2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. You would be wrong if you thought it was only the price that increased because its supply as well increased touching 16 million. I simply believe that Monero (XMR) is superior cryptocurrency just at the perfect time in terms of history – a time when adoption of cryptocurrencies is taking the stage. Four other major advantages of Monero over Bitcoin 1. Since Monero has the monopoly on private transactions because of attracting the “largest crowd” of the people who are particularly seeking privacy, Spagni stated that Monero users can easily get “lost in the crowd,” which … You can also buy Bitcoin on CEX.io and send it to your Binance Wallet converting it for Monero.. Best Wallets to Hold Monero . Binance Will Support the Upcoming Monero Protocol Upgrade November 29, 2019; Investors Fear that Bitcoin will Hit Below $6.5k November 27, 2019; China the Next Home for Crypto: 89% of Chinese Blockchain Firms Plan to Issue Crypto November 27, 2019; The Crypto Trend No One Is Talking About – Gamedrops™ November 27, 2019 Image courtesy of descryptive.com/ via Flickr, ZClassic (ZCL) is Pulling off a Smooth Rebound, Ripple (XRP) Sudden Spike Is Just What the Crypto Market Needs, Elon Musk Advises Crypto Users To Secure Their Crypto Keys Properly, ISW Holdings Announces Pod5 Crypto Mining Pod Set to be Powered Up on February 12, Campden Wealth Partners with GDA Group to Enter Digital Asset Markets, Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //. Then again, if you’ve already made up your mind about this sector, that shouldn’t dissuade you as the reward potential is much higher. - ICO & Blockchain Marketing Agency. I mention both of the above projects as they have each taken slightly different paths to achieve greatness. At this moment in time, if Monero and bitcoin were equally valued with same sized infrastructure, which crypto would you have, to spend, to hold, and to receive? Though Bitcoin is up today, it’s down more than 3% over the past seven days. It’s worth remembering that there is more to cryptocurrency than just Bitcoin. Adding to its perfect security, personal computers as well as ordinary laptops can aid in mining Monero, unlike Bitcoin which requires a special Application Specific Integrated Circuit (ASIC). Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. We believe it is the successor to Bitcoin. Where Cardano could beat XRP would be in scalability. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata, My Crypto Heroes Announces Issuance of MCH Governance Token, Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving, Blockchain technology outshines Bitcoin and Gold during global pandemic, Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC, Wisebitcoin Launches Professional-Grade Crypto Exchange, ISW Holdings Continues to Transition Cash Assets into Bitcoin with $20K Purchase Ahead of Mining Launch, BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN. While this is required for these systems to work, it comes with a This protects the privacy of individuals better than Bitcoin. We believe the creators of Bitcoin chose poorly when it came to their mining algorithm. Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. The altcoin was created by the pseudonymous developer “thankful for today,” but he was quickly “fired” by the community, as the project was forked away from him. “NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco. Stellar: Cross Border Payments For All. Roger Ver, known as “Bitcoin Jesus” for his evangelical support of the currency during its early years… said his investment in Monero is “substantial” and his biggest in any virtual currency since bitcoin. Bitcoin Cash: a Quick, Scalable Bitcoin Alternative Many got to know bitcoin more, and are therefore flocking to it, not that there are no better cryptocurrencies, but rather they are unaware of them. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Its current price is $18,477. There is simply a rapid growth when you look at the price of Monero (XMR) with an increase of 11.14% within the past 24 hours. A big downside of Monero’s RingCT format is that it makes the system a magnitude less scalable than Bitcoin and just about every other cryptocurrency. It is an open source crypto which has climbed the ladder so fast since it was first launched in April 2014 due to it being secure, private and untraceable. They’re riskier than Bitcoin, to be sure. Monero’s expected future value at the moment is $1000. With other cryptocurrencies, Bitcoin, for instance, the addresses of the sender and the receiver are exposed publicly. Undoubtedly, BTC was launched way early than Monero – to be specific in 2009 compared to Monero in 2014. Because all decoy coins must be included in a transaction, and the CT math used in these transactions is data heavy, Monero transactions are currently in the ballpark of 30 times bigger than Bitcoin transactions. As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. Bitcoin Cash (BCH) Bitcoin Cash (BCH) holds an important place in the history of altcoins because it … Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. Or one that is so private, fungible and untraceable? This cryptocurrency is still the first in terms … To the upside, XMR could have a hard time breaking above $84 since that is where the 7 and 30 moving averages are crossing. Monero is the villain of the crypto market, and therefore not a good investment by comparison. Monero Mining Does Not Require an ASIC. Using “1” to indicate that we beat the Bitcoin does not tell us by how much. 5. Chainalysis and Integra FEC … According to Zycrypto.com , Cardano in implementation has recorded 20-second periods with a … Bitcoin encourages a more inclusive financial world. You are definitely your own bank with Monero (XMR). Exchanges such as Binance will not allow you to buy Monero with USD. