Monero has seen a exponential growth since a few wees. What I found hard to believe is that the only explenation for this is high privacy future. I thought privacy was getting less important in the current crypto world... since I am relatively new in the crypto space I guess i'm wrong on this! What is your view on this?
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well sir privacy is not much of a factor right now..... the most important feature in monero is the low market capacity... when someone has alot of money he would invest it in something rare that buying something that is available in mass....plus monero has earned popularity due to several reasons...well some people use it for privacy perposes also the transactions made on the monero cannot be traced which gives an advantage to use to skip taxes when u pay for an international transaction frm such a currency u can actually save alot of money rather than transfering through a medium and paying alot of tax
Ok, thanks! This helps. I'm rying to understand the background some better before buying.
Sure if u r looking for long term investment then u should invest into monero...i think it will go up very much in the future and right now if u want somrthing to invest in right now then go for ethereum...it has gotten lower in past sm days i m pretty sure it will take a jump in next few days