Let's Discuss Monero XMR, Shall We?
Monero XMR, one of the most contentious names in the cryptocurrency industry, has earned the reputation for being the archetypal picture of what some observers consider to be the case when they hear the phrase blockchain.
In essence, Monero is a gateway for illegal operations.
The privacy architecture of Monero is supposedly among the most secure in the world, much to the chagrin of governing bodies such as the Internal Revenue Service (IRS).
Despite this, not every request for anonymous transactions must include illegal or immoral goods or services.
According to research from the Pew Research Center, most American internet users rank protecting their privacy as one of their greatest concerns.
As a result, there is the potential for legitimate businesses and objectives to drive up demand for XMR.
It is interesting to note that Monero is a very good performer for those individuals who depend carefully on technical analysis.
XMR has risen over its 200-day moving average (DMA), and its current loss relative to its 50-day DMA is just 2.2 percent.
This is due to the recent rebound in the cryptocurrency market. Therefore, if you are interested in speculating on virtual currencies at the moment, you should give XMR a cautious look.
At the time of writing, Josh Enomoto had a BUY position in ADA, BTC, ETH, and USDT and a LONG position in XRP and BTC.
References (Example)
[1] <name>, '<title>' (online, <year>) <link>.
[2] BULB, 'Write to Earn. Read to Earn' (online, 2022) <https://www.bulbapp.io/>
