Coin of the day is Monero.
For the past months EOS was one of the most powerful competitors of Monero, luring many investors with newness and good relations with the government of China. It is natural that Monero community overflows negative moods about EOS, which, in truth, have solid logic in themselves.
The main idea behind Monero is to be a secure private untraceable digital currency that is available to all, that in one way or another denies cooperation with government bodies. “Cyberpunk and decentralized spirit”
In its client-oriented style, Monero had a confrontation against Chinese miners and was forked so that China ASIC producers did not dominate the entire market.
Monero course goes in contrast to EOS (recently Ranked 1st, Bitcoin 17th in China’s Updated Crypto Ratings) which tends to cooperate with China government, at least they state that they are developing a model to meet the requirements of the Chinese regulator.
Quote from Reddit post by one of Monero users: “EOS changes its game very soon it has just become one of the greatest enemies of Democracy and Freedom”
Monero and other privacy coins strongly suffer from the intentions of many countries to fight or even ban them (ban by Japanese government etc.). Nonetheless, the confrontation with the system also suggests that Monero hits the right spot and in the future will contribute to the privacy rights of internet users.
Technicals
The downtrend was picked up at the 0.018 – 0.02 zone. March downtrend spent two weeks under the 0.02 psychological level but managed to return above it recently, showing the signs of a turnaround by breaking the Bearish Trend Line. Next resistances on the way up will be 100-days EAM and 0.024 level. From the downside 0.018 – 0.02 zone should stay supportive for the further development of the upward momentum.
For the past months EOS was one of the most powerful competitors of Monero, luring many investors with newness and good relations with the government of China. It is natural that Monero community overflows negative moods about EOS, which, in truth, have solid logic in themselves.
The main idea behind Monero is to be a secure private untraceable digital currency that is available to all, that in one way or another denies cooperation with government bodies. “Cyberpunk and decentralized spirit”
In its client-oriented style, Monero had a confrontation against Chinese miners and was forked so that China ASIC producers did not dominate the entire market.
Monero course goes in contrast to EOS (recently Ranked 1st, Bitcoin 17th in China’s Updated Crypto Ratings) which tends to cooperate with China government, at least they state that they are developing a model to meet the requirements of the Chinese regulator.
Quote from Reddit post by one of Monero users: “EOS changes its game very soon it has just become one of the greatest enemies of Democracy and Freedom”
Monero and other privacy coins strongly suffer from the intentions of many countries to fight or even ban them (ban by Japanese government etc.). Nonetheless, the confrontation with the system also suggests that Monero hits the right spot and in the future will contribute to the privacy rights of internet users.
Technicals
The downtrend was picked up at the 0.018 – 0.02 zone. March downtrend spent two weeks under the 0.02 psychological level but managed to return above it recently, showing the signs of a turnaround by breaking the Bearish Trend Line. Next resistances on the way up will be 100-days EAM and 0.024 level. From the downside 0.018 – 0.02 zone should stay supportive for the further development of the upward momentum.
