2022-4-12 12:38 |
Privacy token Monero enjoyed a surge of popularity when Russia invaded Ukraine and has been gaining steadily ever since. One of the reasons is its perceived safety from hacker attacks.
On a day of crypto market gloom, Monero is one of the only gainers. It has added 11% to its value in the last 24 hours.
If you are attracted to unique features and want to learn how and where to buy Monero, this guide is for you.
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What is Monero?Monero aims to achieve the highest possible level of decentralization, where users don’t need to trust anyone else on the network.
Its token XMR is completely fungible, meaning that the details about crypto transfers, senders, and recipients are concealed by default. According to supporters of Monero, it has an advantage over other privacy coins like Zcash, which are “selectively transparent.”
Monero uses ring signatures to conceal this data. Previous transaction outputs on the blockchain are chosen and serve as decoys, meaning that outside observers can’t tell who signed it.
To guarantee that transactions cannot be linked to one another, Monero creates one-time stealth addresses for each transaction.
Should I buy Monero today?Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never make any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.
Monero price predictionMonero is currently trading for just under $245. According to Price Prediction, it will reach $1,317 in 2026, making it a good investment.
According to Smartereum, the price of Monero will triple by 2026. Long Forecast is far less bullish, forecasting that Monero will trade for around $288 in two years.
Monero on social mediaOne line is #BTC , the other is #Monero #XMR. #Divergence pic.twitter.com/i1E4R28gT6
— Vik Sharɱa 🇺🇸 (@vikrantnyc) April 12, 2022
The post Monero is the biggest top 100 gainer today: here’s where to buy Monero appeared first on Coin Journal.
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