And those who did know thought that it was all about Bitcoin and Ethereum. But as progressed, cryptocurrencies boomed more than anything ever seen before.
Many new cryptocurrencies became a part of this success story, Monero is one of them. Monero performed extremely well in and many investors are wondering whether it will be repeated in Those of you who are also questioning the future of Monero have come to the right place. I will share the top Monero predictions and in this guide. I will also cover the basics of Monero and its historical price trends so that you have a good understanding of what this cryptocurrency is capable of.
By the end of this guide, you should have a good understanding of the Monero future. In addition to using this information, I also recommend that you consult a financial advisor before making any investment decisions. Monero is a digital currency built using blockchain technology. Like Bitcoin, Monero can also be used to send or receive payments.
So, how is it different from Bitcoin and other cryptocurrencies? Monero was founded in , with a focus to improve on the lack of privacy in Bitcoin. When you send Bitcoin to someone, everyone can see who the sender and the receiver is, and how much the transaction is worth. And in the world of Bitcoin, your public address is your identity. Not only that, but everyone can see all the previous transactions in which a particular Bitcoin was used.
So, if a Bitcoin that you hold was used in illegal trade in the past, someone can refuse to accept it from you. This is different from how Monero transactions work. When a Monero transaction takes place, the identity of the sender and receiver remains private. Also, Monero transactions cannot be linked to each other. Every Monero transaction is private, unlinkable and untraceable, just like physical cash. This is what Monero brings to the cryptocurrency transactions — it offers you privacy.
Which has proven to be an attractive feature for some! Monero did not see much action for almost 2 years after it was founded in It started to gain popularity around mid and , which was the year it showed a great performance. Many believe that this was caused by the rising popularity of Monero in the illegal trade market. This is because of the identity and transaction privacy offered by Monero.
In August , the darknet market site Alphabay started accepting Monero as an alternative to Bitcoin. Bithumb opened the exchange to Monero trading in August 7, which increased the accessibility of Monero for investors.
As you can see, there is a wide range of factors which can impact the price of Monero. These price of Monero and most cryptocurrencies usually relates to new technological developments and media hype. Now, predicting the price of Monero or any other cryptocurrency is quite difficult, even for experts. Cryptocurrencies have been known to perform in unexpected ways. But what I can do is share with you the Monero price prediction for and , which will help you decide whether Monero is a good short-term or long-term investment.
Technical Analysis: Using historical price trends, and trading volume trends, to predict the future of Monero. This task is performed by software which applies complex mathematical functions to the historical data. One website that performs cryptocurrency technical analysis is Walletinvestor. Check out the screenshot below to see what the future of Monero looks like, according to their technical analysis.
Well, this price prediction seems to be within that range and a little more realistic than the previous one. There is no doubt that Monero stands out from other cryptocurrencies because of the privacy it provides. Many experts believe that this one feature could take Monero to great heights. According to a Monero price prediction by oracletimes. It further states that Monero could offer its investors up to 10X returns in Based on these Monero price predictions, looks like it could be a good year for Monero.
Apart from the fact that it offers privacy, there are several other benefits to the Monero project. Which I will cover a little later in this article! Before that, it is important for you to understand the long-term predictions of Monero. So, I will now show you some of the top Monero price predictions Cryptocurrencies can increase or decrease by large percentages in the space of a day.
This makes it difficult to predict long-term prices of any cryptocurrency, with Monero included. This is another website that provides very short-term to long-term price predictions for cryptocurrencies. According to longforecast. John McAfee is one of the most well-known experts and influencers in the cryptocurrency market. His tweets and comments about cryptocurrency can have a direct impact on its price. While John McAfee has not given an exact Monero price prediction, he has said that Monero has the potential to challenge Bitcoin as a leading cryptocurrency.
He has been very vocal about his support for Monero in interviews and on Twitter. So, it might seem like a good investment, but there are many things that could impact its price in the future.
After all, we have a long way to go until Looking back at the past years, the least I can say is that the cryptocurrency market has been quite unpredictable. Generally, the cryptocurrencies with the best technology and the strongest team are those that succeed the most. This has proven to be the case with coins such as Ethereum, Litecoin, and Ripple. While you and I may not agree about Monero being used in illegal trade, this factor is increasing the demand and the prices of Monero.
Hardware wallets are very important for any cryptocurrency as they are the safest way to store them. Both the Monero community and Ledger are working on a hardware wallet for Monero. Note: Ledger is one of the most reputed and popular hardware wallet companies for Bitcoin, Ethereum and many other cryptocurrencies.
The technology of all cryptocurrencies is still in the early stages. Most of the cryptocurrencies that are around today are constantly being worked on and improved. And Monero is one of the cryptocurrencies that is doing exactly that! They are also working on improving the scalability of Monero. There has been a flood of cryptocurrencies since , but Monero has continued to survive currently in 11 th place! This shows that it is a valued coin by a lot of investors, and it could stay this way.
These are the key factors that will attract investors to Monero going forward. As the cryptocurrency market becomes more mature, people will want to invest in the coins that have proven themselves as top cryptocurrencies. Which Monero has done over the years. Personally, I think Monero is here to stay and has the potential to offer good returns in the long term.
