Thoughts About the Future of Monero’s Value In 2018
Since I have been following Monero it’s value has increased tenfold and I think in 2018 will be a very good year for our loved Monero.
Many of Monero believers predicted around $ 200 at the end of 2017. We can see that this was accomplished, as the price is $400 at the moment. It briefly went up even as high as $490.
When that prediction was made, the price of Monero was only 10 USD. Crazy isn’t it? And now $400. If you invested $1,000 at the end of 2016, its value today is $40,000. That is a huge profit for this short time.
Will monero increase in value in 2018?
Great question. As I mentioned earlier in my Monero vs Zcash article Monero has many more advantage than other altcoins, or even Bitcoin. There are too many coins in the market, that doesn’t have privacy, that aren’t decentralized etc.
In this infographic you can see what I mean.
The difference between bitcoin vs Monero:
So as you can see Monero is safer, it’s faster, it’s untraceable. Sadly Bitcoin doesn’t have all these advantages.
If last year’s trend continues, it’s only a matter of time before Monero’s value will skyrocket to the $1000 range, and by the end of 2018 it can be $40,000, maybe $50,000. I personally believe that is way too high, even though 2018 will be a gear year for cypto. A lot of money will come in thanks to the media hype. This won’t only push the price of bitcoin into the sky, but also other cryptos like Monero.
I have an another theory. Let make it clear, I am not a professional miner or investor. But as I see people who invests in BTC, they didn’t really know what blockchain is, what this technology could bring, they only want to make money. As I see Monero investors or miners are more considered and they know why things are happening.
If the price of BTC won’t move so much (let be honest, it moved a lot), these guys will put all their bucks in other cryptocurrencies. Considering that Monero is a well known crypto with a great daily volume, clear history and has all the features mentioned above.
A couple weeks ago I came across with a great website called Walletinvestor. I wrote an article about it. That is a Machine Learning software, with AI. They can do Monero price forecast, and according to their algorithm Monero value can reach the 1k price range.
The best advise what I got last year from my mentor: Don’t put all your eggs in one basket.
So guys, we will see what’s coming. Leave a comment, what is your thoughts about monero value in the future.