Mark Fidelman at discusses the importance and relevancy of Monero and whether it’s a good investment opportunity.
This Week in Cryptonized! by PrimeChain, we analyze Monero, the most private cryptocurrency in the world.
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If crypto history is written by the winners, then this is the year for Monero (XMR) the anonymous crypto coin, to add its name to the ledger. As of this week, Monero has a market cap of $3.7 billion, trading at $237 and is the 13th largest cryptocurrency in the world.
Released in 2014, Monero has faced several challenges from governments and law enforcement around the world because of its non-traceability and privacy features that allow people to transact without oversight.
Sounds a lot like cash.
The Monero evangelists believe that the completely anonymous currency can revolutionize the global monetary system around the world. Because there isn’t a centralized authority (like a bank) there are no wire transfer fees, no multi-day holding periods, no risk of fraudulent chargebacks and it can’t be shut down by any one institution or government.