This is reply of your Question replied by " https://www.goldcruderesearch.com " Company Monero is the leading cryptocurrency with a focus on private and censorship-resistant transactions. The most popular cryptocurrencies like bitcoin and Ethereum have transparency in their blockchain. Which means the transactions through these cryptocurrencies are open to verifying and tracing by anyone in the world. Sending and receiving transactions through these currencies can compromise the real world identity of the person. In the case of Monero, it is different. As Monero uses cryptography to shield sending and receiving of addresses and transacted amounts. So you can easily do Monero mining because transactions are untraceable and cannot be identified. Monero also obfuscates the sending and receiving address and the transacted amounts. Which further strengthen the privacy and security.
What can we expect from prices of Monero in future? When Monero was launched in 2014. Its price against USD was around 2$. But, within 3 years it reached the USD price of whopping 150$, in between August’s last and September’s first week in the year of 2017. Right now the price of 1 Monero is 84.77$.
Monero Trading Signals: In terms of Monero technical analysis, the Monero signals are indicating strong sell as it is constantly dropping from the high of 0.036 Satoshi (sats). But it is expected that Monero may gain some key support at 0.018 Satoshis (sats). So the prices of Monero are expected to go up in upcoming quarter of 2017.
Why will It go up?As with all cryptocurrencies, the value is simply determined by the forces of supply and demand. The Monero Cryptocurrency is at an excellent place right now and is constantly growing. If the demand of Mero increases, then its prices will also increase. Some main features of Monero which are contributing to the increase in its demand are:
Gaining Popularity: When something gains popularity, its demand definitely rises. Same goes with the Monero cryptocurrency. Right now Monero has gained so much popularity that according to goldcruderesearch.com; it is in the list of top 10 cryptocurrencies and is growing continuously.
Super anonymity: The most prominent feature of Monero is its super privacy. The Monero coin is the leading cryptocurrency in terms of its privacy and that is one of the factors for its popularity and higher price.
Monero vs Dash: The race between Monero vs Dash has gotten pretty rough in past few days. But, due to the reason that Monero offers privacy, it has more chances of overcoming dash in upcoming months and when it does that. The prices of Monero will definitely go up.
Incredibly low transaction fee: Comparing to the popularity of Monero, its transaction fees are incredibly low. The transaction fee of Monero is even lower than the fee of Bitcoin. And everyone likes to save money, so Monaro has chances of being bought by more people.
Besides these factors, Monero has active developer team. Which is continuously improving the coin and adapting and implementing changes in the market so it may be viable for the long term. Which increases its chances of higher prices in future.
The Dash price could rise faster as the holders are quite rich.
