Topic: Will Monero Reach $500 in 2019? - page 6. (Read 20282 times)
Nowadays a lot of the users have expressed doubts regarding the level of anonymity being offered by XMR. A few months back, rumors were going around that the United States Department of Homeland Security (DHS) is now capable of tracking XMR and Zcash transactions back to the individuals. Some of the DEA agents also claimed to be able to do the same.
I think it is possible
I said EOS will be above $7 soon, and now it is rising above 7 https://cmc.io/coins/eos
Everything is possible at such rises
I said EOS will be above $7 soon, and now it is rising above 7 https://cmc.io/coins/eos
Everything is possible at such rises
Well, that is a very good information to have. I never knew that and i totally agree with that. Once the mining will be done for it, then it can shoot in price and could be a very golden opportunity for investments.
Temporary monero can be regarded as ALtcoin with very good privacy. Monero prices may increase when Crypto is widely used!
In order for the price to become 500 dollars, the same bull rally should take place as at the end of 2017. You can expect a price increase in the autumn or winter of 2019.
Even with this gradual market growth, a greater task falls back to the team. That is, with the current price and this target there is a huge difference and unless the team will start advancing the platform they might not achieve that target. There is a lot of competition now in the world of privacy cryptocurrencies, big players are getting involved, and you know in the world of innovation, those with constant improvement always tends to be at the top.
To be honest, I'm not interested in this coin yet. The fact of the matter is that I got acquainted with the Veil project. And I think he can get to Monroe in price.
Monero is a privacy coin that uses Ring Confidential Transactions Technology, there are a lot of competition out there with the same ringct technology, the chances monero reaches $500 is not certain, expect team come up with an update.
There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.
Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.
Similarly, it can be predicted that the more finite Monero will become as a cryptocurrency, the more likely it is for the prices of Monero to shoot up.
You can find detail info also here: Monero Price Prediction
Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?
Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.
Similarly, it can be predicted that the more finite Monero will become as a cryptocurrency, the more likely it is for the prices of Monero to shoot up.
You can find detail info also here: Monero Price Prediction
Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?
The economic principle is indeed as you explained. The higher the demand, the more expensive the price. Likewise with Monero, the rest of their supply is running low, the number of cryptocurrency users is increasing every day. Of course the price of coins will increase. But sometimes we are just a tiori, not taking advantage of the opportunities. A simple example is if we buy Bitcoin or any coin in 2018, then in 2019 we become part of a billionaire.
Monero coin is a very promising cryptocurrency, the project team is very strong, and the community is quite large, I think that Monero reach the mark of $ 500 this year!
Although availability can lead to increased prices, I think the #1 reason Monero can reach $500 is because it's awesome.
There's a reason it has survived all these years and beat out all the other 100s of privacy coins.
It's simply the best.
On top of that, the monero blockchain has had stable and consistent devlopment.
It's never had to go through contentious forks like btc because the community backing it is so strong.
And now, it is the privacy coin of choice for just about everything.
So going to $500 is certainly possible.
After all, the best performing coins have shown that there is no limit to how high they can go.
There's a reason it has survived all these years and beat out all the other 100s of privacy coins.
It's simply the best.
On top of that, the monero blockchain has had stable and consistent devlopment.
It's never had to go through contentious forks like btc because the community backing it is so strong.
And now, it is the privacy coin of choice for just about everything.
So going to $500 is certainly possible.
After all, the best performing coins have shown that there is no limit to how high they can go.
MONERO is a good coin with much reputation.
But this one will reach the 500 USD and theres no doubt if and only IF BTC reached the 15,000 USD.
This is just a prediction for me, but i hope it reaches good price as i have some monero too.
But this one will reach the 500 USD and theres no doubt if and only IF BTC reached the 15,000 USD.
This is just a prediction for me, but i hope it reaches good price as i have some monero too.
maybe monero can reach the price of $ 500 in the future, but to reach the price of $ 500 this year it seems impossible, the price of monero
is very far from that price target, it takes a long time and the team from monero must work hard to develop in order to reach prices $ 500
is very far from that price target, it takes a long time and the team from monero must work hard to develop in order to reach prices $ 500
It is not unrealistic for monero to reach $500 but i doubt it will happen this year. The real bull run will happen next year when bitcoin does it's routine halving. At that point, when everything goes crazy, monero will go past $500 easily
The only advantage of Monero was the cpu mining. Since mining is not profitable, I do not think it will come to old prices.
Mining is just securing the network. The only real advantage of Monero is that is fungible, like any money should be. Mining of teh one with higher electricity cost will always be less profitable no matter what kind of mining it is. With RandomX, for what was just collected $100k for an audit from 3 different groups :https://ccs.getmonero.org/proposals/RandomX-audit.html there is a hope to forever or at least long time prevent ASIC from appearing on Monero network. We will see. What is sure is that Monero is always on top of everything that happens. Monero pushes barriers further. And do it as it should be done. It happened so with bulletproofs and now with RandomX.
This price is achievable but might not be 2019. No matter how limited a coin supply might be , it’s use cases and products importation are part of what will drive the price up except you are expecting a sudden pump which is not sustainable.
Comparing this target with the current price its hard to believe the coin will reach that target before the year ends. I think the pressing question should be what's the latest developments within the platform that can spike a good growth of the coin?
Investors like to see a project progressing and only then, can they invest. So the rise in price of Monero depends to an extent on the team.
Investors like to see a project progressing and only then, can they invest. So the rise in price of Monero depends to an extent on the team.
Although it's been long I checked on Monero, but one thing worth knowing is that, every platform that keeps advancing will always be valuable. If Monero team is still working hard to maintain their aims and objectives, then the price of Monero will keep growing, although might not reach that target but will show signs of serious growth.
The only advantage of Monero was the cpu mining. Since mining is not profitable, I do not think it will come to old prices.
Personally, I think that this year XMR will not reach $500, because the price at the moment is only $82, most likely the price will be a maximum of $200-300 this year
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