2021-04-25 06:20:35
Reasons Why Monero is a Great Hedge Against the MarketsRemember all of those articles that came out a few months talking about Monero being de-listed from multiple exchanges in the crypto space?
Some were even
forced to de-list $XMR by the ruling gov'ts in their jurisdiction.
This Was Not FUD - It Worked Out in Monero's Favor Since Monero isn't trading on a bunch of exchanges, its market hasn't been entangled in the general trade that occurs with other crypto assets.
Its also a lot harder to manipulate the
floating price of Monero with it not widely available on exchanges (no price arbitrage bots to worry about for the most part).
Proof of Work vs. Proof of Stake Monero being a
mined currency means that there is consistent, active investment in its ecosystem in the form of additional miners on the protocol.
Proof of Work creates an inherent relationship between the cost of mining vs. an asset's floating price because more hash rate on a network makes it inherently
more difficult to obtain said cryptocurrency (thus raising the economies of scale needed to obtain it ; net result = increased price, intuitively).
Rise in Cybercrime Since the advent of COVID19, cyber crime has spiked through the fucking roof - which benefits a cryptocurrency like Monero.
Since the currency actually is private (at face value), it is the preferred vehicle of exchange for those that want to purchase / sell things on the internet that will get them in a lot of trouble with their local governments (or that they just don't want to be caught transacting).
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