Monero Review: Why XMR NEEDS Your Attention
Hey Guys,
If you guys have been scouting CMC recently you will have noticed that Monero has been climbing up those rankings. XMR is currently at the highest levels it has seen since 2018.
This is even more surprising as it seems that Monero is been targeted by numerous federal agencies. For example, the DOJ has recently taken aim at anonymity enhanced cryptocurrencies (AECs). You also had news that IRS is paying firms to crack Monero.
So, what the hell is going on here?
Well, I think that the mere fact that these agencies are threatened by Monero is a bullish sign. They are clearly struggling to crack it - otherwise they would not have outsourced it.
Now, while they may want to try, I somehow think that they are going to struggle. This is thanks to Monero's cutting edge privacy tech. If you guys don't know what I am talking about, I made a handy video on it about a year ago that should help:
https://www.youtube.com/watch?v=SDY66WNuXbw
There of course a number of other bullish on-chain indicators at play. You have a near all time high when it comes to hash rate (thanks to RandomX) and you also have record highs in terms of total transactions (thanks to bulletproofs).
I think there is a lot more upside here and I will be doing an updated video on Monero in the next few days. I just wanted to give you guys with some of my quick thoughts on it 😉
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⛓️ 🔗 Helpful Links 🔗 ⛓️
► Website: https://web.getmonero.org/
► CryptoNote Whitepaper: https://cryptonote.org/whitepaper.pdf
► Source Code: https://repo.getmonero.org/users/mone...
► Kovri: https://repo.getmonero.org/users/mone...
► RandomX Info: https://medium.com/luxor/monero-rando...
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
