Monero (XMR) is potentially the world’s leading anonymity cryptocurreny. It is one of the most trusted privacy coin in the cryptocurrency. Since, its release in April 2014, Monero has seen an increase in its value. So far 2018 has been the best year for XMR reaching its highest Price of $494, 0.02940250 BTC and market capitalization of $7.69 billion in January.
According to the report by the Initial Coin Offering (ICO) advisory and research firm Satis Group, the largest mount seen in the entire cryptoasset market is in the Privacy sector. The network effects seen from the likes of BTC earlier on will be repeated within dominant coins here. Not only do XMR target the same large and lower velocity store of value market as BTC and other Currencies, it present a much deeper value proposition within those markets. The largest drivers of adoption within these networks will be continued pressure from capital controls, currency devaluation, and broader global turmoil.
Different governments and law enforcement agencies have had problems with monero. Especially, when regulators and law enforcement are making efforts to increase forensic penetration into public networks. Monero (XMR) do lack liquidity when compared to more commonly used Currencies but it excels in and push the extremes of each use case within Currency networks. But monero has always moved on despite the issues of governments and law enforcement agencies.
Monero is to capture the loin’s share in next 10 years. Monero will likely be one of bigger beneficiary including BTC. According to report, the Privacy market user base will most likely rely on networks that have more active codebase development, with XMR likely to capture 60% of usage.
In the report it is predicted that monero will have an increase in the price to $18,498 in next five years, $6,497 in next three years and price appreciation of about 38391% over the next decade, bringing the price to a massive $39,562 (up from its current value of $136 as of writing). The report also predicts that in 2019 monero will show a strong performance. Their will be a four-digit percentage increase in XMR price, which will take its price to $1476.
Why it is predicted that Monero (XMR) would show such a whopping increase in its price in next ten years? Well here might be the answer that Monero is cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity. Sending and receiving addresses as well as transacted amounts are obfuscated by default. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity. Monero is fungible as it is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.