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%. Like Bitcoin, Monero is a proof-of-work cryptocurrency, which means that Monero miners need to deploy their computer hardware to solve resource-intensive mathematical problems in order to have a chance of adding the next block to the Monero blockchain and reaping the associated block reward. Monero vs. Bitcoin: Network Effect. Monero is primarily used by hackers and dark web marketplaces as the coin of choice. The cryptocurrency, alongside Bitcoin and Litecoin, became a means of payment in the real world. As mentioned, there are way more Bitcoin transactions on a daily basis. You can swap your Bitcoin to Monero … Monero. We will be updating our subscribers as soon as we know more. Based on blockchain technology, most cryptocurrencies have an open and public ledger. Ethereum (CCC:ETH-USD) Litecoin (CCC:LTC-USD) Cardano (CCC:ADA-USD) Polkadot (CCC:DOT-USD) Bitcoin Cash (CCC:BCH-USD) This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. This is not a simple copy of Bitcoin, but rather an alternative cryptocurrency that is easy to implement, and results in the complete anonymity of transactions. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”, Copyright © 2018 Global Coin Report. Here Are the Top Small-Cap Altcoins That Will Beat the Market, According to Crypto Trader Tyler Swope March 6, 2021 Delia Altcoin 0 In a new video, Swope tells his 201,000 YouTube subscribers that he’s looking at decentralized finance (DeFi) platform Bao Finance (BAO). There is one way that Ethereum or Ripple could beat out Bitcoin, though, according to Blue Chip Vision’s Managing Director, Robert Masters. The value (or market capitalization) of all available Monero in U.S. dollars is $6.06 billion. Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021. Apart from charging less transaction cost, Monero (XMR) provides faster transactions due to the high number of individuals that make use of it at a time. Although Monero beats Bitcoin on things like privacy, fungibility, transaction fees, and mining algorithm, Bitcoin definitely beats Monero when it comes to the "network effect", or amount of people using Bitcoin vs. Monero. Monero A Private Digital Currency. Bitcoin’s transactions cost is basically unmatchable when compared to Monero, and as if that is not enough, they are time-consuming as well. Monero is a secure, untraceable and resilient digital currency. With Monero, you are your own bank. Monero, which masks the identity of users better than the likes of bitcoin, is up by over 6% over the last 24-hour trading period, soaring as the broader cryptocurrency market climbed. Monero (XMR) is simply a superior choice than Bitcoin in comparison because of the following: Monero (XMR) is best for long-term investment than Bitcoin (BTC). Surprisingly, CipherTrace was not one of the two, although the race to beat crypto privacy also involved the government agency’s desire to defeat the privacy held within layer-two blockchain solutions, such as Bitcoin’s Lightning Network. Therefore, it holds the stage for being a number one crypto when it comes to privacy. Monero (XMR) is simply a superior choice than Bitcoin in comparison because of the following: Superior mining algorithm. Monero (XMR) Monero appeared in 2012 as an open-source cryptocurrency project with serious ambitions. However, Monero will beat Bitcoin in terms of privacy, fungiblity and transaction fees. Bitcoin gains 5% after Elon Musk says Tesla now accepts the cryptocurrency as payment – Business Insider Bitcoin Price Dips Under $54,000 As Its Largest Holders Take Profits – Yahoo Finance You can spend safely, knowing that others cannot see your balances or track your activity. With Bitcoin, all the information about the sender and the receiver are visible which is not the case with Monero that has the highest anonymity. The goal is to beat an equally weighted portfolio by optimizing the Validation and Estimation data probabilities of beating bitcoin. NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. All of the top ten coins by market cap, minus XRP, increased in price today.And privacy coin Monero, the fifteenth largest coin by market cap, increased by 10% in a sudden spurt.. Bitcoin’s price, the bellwether of the crypto market, is up by 3% in the past 24 hours. Previously, it has been stated that CSLAG may be the last of the low hanging fruit for making XMR transaction size smaller. Monero (XMR) is best for long-term investment than Bitcoin (BTC). Also that much of the working going forward will be about scaling via methods other than reducing base transaction size. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Should Crypto Projects Devote Resources to Community Growth and Marketing? Monero’s superior mining algorithm ‘Mining’ is the name given to running a program on a computer which verifies and processes the cryptocurrency transactions that other people announce to the worldwide network. The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. It’s important to make a distinction between blockchain technology and cryptocurrency. Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs. Bitcoin (BTC) Investing in Bitcoin is always a good idea. For the latest on XMR, sign up for our free newsletter! You can buy BUSD or BTC on Binance and convert it to XMR. He explained to Forbes : It may be possible for either Ripple or Ethereum to beat the market cap of Bitcoin in the long term if future protocol enhancements are implemented and with the continued backing of global financial heavyweights. NFTs are already being actively traded in markets globally. Monero is an incredible cryptocurrency, thanks to its security and fungibility. