P_S_trade

XMR 3D Coin anonymity beckons to it

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BINANCE:XMRUSDT   None
Monero is one of the few old-school crypto coins that has not yet made a solid correction in almost a year of growth.
For completeness of the picture, the history of the coin price movement for the last 3 years was schematically added.

In fact, XMR attracts users through its anonymity. Especially, users from the Asian region, because according to Coinmarketcap, about 20% of XMR's trade turnover is concentrated on the HBTC crypto exchange.
The remaining 80% of the trading volume is scattered across over 100 crypto exchanges. For example, on the largest exchange Binance, only 3.5-4% of the total XMR turnover. Even with this example, the Pareto principle worked out interestingly.

Also, interest in XMR was fueled by a hard fork that was in mid-October. As a result of the XMR hard fork, the speed of transactions when compressing information has increased, as well as the level of user anonymity.

The rise of the BTC value, as well as increased regulatory control in the crypto industry, will also drive demand for the anonymous Monero. And increased demand could push the XMR price to $205.

However, do not forget about the correction that the technical analysis requires.
If it starts at the current price level, then the XMR value could drop to $80.
And one more thing, do not forget about the rule: "The higher you rise, the harder you fall."
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Comment:
01/01/2021 Crypto exchange Bittrex announced that it will delist privacy coins Monero (XMR), ZCash and Dash on Friday, January 15, at 23:00 UTC.
the value of all coins plummeted

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