Expectations for the crypto market are huge this year in terms of both prices and mass adoption as well.
Monero (XMR) continues to range in the medium-term outlook, according to the latest reports coming from Smartereum.
A significant appreciation is possible for XMR
They reveal that $129 in the upper supply area of the range is still valid and $120 on the lower demand area sacrosanct.
The online publication says that profits can be taken is a good ranging strategy gets adopted during the period of consolidation.
The short-term trend forXMR is a bullish one and “The forecast for the calendar year is around $ 650. Furthermore, the five-year forecast is around $ 2000. This ensures that from the present level as well, the appreciation which can be attained in this cryptocurrency is significant,” according to Smartereum.
Monero just like all the other coins has fallen from its peak but this is not a terrible sign because it marks the best time that you can buy XMR.
XMR – centralized exchanges are a threat to the coin
The only threat to XMR is crypto regulation. Speaking of regulation, we recently addressed a stringent issue that XMR could be faced with in the future.
Monero is also at severe risk of getting shut down.
The dangers of centralized exchanges basically mean that there’s a possibility that in the future, these will decide to ban digital assets such as Monero. The reason would be a push coming from regulatory authorities.
Atomic swaps are the best solution
A viable solution to prevent this from happening would be Monero to integrate atomic swaps.
The ability to atomic swap kills the need for centralized exchanges.
Atomic swaps imply the fact that transactions and trading from one currency to another are made are extremely high speeds without the need for validation coming from third parties.