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing. XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange. The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia. Monero "halving" explained. Monero launched in 2014. This decentralized coin uses the CryptoNote algorithm, which solves one of the main BTC’s issues – transactions’ speed. Evidently, Monero (XMR) offers the highest security to its users as their transactions are not exposed at any rate. You can also exchange one Monero for 0.00588623 bitcoin(s) on major exchanges. An ASIC (Application Specific Integrated Circuit) is a special type of hardware used for Bitcoin mining.An ASIC can cost anywhere between $600 to $1000, which has made Bitcoin mining unattractive for anyone except professionals.. Fortunately, Monero mining doesn’t require you to purchase an ASIC. That’s why it is among the best cryptocurrencies to invest in 2021. As soon as the payment is confirmed your Monero will be transfered to the address you entered on step 3. Learn more about Monero Basically, Monero (XMR) has ring signatures that scramble the addresses of the parties in a transaction – hence making it untraceable. In fact, all the transaction history of both the receiver and the sender are kept confidential and are untraceable. Monero is cash for a connected world. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Regardless of what initiates the next bull-run, it is important to position one’s self so they are exposed to the coins they believe will beat bitcoin’s return. Here are seven crypto alternatives to consider. Why I sold all my Monero for Bitcoin (and why you should too) tldr: a short story about a reformed shitcoiner who saw the light This post will probably kill my karma, cause I know you’re all here to change the world and what-not, but I wanted to make a confession: I’m in crypto for the gains. Today, we will discuss some of these currencies – what are they and why they can beat Bitcoin in the future. Send feedback, corrections or suggestions to hello. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…, Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //. As more individuals learn more about the privacy of transactions offered by Monero, the more Monero’s valuation will grow – recent studies confirm. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer. Monero may have come to the market later than its rival, but as with any industry, just because a company or product showed up first does not mean that it cannot be improved upon later. Monero: a secure and privacy-focused alternative; Ether: the most popular Bitcoin alternative; XRP: a relatively safe investment with relatively small price fluctuations; Tether: the most popular stablecoin; Below you can read why we picked these currencies and which purposes they might serve. He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”, Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. Receive Your Monero. The solution was, therefore, the introduction of Monero (XMR). The wallet is available both for iOS and Android and recommended for beginners. This is just a no-brainer as the current price graph explains it all. Monero Coin (XMR) is a decentralized digital currency that came on the market in April 2014. “Monero’s construction is quite different from Bitcoin’s, so most likely, tracing Monero will always be more predictive than completely deterministic; however, a big break-through in reducing Monero’s anonymity would likely cause the price to go down initially,” he said, adding that privacy-seeking owners of the asset might quickly head for the exits, offloading the asset onto the market. It’s fast, private, and secure. Choosing the right Wallet to keep your coins depends on varying factors. For…. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features. Monero was launched back in 2014, focusing on privacy and decentralization. One that announces all that you have when and how much spent? Why should Monero be preferred over Bitcoin? 4JUdGzvrMFDWrUUwY3toJATSeNwjn54LkCnKBPRzDuhzi5vSepHfUckJNxRL2gjkNrSqtCoRUrEDAgRwsQvVCjZbRx8NCvspxJMRJcG69H, Monero ELI5 (Explain like I'm five) - a super simple explanation of how Monero works, Glossary of the most important Monero terms, A low-level explanation of the mechanics of Monero vs Bitcoin in plain English, How to create a Monero command line wallet, How to send and receive Monero on the command line, How to restore a command line wallet from your 25 word seed, How to verify your funds with a private view key, Set up a Monero wallet on a USB pendrive linux computer using a remote daemon, How to mine Monero on Windows or Linux (Fedora or Ubuntu), Configure OpenAlias to more easily share your Monero address, How to Safely Hold Monero in Cold Storage, Create a paper wallet for secure offline storage, Display a Monero ticker on your Mac menu bar. As opposed to many altcoins, Monero is not based on Bitcoin’s codebase but instead on the CryptoNote reference implementation, an altcoin that was itself designed from scratch.. Breaking below the 50 moving average could take Monero down to test the 100 MA or the 200 MA, sitting at $74.5 and $71.5 respectively. Monero (XMR) is absolutely private and ensures all that you trade the one you trade to, as well as the extent you trade, are completely unknown. If you cannot beat BTC’s return than it would be best if you solely held BTC [coin_price]. Having said that, the 0’s and 1’s do not tell the whole story. For this traceability concern, there was a need to sort it out so that user transactions can be obscured. He pointed to how Monero has chosen to use a different elliptic curve, a unique way of signing transactions, and a completely different emission schedule when compared to Bitcoin. Monero vs Bitcoin - Moving forward. 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