy coin made.
We have seen Monero is sidewalking since December, pretty much at the same range (0.0120-0.0135 sats), but since volatile as usual, #XMR will gain masin coming days.
Lets rollback at the beginning.
Lowest low on XMR was 0.012 BTC/XMR in August, November and December last year.
Since than, as per technicals and either TA or FA analysis continually bullish as sidewalking, but keeping the trendline.
Judging as per technicals :
Weekly oversold, monthly oversold, yearly... :)
Stochastic RSI is uprising on weekly /(looking very sharp on daily basis), Daily Stoch RSI on very bottom in front of daily bullish cross.
MACD confirms bullish momentum.
When talking about fundamentals, there are roomors that privacy coins will be more and more popular in time.
Speaking of that and having on mind XMR bulletproof fork which brought siginificant improvements as :
To hide the amounts of a transaction one needs to provide commitments to values instead of the values themselves. These commitments need to ensure certain properties, the most important of them being that the sum of the outputs is not larger than the sum of the inputs. In other words, if a transaction has two inputs A and B and two outputs X and Y, we need to show that A+B - (X+Y) >= 0 without revealing any of the values. This is not a very hard problem in principle, but it becomes hard when your system is susceptible to overflowing. This occurs when numbers are stored using a fixed amount of space, and means that if a number becomes too big it will simply disregard the most significant bit. Then, an attacker could choose very large values for X and Y, making A+B - (X+Y) >=0 because overflowing, while in reality A+B - (X+Y) is far less than 0.
To overcome the problem above people use range proofs, which basically prove that a commitment correspond to a number in a certain range, but without revealing the number. This way, an attacker cannot use very large numbers. Unfortunately, these range proofs require (if I understand correctly) a separate ring signature for every bit of the number, making them particularly heavy in terms of space.
Bulletproofs are a replacement for range proofs that use far less space. I do not have a good understanding of the internals of bulletproofs, so I cannot explain them and this comment
However, Zec is a carrier of ZK Snark protocol (Zero Knowledge) it allows anonymity or transparency in the same time/upon users choice (with further network upgrades), but has 100% obfuscation, (as bulletproof fork on XMR, only even better).
Speaking of XMR (Monero), JP Morgan refused XMR in favor of ZEC considering it only valuable asset for 100% private transactions.
There is a rumor also that ZEC will be @SwissBANK 21.century currency, but its too early to talk about it.
I would like to clarify one thing for the people who say " BTC is the KING" and other nonsense stories.
Biggest run of XMR was from 87 to 450$.
One more important thing to add is that we need to understand where Bitcoin is going in order to understand how altcoins will behave, because i've seen bunch of people posting wishful thinking TA's in order get followers.
XMR in the meantime during Bitcoin consolidation and run uptrended for 30% over Bitcoin .
That would be 43% nominal USD gain (if you have invested 100$ on btc 4000 XMR current price), you would have 143$ worth of XMR since exponential growth and ratio change.
Now, after B is pretty much stable on 5000$ range +, expecting XMR to shoot up as it does making over 100$ per XMR (as making parabolic slope upwards) and makes huge gain.
If you find this TA and FA usefull, feel free to press like and follow.
Constructive comments are welcome, ideas and every type of criticism of course.
Don't hesitate to leave your comment in comment section.
Good luck and happy trading :)
XMRBTC breakout coming soonWell, the weekly BBands are extremely narrow in XMRBTC. So a breakout seems likely.
Even though we are a bit overbought on the weekly timeframe, the monthly says that there is huge upside potential.
Stoch RSI has been oversold for a very long time now, and this together with the BBAnds, imho favors the upside.
Now USD-wise, of course, much depends again on BTC. Nevertheless, it is interesting to see the there is room to grow for Monero compared to BTC.
As with the other altcoins, new USD highs only after 2020, when BTC reaches new highs.
Monero Full Long Term Trade [XMRBTC](139% PP)Welcome to this updated analysis on XMRBTC Let's get right to it!
Would be equivalent to a rise of 139% Therefore, if 0.013039 can hold support line
A breakout above the trend line would cause XMRBTC to rally to about 139%
I expect to see a breakout to the upside.