One thing is clear: An increase in the number of regulations will lead to a decrease in the prices of cryptocurrencies some more than others. However, regulators might try to stop its usage in the illegal trade meaning that Monero could be affected more than others.
If regulators decide to ban Monero, then it could not only lead to decreased price, but also to a complete crash. Yes, Monero is one of the oldest cryptocurrency when it comes to providing privacy, but it is not alone anymore. An increasing number of options for privacy-based coins could divert the attention of investors away from Monero, and towards the newer options.
These are two important things that you need to keep in mind before you invest in Monero. And always keep up to date with news related to cryptocurrency regulations. What do you think? Now you have a clear understanding of what Monero is and how it is different from other cryptocurrencies like Bitcoin. You also know the top Monero price prediction for and Of course, with all cryptocurrency investments, there is the possibility of making good profits.
So, now that this guide is over, what do you think about Monero? Is it worth your investment? Save my name, email, and website in this browser for the next time I comment. Error, failed to subscribe. If problem persists contact site administrator. Read more. All courses Interactive courses Sign up Free. You may also like.
December 18th, December 11th, Updated: November 15th, Click here to post a comment. Our TOP 5 Reads: 1.
Do you like earning regular dividends as passive income? Do you like holding good crypto coins? If your answer is affirmative, we have similar strategies to make money in the cryptosphere. You can learn them today by reading this article. The strategy is simple — identify good coins that reward you in one way or another for holding them.
Cryptocurrencies have performed debatably inyet are continuing to attract new investors in However, most beginners have difficulties finding the best cryptocurrency to best exchange cryptocurrency reddit 2020 in I understand how confusing it is when you first begin looking for new cryptocurrency investments.
So, are you also looking for the next cryptocurrencies to invest in ? Well, wonder no longer! The first cryptocurrency, Bitcoinwas invented back in That best exchange cryptocurrency reddit 2020 just the beginning though, and nobody really knew about Bitcoin until Additionally, no one even thought that it might become the best cryptocurrency to invest.
However, since the cryptocurrency market has seen huge growth — growth that has been hard to ignore. This market has experienced a vast growth of such skyrocketing mattress companies as Casper or Nectarvery similar to Bitcoin and Ethereum rising in the digital world.
There source now more best exchange cryptocurrency reddit 2020 different cryptocurrencies, all created in less than 5 years.
Market cap: The total price of all coins added. There are other cryptocurrencies that have entered the space, such as Ethereum, Litecoin, and Ripple. All of these have performed incredibly well over the last year and are the best cryptocurrency to invest in. The following chart from CoinMarketCap shows the growth of cryptocurrencies over the years. Best exchange cryptocurrency reddit 2020 are a lot of things being said about the future of cryptocurrencies. It is difficult to predict the future of cryptocurrencies, but what I do know is that the popularity of cryptocurrencies is only increasing.
One of the reasons why cryptocurrencies are becoming more popular is because of blockchain technology, which is the main technology behind all cryptocurrencies. Blockchain best exchange cryptocurrency reddit 2020 is the next big thing — it is secure, trustless technology that was first used by Bitcoin.
Instead, you can learn how to invest in the cryptocurrencies that use blockchain which is all of them! Are you ready to find out about the next cryptocurrency to invest in ? It is the oldest cryptocurrency and it still dominates in the market. So, if Bitcoin continues to increase as it did inthen investing in Bitcoin might be a good idea for The price of Bitcoin changes a lot every day and has seen many highs and lows over the last few years.
Take a look at the following chart and you will see just how much the price changes. With the price changing so much in such a short space of time, how do you decide what the best time is for investing in Bitcoin?
Well, we can try to find the answers by looking at some important past events — when the price went up or down by a large. If you want to invest in Bitcoin then you need to stay up to date with the latest news and trends around Bitcoin. When news is released about a new technical improvement, you might want to think about buying Bitcoin.
If there is a huge fall in price of Bitcoin, then that too might be a good time to buy Bitcoin because you can buy it a low price. If you have already decided to invest in cryptocurrencies, then it might be a good idea to start by investing in Bitcoin. Even though you have missed the first major opportunity to invest, investing in Bitcoin could still be a good idea. It all depends on whether you believe in the future of Bitcoin.
If you believe in it, you should think about investing in it. Well, the truth is, nobody knows! However, the following information should help you decide whether investing in Ethereum is a good option for you. The chart below shows how Ethereum has grown over the last few years.
Below are the key events that have most affected the price of Ethereum in the past:. Unlike Bitcoin, Ethereum is not just a digital currency. It is a more advanced blockchain project. Imagine that you would like to build a blockchain-based solution for managing the supply chain of your business.
Ethereum makes it much easier for new blockchain projects to launch. So, is Ethereum your next cryptocurrency to invest in ?
I recommend that you think about adding Ethereum to your list, as I think it could be one of the best cryptocurrency to invest Ethereum also plans to improve their technology a lot this year, with new protocols almost ready to go. So, watch out for Ethereum! To learn more about Ethereum, read our Ethereum vs Bitcoin guide. Yes, you read that right.
