One thing that is obviously on the minds of crypto investors right now is privacy. As government interests shift towards digital currency and the ways it can be controlled, investors are looking to shift their investments. Cryptos like Bitcoin (CCC:BTC-USD) are overlooked in favor of those like Currency (CCC:XMR-USD). Now, XMR crypto is becoming one of the most popular investments as we close into 2021. As such, all eyes are on Monero’s price predictions.
There is a lot to look forward to for the future of cryptocurrencies in terms of technical progress. Who knows where crypto could go with the thousands of talented developers taking projects to new frontiers? And yet there is also a lot of anxiety for the coming year. More governments are realizing the asset class. Of course, this leads to a desire for regulation and taxes.
Take China’s regulatory actions, for example. The nation continues to hit the crypto market very hard, even banning its citizens from trading digital currencies. Other major world powers are also beginning to control the industry. India is also seeking to ban its citizens from making crypto payments. Not to mention, the US is also looking to regulate and tax the earnings of cryptocurrencies; Lawmakers have met in sessions to discuss the role of cryptocurrencies in the future of the country.
Monero Interest Increases As XMR Fills In Privacy Niche
Cryptocurrency buyers do not want the government to control their assets, especially when there is no infrastructure that benefits these holders. As such, investors are transforming their crypto investments with a primary focus on privacy. Monero is one of those cryptocurrencies that is filling this niche, providing some of the most secure and private crypto transactions available. As such, XMR trading is on the rise and Monero price predictions are a hot topic.
Monero uses a number of different security measures by which it maintains the privacy of your transaction data. Through its own hidden addresses and cryptographic signatures, the network promises to keep your transactions 100% private and anonymous. Not to mention, he praises his funds as totally untraceable. Naturally, the XMR coin is ideal for those investors looking for privacy.
As such, Monero is seeing some gains. Last week, XMR was up more than 15%; it is currently trading at over $ 206 per coin. In addition, the volume of operations continues to prosper. Today alone, the XMR coin is experiencing a 50% increase in transaction activity by volume.
Monero Price Predictions: Can XMR Continue Rising In 2022?
As investors flood Monero this week, there is a lot of interest in the future of XMR. Is Monero in a position to continue rising over the next year? Let’s take a look at some Monero price predictions and see what the analysts think:
CoinPriceForecast believes that there is plenty of room for Monero to grow over the next 12 months. The outlet predicts that XMR will be worth $ 260 by the end of 2022. DigitalCoinPrice is even more bullish. The site anticipates a price of $ 335 in late 2022. WalletInvestor is similar in its own prediction, expecting the coin to hit $ 321 in the same period. The most bullish is Gov Capital, expecting XMR to almost double over the next year. The site is targeting a price of $ 379 for the coin.
As of the date of publication, Brenden Rearick did not hold (directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to the InvestorPlace.com Posting Guidelines.
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Monero Price Predictions: What’s Next For XMR Crypto As Investors Seek Privacy?