Usdxmr
MONERO PREDICTION $700 by July 4th With the price of XMR on the bottom of the channel and moving into an uptrend channel this week with a MACD bullish crossing I thought it would be a good time to give my sense for the coming months in XMR.
Our prediction is $700USD / XMR by July this year
1) Monero has placed itself in a class of its own becoming ASIC resistant. Investors currently seeking to diversify their holdings will place some holdings in this newly defined class to hedge against systemic failures in the world of ASIC coins such as the ANTBLEED BUG found earlier this year.
2) Trezor has announced that XMR will be included in the wallet in upcoming updates. Many investors have been intimidated by Monero and will get in once support is added to their favorite hardware wallet.
3) Tari will become the ETH killer built on Monero something that will draw enormous capital flow without tying up the network with bloat that is currently affecting ETH by employing use of sidechains. I expect to see huge jumps in XMR as the go to solution for ICOs, tickets, equity crowd funding and most of the unregulated securities we see today will trasfer over to these more secure private alternatives to protect themselves against unwarranted strict regulations in some areas of the world.
4) Bulletproofs will make the Monero block chain much more manageable in size by reducing blockchain bloat making scaling less of an issue
New Monero XMR prediction ~ $5560 USD in 2018If as I predict XMR will reach the top 3 crypto currencies in 2018 it would have to have a market cap similar or greater to the Market Cap of XRP (ripple) at the moment of writing USD$86,629,637,881
If this is to come to pass the price of 1 XMR would rise to ~ $5559 USD (86,629,637,881USD divided by 15,582,824XMR)
This is an increase of 5129USD
Or, as a percentage :
an increase of 1192.79%
The bans and taxes on mining in China and restrictions on cryptocurrency use will only continue to push users and then investors towards well designed privacy coins.
Bitcoin is Gold, Litecoin is Silver and Monero is Digital cash
The ramifications of a $6000 dollar Monero would be huge it would mean nearly anyone anywhere could mine profitably with whatever hardware they have on their desktop/laptop. Browser miners would finally become a lucrative way of serving up content without ads and the overall distribution of the Monero would be fairer and more stable than any other currency on the market because ASICS will not exponentially increase difficulty making widespread adoption of Bitcoin and other currencies difficult.
