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Monero Coin is better for long-term investment, this is the reason ...

Written By Hanny & Melissa on Friday, April 12, 2019 | Friday, April 12, 2019

Coin XMR or Monero is an open-source cryptocurrency created in April 2014. This coin focuses on functionality, privacy and decentralization.

Mentioned sources from wikipedia, functionalities are goods or commodities whose basic units can be exchanged. For example, 1 kilogramme of pure gold is equivalent to a kilogramme of other pure gold, either in the form of coins, ingots or in other countries.

Like all cryptocurrency this year, Monero (XMR) has received price pressures too. Not only is Monero's price down, it is also shifted from the top 10 market-based capitalization, to be ranked exactly 12th, according to CoinMarketCap. At the time of the press, the price of XMR in the Indonesian market was at IDR 642,193.

However, falling prices do not mean that the XMR will fall to zero. This coin is one of the cryptocurrency that deserves attention for investors who want to invest long-term.

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If Bitcoin (BTC) is very undervalued at $ 5000, then the XMR is more undervalued at $ 50. This is digital money that has a basis for pushing it to new heights after the market begins to recover.

And, here are the reasons for Monero to be good for investment, which include:

# Functionality

Monero is private at the protocol level. This means that no one can track Monero to a specific address. This character makes Monero the same as fiat money.

When we pay cash, we will not be able to track the serial number printed on the money and we accept it regardless of how they get the money.

Example: If someone pays you $ 100 for some projects, the $ 100 is equal to the other outstanding $ 100 money. It doesn't matter if the $ 100 has been owned by drug dealers or other criminal activities.

This Monero aspect is probably the most useful in cryptocurrency because it maintains trust in people to transact, with the belief that their coins cannot be blacklisted by banks or financial institutions.

When cryptocurrency becomes more widely accepted, this aspect (fungilabilitas) will have a high value, purely obtained by mass adoption.

Other large coins such as Bitcoin and Litecoin also consider this aspect. although crypto has dropped 85 percent from last year, Monero will recover if the market enters a bullish trend.

Maybe it will rise higher, if fundamentals become the driving force for the next bull trend, and not just hype, as happened in 2017.

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# Monero adoption has long happened

Most crypto base their future values on the possibility of mass adoption or company. But Monero doesn't need this.

Even though Monero's prices fell, Monero's transaction volume remained high and could be said to be better than 2 years ago. This coin is mostly used on the darknet. Although the number of sites on the darknet is only 30,000- 50,000.

The number of their transactions is very large because of criminal activities such as drugs and paid murder. Even though this sounds like a bad thing, it really isn't. Monero coins can be used anywhere with the same value.

If you think Monero is bad because it is used on a darknet, you would say fiat money is bad. Why ...? because fiat money is also used by criminals too.

Criminal actions and the value of money / coins are two different things. with a healthy adoption rate in the underworld, once crypto becomes mainstream and the masses understand the characteristics of Monero, its use will grow.

With strong fundamentals that support it, Monero is one of the digital money that is worth keeping when the market is down. monero was successful in 2017 and will probably experience the next bull trend.

While for 2019 I am confident that XMR will rise more than the previous year, so I prefer XMR to be invested long-term since now, XMR is an alternative investment besides bitcoin, and that's because XMR is better than other altcoin pricesespecially from the price of Dogecoin ...

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