Monero is virtually the best privacy-driven digital currency in the crypto market. The digital currency has been recognized as angry, and is very useful for sending funds without any traceability, even by the government. But the question in crypto space is: “Is Monero viable as an option for long-term digital currency investment, which can survive the passage of time and generate huge profits in the long run? ”
Well, from the basics, you can see XMR not being a good investment, but could emerge as one of the best long-term currency investments. Below are two key reasons why Monero could be very successful in the future and reach the $1,000 US mark.
We know that Monero is a digital currency that cannot be traced. This means that anyone who wants to hide funds, for the best-known reasons, can still trust Monero. For XMR investors, this is a big advantage for the long-term value of digital money. This is because people will always need to hide money.
In the long run, this would have a significant effect on the value of digital currency. It is one of the few digital currencies whose price is insured. It is because it is anchored in human nature and not in mere speculation.
One thing that makes fiat currency valuable is its digital currency value. This means that one unit of fiat currency has the same value as the next, regardless of its origin. Monero has similar characteristics. This is a big deal for long-term money value because it means that everyone can use XMR without worrying that your token will be blacklisted on trading platforms.
Digital currency also has the realistic potential of reaching $1k in the near future. The potential growth of money is based on the reality of human nature, and that will not change.