With the price of XMR on the bottom of the channel and moving into an uptrend channel this week with a MACD bullish crossing I thought it would be a good time to give my sense for the coming months in XMR.
Our prediction is $700USD / XMR by July this year
1) Monero has placed itself in a class of its own becoming ASIC resistant. Investors currently seeking to diversify their holdings will place some holdings in this newly defined class to hedge against systemic failures in the world of ASIC coins such as the ANTBLEED BUG found earlier this year.
2) Trezor has announced that XMR will be included in the wallet in upcoming updates. Many investors have been intimidated by Monero and will get in once support is added to their favorite hardware wallet.
3) Tari will become the ETH killer built on Monero something that will draw enormous capital flow without tying up the network with bloat that is currently affecting ETH by employing use of sidechains. I expect to see huge jumps in XMR as the go to solution for ICOs, tickets, equity crowd funding and most of the unregulated securities we see today will trasfer over to these more secure private alternatives to protect themselves against unwarranted strict regulations in some areas of the world.
4) Bulletproofs will make the Monero block chain much more manageable in size by reducing blockchain bloat making scaling less of an issue
Our prediction is $700USD / XMR by July this year
1) Monero has placed itself in a class of its own becoming ASIC resistant. Investors currently seeking to diversify their holdings will place some holdings in this newly defined class to hedge against systemic failures in the world of ASIC coins such as the ANTBLEED BUG found earlier this year.
2) Trezor has announced that XMR will be included in the wallet in upcoming updates. Many investors have been intimidated by Monero and will get in once support is added to their favorite hardware wallet.
3) Tari will become the ETH killer built on Monero something that will draw enormous capital flow without tying up the network with bloat that is currently affecting ETH by employing use of sidechains. I expect to see huge jumps in XMR as the go to solution for ICOs, tickets, equity crowd funding and most of the unregulated securities we see today will trasfer over to these more secure private alternatives to protect themselves against unwarranted strict regulations in some areas of the world.
4) Bulletproofs will make the Monero block chain much more manageable in size by reducing blockchain bloat making scaling less of an issue
