Measures absolute and relative price fluctuations over several time frames and other variables.
Calculates returns in comparison to moving averages and other factors.
Measures the ability to scale, upgrade and other technological weaknesses or strengths.
Evaluates public acceptance, participation of developers and other key factors.
Since mid-2016, Monero has experienced wide price swings. This cryptocurrency in no way follows the general market trends and experiences large weekly price gains and losses. On the other hand, with Monero offering an anonymous currency expect to see a high volume of transactions happening with this cryptocurrency.
With the trading price of Monero being so inconsistent, it’s hard to pin down what kind of ROI an investor will experience when investing in this cryptocurrency. Monero is a private and untraceable cryptocurrency making it highly attractive to a high percentage of users who wish to stay anonymous.
Monero boasts its use of ring signature and stealth addresses as a way to ensure that its system maintains secure and private. From the high use of Monero, it is easy to see that providing a high level of privacy is important to individuals online. It is clear that the success of Monero is linked to the technology of the ring signature and stealth address.
A good number of musicians that have begun accepting Monero as an acceptable payment system. From this and other news, one can see that Monero has caught the attention of outsiders. When every cryptocurrency is fighting to become more relevant, acceptance is everything.
Monero is a secure, private, and untraceable currency. Monero was launched with a focus on decentralization while improving scalability. It seems that Monero is accomplishing their goal of providing untraceable currency. On the other hand, its coin price has not reached any sort of consistency.