Monero is a currency and can be exchanged for goods and services, privately and with very low fees.
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. This privacy feature has been one of the main reasons why XMR price could make a wild run.
The majority of existing cryptocurrencies, including Bitcoin and Ethereum, have transparent blockchains. Transactions can be verified and/or traced by anyone in the world. This means that the sending and receiving addresses of these transactions could potentially be linked to real-world identities. Monero, on the other hand, uses various privacy-enhancing technologies to ensure the anonymity of its users.
Confidential and Untraceable
Unlike selectively transparent alternatives (e.g. Zcash), Monero is the only cryptocurrency where every user is anonymous by default. The sender, receiver, and amount of every single transaction are hidden through the use of three important technologies: Stealth Addresses, Ring Signatures, and RingCT.
Monero cannot be traced because every transaction is private. This makes it a true, fungible currency. Merchants and individuals accepting Monero do not need to worry about blacklisted or tainted coins.
Let us review XMR Price
XMR Price Prediction
XMR is currently trading close to the resistance at $278. If it can break this resistance, we could start seeing a move towards $289, $304, $319, $340, $367 and $445. If it can consolidate above $445, we could start seeing a move towards $570, $696 and $774. Failure to break the resistance at $278 could lead to a drop towards $241 and $198.
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