Even though the price of one XRP is a lot lower than the price of one Bitcoin, XRP is still the third largest cryptocurrency by market cap. So, what is it about Ripple that has made it so popular for investors? Ripple uses blockchain technology to make international payments securer and faster.
If you tried to make an international bank payment today, it would take around days for the transaction to process. The same payment, when done using Ripple, takes a few seconds. How awesome is that! You should watch out for Ripple and learn more about their partnerships. Look out for new partnerships too — if Ripple signs a contract with another large bank, then it could increase the price of XRP.
The investors, who understood the services that are offered by Ripple, have made a lot of money. After a fantasticRipple could just be the best best exchange cryptocurrency reddit 2020 to invest in The price of both Litecoin and Bitcoin has followed a similar trend over the last year.
Litecoin continues to interest investors because of its close connection to Bitcoin. Providing a good reason for Litecoin to be on our list for the next cryptocurrency to invest in Litecoin completes a transaction 4 times faster than Bitcoin. However, unlike Bitcoin, the maximum number of Litecoin is capped at 84 million — 4 times more than the coin supply of Bitcoin 21 million. Litecoin was the first cryptocurrency to perform a Lightning Network transaction in May Using the Lightning Network, 0.
Once Litecoin starts using the Lightning Network, it could increase the price of the Litecoin! Lightning Network: A new technology that increases the speed of transactions on the blockchain network. How do investors make decisions they want to invest in real estate or stocks?
Do they start making investments the moment they think about it? My guess is that the answer to that question is — no! Before you invest in anything, you need a clear understanding of what your investment goals are and how you will achieve. You want a good idea of how long you are prepared to keep your investment open, and what amount of profit you are happy to.
You should have the same mindset with cryptocurrency investments. A long-term investment is one where you expect a cryptocurrency to perform better over a longer period of time. Normally, the minimum time for long-term investment is 6 months to 1 year. Once again, before investing any amount, you must have a clear idea of what your investment goals are:. Next, you should do some research to decide which cryptocurrencies are best as long-term investments.
I recommend that you check for the following:. If you really believe in the cryptocurrency you invest in, you should learn to hold on to your investment even when the prices drop. Short-term investments are made over shorter time periods in the hope of making quick profits. So, just how short is a short-term investment? Short-term investments can take seconds, minutes, days or even a few months.
Just like long-term investing, you need to have clear goals for your investment. You need to be asking yourself:. You need to find out which is the best cryptocurrency to invest in for best exchange cryptocurrency reddit 2020 short-term. Cryptocurrencies that have the following are good options for short-term investments:. While cryptocurrencies like Bitcoin and Ethereum can also be traded in the short-term, you should think about investing in the newer cryptocurrencies.
The main advantage of short-term investments is that you can make a lot of money in a short amount of time — they have made a lot of people rich quickly. However, they still have their disadvantages. It all depends on your goals and experience in the cryptocurrency market. If you really believe in a project, then I recommend that you invest in the long term. However, if a project is new and best exchange cryptocurrency reddit 2020 generating a lot of attention, then short-term trading could be the better option.
While cryptocurrencies can give you huge profits, you must be prepared for one more thing — to lose money. Nobody truly knows what is going to happen to the price of a cryptocurrency or any other investment.
Do you know what most of the expert cryptocurrency investors say? You should only invest money that you are not afraid to lose. I hope that you now know which investment strategy will work best for you and that you have a good understanding of what makes a good investment.
Which of the cryptocurrencies I mentioned is your favorite? Do you have a pick for the best cryptocurrency to invest in ?
Top 3 Altcoins To Watch In 2020 - The Next Ethereum
What Most People Don't Think About When Choosing an Exchange...
As a crypto trading platform, it offers hassle-free trading as you do not need to open an account. The exchange has leap frogged froward in the past year or so, and has become one of the leading Bitcoin cryptocurrebcy. ASIC miners are cryptocurtency the only feasible way to mine Bitcoin today, and hosting your own ASIC rig is a serious investment that requires hardware costs, operating time and electricity. There is no doubt that Monero stands out from other cryptocurrencies because of the privacy click provides. Leave a edchange Cancel reply. You can check the rate in your currency at real-time. Coinbase Review: is Coinbase Safe? You are good to go as long as you are aware of the fees and the verification process needed to purchase more substantial best exchange cryptocurrency reddit 2020 of Bitcoin. I would say that it looks quite positive for NEO. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin. If you want to dispute your trade, Bitsquare applies arbitrator system to handle and any transaction is completed within 10 minutes. Posting an advertisement is made fun through the interactive platform offered by LocalBitcoins. Besides, the ability to cash out directly to your bank account and no withdrawal limit have helped it to possess its position for a long time. There are many aspects of NEO which may make it even more successful. This has proven to be the case with coins such as Ethereum, Best exchange cryptocurrency reddit 2020, and Ripple. Bittrex Bittnex is one of the most high-level cryptocurrency trading sites.