XMRBTC Targets:
0.012765
0.013807
This information is to be used for educational purposes only
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MONERO UPDATE XMRBTC - XMRUSD - XMRETHXMRBTC
XMRBTC decline after hit our previous analysis resistance.
right now we have pullback at channel up support trendline.
We can buy XMRBTC at 0.01296642 and aim for 0.01491763 for temporary target.
If we look at daily timeframe, we have very large projection at XMRBTC
XMRUSD
XMRUSD break up our Previous analysis target and perform channel up right now.
to follow bullish we can buy right now or wait at fibonacci support at 59 with target projection at 86
XMRETH
XMRETH perform ascending triangle pattern, we can buy this coin at 0.394 with target at 0.543
Previous analysis :
Prepare to buy moneroWe still need one confirmation level to buy monero. We will update this analysis once we have that signal.
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XMR LongCrypto Trend Analyzer turned bullish on the daily chart
RSI is raising
Stoch Rsi is raising
XMR forming ascending triangle.
Entry, target, and SL are on the chart.
Let me know your thoughts on this trade
FYI - Not a financial advisor.
Just some Monero long term levelsI wanna see it go above this local resistance, otherwise it would be boring >:(
I have a bag, not because the technicals (meh), but because of the fundamentals
Let's see how it plays o u t
Weekly Crypto Update on BTC & Interesting Alts - AaronX Weekly Crypto Charting update, In this video I go over weekly & daily trends Bitcoin & Several Altcoins.
We have seen a significant increase in momentum since 2019 started.
People are still trying to short which gives bulls a chance to liquidate shorts.
Watching for that BTC SPIKE :")
Sorry about the audio glitches but you can hear me for the most part.
XMR (Monero) | 143%+ Potential Profits | FREE TRADING SIGNALPair: XMR/BTC
Exchange: Binance
Trade Duration: Medium
Risk: Low
Introduction
Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy and decentralisation that runs on Windows, macOS, Linux, Android, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.
Technical Analysis
- Bullish Chuvashov fork
- RSI Bullish divergence
- Higher lows
- Good volume
Fundamental Analysis
- Hardfork (March 9th 2019)
Our Entry Zone
0.01200 - 0.01344
Our Targets
1: 0.01409
2: 0.01550
3: 0.01815
4: 0.02200
5: 0.02915+
Our Stop Loss: 0.01149
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Comment your thoughts below.
And most importantly, enjoy your day!
Axsonex Team
------------------------------------------
DISCLAIMER:
Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due-diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page.
XMR MoneroSlowly but surely Monero is coming back. Weekly volumes turning good.
Don't think about fast gains in XMR but it's a Safe Long invest.
Buy now 12900ish or little less.
First Sell 14000ish.
if break up Second sell 16000ish.
Big resistance 17500ish.
Stop Loss 12400.
And as Always follow BTC trend.
Happy Tr4Ding !
$XMR Trying to break out from Symmetrical triangle and crossing
UCTS buy signal on the 1D
Volume increased over the last week.
Both RSI & MACD rising
Breaking above the EMA50 with volume can trigger the trade with 1st potential target at ~15300sats...
#XMR
XMR // Monero USD - OutlookHello traders, happy Sunday. I hope you all had a fantastic weekend. Today we take a look at XMR / USD Daily.
Price has recently formed a Demand Pivot on our Daily timeframe. Our Demand Pivot has formed upon our Weekly S/R level.
- This in turns shows strong confluence for a bullish push within the midterm for Monero.
- Our current key local resistance being at our Local Supply EQ @ $59.82. A solid break and close on HTFs above this area could lead the path towards a resistance area of $70-$75 USD for XMRUSD.
- We currently do not want to see price trade below or close below our Blue area around $47.50. This in turn would shift our bias to the bearish side with targets below $39 USD.
Bullish on XMR within the mid term as long as we do not close or trade below our Weekly S/R & Daily Demand. Bullish target @ our Upper Supply level @ $101-$106 USD.
Let's have a great trading week!
XMR alternate BAT patternOn the chart you can see alternate BAT pattern with XA projection 1.13. First target for this pattern is 0.382 fib. retracement A-D and the second is 0.618. I chose 0.618 as a first target, because it´s the highest propability that monero found bottom. Second target around 40% and than hodl.
IF YOU WANT STOPLOSS, PUT HIM BELOW LOW.