Monero Will Skyrocket: Here's Why
The monumental issue with the vast majority of altcoins is that there is often no clear investment thesis, resulting in confusion and losses. Although, one coin that rises above the rest is Monero, the king of privacy coins.
Most people involved in the blockchain industry are generally aware of Monero; however, the properties that give Monero its immense value are often overlooked. Thus, Monero has the potential to become a top 10 coin, if not even higher based on its fundamentals.
At the time of writing this, Monero is trading at $186, giving it a market capitalization of roughly $3.4 billion and a ranking of #38. This is impressive by itself, since most competitors aren't even close, however, I believe this is just the start of Monero's bullish future due to a number of factors.
As the second Trump administration prepares to take power, many are forecasting a policy landscape that starkly contrasts the anti-crypto sentiment of the previous four years under Joe Biden. As such, we can expect that Bitcoin will likely exceed its new all-time high of $108,000 in a relatively short time frame, which will give Monero a boost in its price.
Moving past the market environment, it's clear that Monero possesses several characteristics that give it a sizable competitive edge over coins like Zcash, which will propel it to higher prices. One such advantage is the fact that there is simply no chain that matches the level of privacy that Monero offers. Monero is so private that even the US government has been trying desperately to dismantle Monero's privacy, with not a shred of success.
Despite what many critics say, the fact that Monero has been delisted by major crypto exchanges shows that it is strong, not weak. In contrast, the team behind formerly privacy-focused cryptocurrency, Horizen, decided to reduce privacy in favor of not being delisted from major exchanges. While liquidity will naturally be lower for Monero, it will continue to attract an audience of privacy-hardened individuals who won't even look twice at weak competitors.
Nick Szabo, the genius computer scientist who I showed through extensive research to be the likely creator of Bitcoin, supports Monero due to its strong privacy and monetary properties. As more investors get exposed to Monero through experts like Szabo, price performance will likely continue to improve.
Additionally, full-chain membership proofs are coming, which will replace rings for privacy in the Monero protocol and effectively make it impossible for any person to be tracked. Regardless of the timeline for membership proofs, Monero's competitive edge will continue to bring it success both in popularity and in price performance.
For reference, if we were to apply Monero's price to Cardano's current market cap, it would be about $2100, an increase of over 940%. While arguable, I hold the opinion that Monero is a much stronger blockchain than Cardano in a multitude of ways.
The temporary lull in Monero's price during the Biden presidency can be best explained by anti-privacy sentiment, as well as instability in Bitcoin's price. Ultimately, the catalysts discussed here show that Monero has a bright future and should not be overlooked.
