2022-05-21 01:30:23

Is Monero (XMR) Worth Hodling?

Monero (XMR) is a privacy cryptocurrency launched in April 2014. It is presently trading at $168.47. XMR has increased by 8.57% in the past 24 hours. Reason Why XMR is Worth Hodling Some of the reasons why Monero (XMR) is worth hodling are: Monero Upgrade to Bulletproof+ Monero would soon increase the security of its platform by upgrading to Bulletproof+ from the present Bulletproof algorithm. This change will ensure the Monero Blockchain’s protection from Application Specific Integrated Circuit (ASIC) miners in its next hard fork. This upgrade has made top XMR whales hodl the coin to attract more investors. Present Return on Investment Since the launch of XMR in April 2014 as a hard fork of Bytecoin, it has had a return on investment of 6554%. Therefore, XMR initial holders will continue to gain. That is 65.54 times the initial price of Monero when it was listed. Also, investors that purchased Monero (XMR) when it attained its current all-time low price of $0.213 on January 15th, 2015, have received a 77221% return on investment. At the time of writing, this product is worth $168.47. Relative Volume in Circulation Monero is one of the top 30 cryptocurrencies, according to CoinMarketCap, with a low circulating volume. Its circulating volume is 18,123,470 XMR which is comparatively lower than the top cryptocurrencies like Bitcoin, Ethereum, Binance Coin, XRP, and Litecoin. In a time of a bullish run, this low supply could favor...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.