Monero - The Best Privacy Coin Im going to be breaking-down what I feel are the best long-term holds in each sector/category of crypto. This is the privacy sector. I will tell you the pros and cons of each project.
Monero
When looking at the chart for Monero, we can see that it looks very bullish. It has successfully broken out of & retested a long channel that it has been between for years. We can see that the last time Monero broke out of a multi-year channel it went on to rise 500%. Monero price action has been extremely steady compared to other cryptocurrencies over the years. In my opinion this chart looks very similar to XRP prior to it going from 0.40 to 2.50.
Pros:
Obviously Monero is the king of privacy coins and is the most used P2P crypto even more than Bitcoin.
Monero is what Bitcoin was meant to be, and as more concerns about privacy arise, Monero will garner even more market share.
Cons:
Tough to buy in some countries. Monero has been heavily supressed over the years, and is often delisted from Central Exchanges. Making it difficult to purchase.
All in all, this is not financial advice but instead just my opinion.
Thanks for viewing my post! And make sure to check out my other posts for the top crypto in other sectors!
