Monero (XMR) Attracts Investors’ Interest And Will Soon Reach $1,000
Monero is currently on the watchlist of most investors and traders because of its many great features. For instance, the altcoin has the fastest block generation time of just one minute and it’s packed with lots of anonymity and privacy featured that are extremely appreciated in the crypto world. They’re powered by the CryptoNight 64-bit CPU algorithm. Monero is currently trading at $243.63 and it boasts a robust community of investors and developers.
Monero could reach $1,000 shortly
Monero is performing is a stable manner in comparison to its peers and the altcoin is currently placed on the 13th position regarding the market cap.
Even if Monero experienced a fall back in January, it managed to recover since that and it’s steadily going up towards its previous high of $494. The January dip was due to a market-wide decline in crypto values and the altcoin only dipped by 40% compared to other coins that lost double.
Investors can take advantage of the dip to purchase Monero because just by looking at the altcoin’s chart, you can tell that the altcoin can definitely sustain value over time. Monero manages to survive market crashes especially thanks to its massive community of investors and developers and it’s a great investment choice. Experts say that it could soon reach $1,000.
Monero’s POS system Kasisto is an innovative application
Kasisto allows investors, consumers, and traders to send and receive Monero via the innovative app called Kasisto. This is a digital Point-of-Scale and it will be used for making and receiving small amounts of payments in cafes, bars, and shops. The app is able to deliver payments in an instant, triggering high interest from developers. Kasisto was unveiled during the 34th Chaos Communication Congress and Room77 venue in Berlin, Germany is already using it.
Monero is trading at an attractive price and its innovations made in a bearish market are keeping it ahead of other cryptocurrencies. When it comes to anonymity, Monero has a lot to offer as well because it’s able to keep transaction details hidden which makes it untraceable. All these features make Monero an attractive altcoin for crypto enthusiasts especially for ones thirsty for increased security.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.