We’ve been getting a lot of questions in respect of Monero’s price performance against Bitcoin, most commonly –– why hasn’t Monero rallied more against BTC? Has XMR bottomed out against Bitcoin? And, “should I buy or sell”?
In an interview on Monero Talk’s MoneroTopia show, Mr. X gives a Monero Price Report and explains his reasons for feeling bullish on XMR.
Let me give you a hint:
The Monero Talk/MoneroTopia team recently ran into a guy in Puerto Rico who has been buying a lot of Monero. Over a million dollars’ worth of Monero to be exact.
Sounds positive doesn’t it? You see, people like this guy are buying Monero as digital gold, and the reason for that is because Monero, like gold, is fungible.
In terms of gold, this means that one ounce of pure gold is equivalent to any other ounce of pure gold. Monero’s fungibility on the other hand is linked to its privacy; in simple terms Monero has an opaque blockchain, which means its coins’ transaction history can’t be looked up, so one XMR will always be worth one XMR, no matter in which transactions it has been used in the past or in the future.
To find out more about what’s happening in the market, tune in to Monero Talk’s MoneroTopia Episode #4 interview with Mr. X from The Crypto Vigilante’s views and projections on:
· Why Monero is by far the most undervalued cryptocurrency in the entire market;
· Monero’s price break above the Ichimoku cloud of resistance;
· High-priced NFTs in 2021 that are reminiscent of CryptoKitties during the crypto bubble in 2017;
· Massive future gains because of XMR<>BTC atomic swaps; and analysis and outlook of
o Monero priced in Bitcoin (XMR/BTC pair); ando Monero priced in US dollars (XMR/USDT pair).
If you know Mr. X and The Crypto Vigilante, you know we’re all about giving sound fundamental and technical advice. What we don’t believe in is being a tribalistic echo chamber. Instead, we encourage anyone who is interested in cryptocurrency to step outside the echo chamber and do your own experiments, develop your own strategies, and examine different perspectives.
Having said this though, I have to add that Monero is one of the few coins all of us at The Crypto Vigilante and The Dollar Vigilante agree on. It’s among the few cryptocurrencies that are safe from capital controls and other regulations that may restrict its flow of digital transactions –– enabling untraceable, unlinkable, private, and analysis-resistant transactions.
Monero provides the world with an almost unimaginable level of privacy, something which will soon become an invaluable commodity even though not everyone has come to this realization. Just ask yourself: What price would you put on privacy?
Bottom line: Buy now as it won’t be this cheap for much longer.