Monero (XMR) Crypto Review: The King of Privacy Coins
Monero (XMR): The Decentralized Privacy focused cryptocurrency with one of the best communities in the crypto world. I have always been a big fan of decentralization and privacy. Monero is like the godfather for all the new and upcoming privacy crypto coins. Often friends of mine find it hard to believe that famous cryptocurrencies such as BitCoin can be entirely traceable and not private at all.
I won’t be reviewing the Monero cryptocurrency tech wise as that is better left to the experts, but I will be evaluating Monero as a cryptocurrency investment. In the Monero review, I will be covering four key areas that I feel can be important before considering investing in a potential cryptocurrency.
The four key areas that I will cover are as follows:
* Monero (XMR) Introduction– what is Monero?
*Monero (XMR) Team- Who is behind this privacy-focused coin.
*Monero (XMR) Marketing– Do they market the technology well.
*Monero (XMR) Investment analysis- Is Monero a good investment?
Monero (XMR) Blockchain Review: Introduction
XMR Is one of the top 10 most popular cryptocurrencies.
Monero was built using the CryptoNote protocol, and it has a strong focus on privacy and censorship-resistant transactions.
It is a proof of work (PoW) cryptocurrency, so it is minable, and it has a large market cap that is currently worth $1,579,953,981. Monero has a circulating supply of 15,322,400 XMR.
The Monero team developers have been successful in meeting all of their roadmap objectives, and they still have many exciting updates planned for the Monero coin. You can view the Monero roadmap by clicking here.
Monero (XMR) Cryptocurrency Review: The Monero Team
The Monero project has been a collaborative effort and has had more then 200 developers contribute to the development of the project. Many of the active team developers can be found on the Monero webpage by clicking here.
The Monero project also has a list of important sponsors that have contributed to the project.
Monero can be purchased on many exchanges which is a good sign for a crypto investor as it means the cryptocurrency is widely accepted. The best exchange to use at the moment seems to be the reliable Binance exchange.
Monero (XMR) Crypto Review: Marketing Strategy
The Monero technology markets itself by providing crypto investors with a reliable decentralized currency that is untraceable.
Monero has been very active on Github lately which is always a good sign to see for crypto investors as it means that the developers are putting in work and implementing updates to the product.
The website is beneficial and assists with explaining the technical aspects of the cryptocurrency, safe storage, and getting started with mining Monero.
Unless you are willing to make a sizeable investment in a mining rig and have affordable electricity costs, I would recommend purchasing Monero from exchanges.
Monero (XMR) Crypto Review: Investment Analysis
With privacy still being a significant concern, I feel like privacy related cryptocurrencies that are reliable such as Monero will only increase in value in 2018.
At the moment Monero is trading well below its all-time highs. However, most altcoins have been affected by the recent Bitcoin surge and hard forks.
I expect Monero to increase in value as it rebounds to previous levels and with the cryptocurrency markets growing larger by the day coins such as Monero stand to benefit.
(As always please do your research before investing in crypto projects this review is my own opinion and is not meant to be taken as investment advice.)