Throughout the last 7 weeks since the beginning of the geo-political turmoil, XMR has continued a steady, albeit slow, predictable rise through all manner of chop coming from BTC and ETH. You can even see large parabolic downshifts in which -within a matter of hours, or a couple days- Monero returns to the exact same trend, as if nothing had ever taken place. I am currently working on a video about this overall positive Monero trend going on; with that being said, Monero is incredibly undervalued right now.
to be honest real value is 70$ :D its to overvalued right now in my opinion.
TrendlineNoob
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Will most likely be hovering around 1000 by year end which would put it in top 20 easy
FutureAmericanExpat
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@BeyondCryptos, Wow. it's insane to me that Monero isn't in the top 20 anymore. I remember when Monero was a top 10 coin. Possibly even top 5. I'm old.
TrendlineNoob
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@FutureAmericanExpat, Price suppression, BTW on the 18th there's supposed to be a monero bankrun from CEX's search (MONERUN telegram), we'll see what happens, anyways it's nice it's still cheap for guys late to it like me at 100$+ but considering the supply of only 18 millions with tail emissions only minting about 150k a year, and yeah i think it was top 5 at a certain point, someone took a screenshot somewhere on the internet ^^
FutureAmericanExpat
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@BeyondCryptos, well it was definitely a top 5 back in the day, anytime before deFi exploded in the summer of 2020. When deFi exploded, the crypto ecosystem became A LOT more complicated-- in a good way though. It was the natural progression of decentralization. EDIT: (I've always been "MONERO MASTER RACE" though dso-to-speak haha. It's only a matter of time before Monero and it's forks like Dash and Zcash have themselves a Dec 2017 moment... and w/ the current geo-politics, I think we're nearly there.
TrendlineNoob
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@FutureAmericanExpat, Hmmm I think DeFi was mostly Ethereum based and I can't say that everyone pulling the strings at Eth has the publics best interests at heart but that's another debate. As for Monero, yeah it seems to be the gold standard in terms of privacy, specially when Zcash devs openly admit on twitter that they're putting government back doors in their code.
FutureAmericanExpat
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@BeyondCryptos, pulling the strings at ETH? Gov’t back doors? Woah there buddy, you sound more paranoid than I am!
Look up the difference between zkSNARKS and ring signatures.
I’m a purist. I’m old school. Monero is the only way. It is divine in its sheer simplicity.
FutureAmericanExpat
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I'm throwing a comment on this one myself.. For some reason it hasn't gotten a single like or comment which is bizarre. Wanted to get back to this one because I feel there is FAR MORE INFO on my whole chart for Monero. You'l see that title "balkan rainbows", for my saved chart that I use as a template for almost everything I do... That "balkan rainbows" system that I engineered for myself and my math-- it all originated here with Monero. Monero was truly like my sandbox testing ground for trading crypto... --I mean this was back in like 2017-2018 coming off of FOREX but still.
Being a data/comm security tech for much of my life, I have a lot of fundamental and technical love for Monero (the Monero ring signature, and the Monero blockchain in general is a true masterpiece of cryptography...
Truly a masterpiece, and I don't say that lightly.