Summary
This prediction ended on 05.02.23 with a price of €156.64. With a performance of 1.52%, the BUY prediction by Washer for Monero closed with a slight gain. Washer has 50% into this predictionMonero is a privacy-focused cryptocurrency that was created in 2014. It is designed to be secure, private, and untraceable. Monero uses a unique approach to privacy known as ring signatures, which ensures that transactions are anonymous and untraceable.
The main application of Monero is to offer its users an alternative to traditional cryptocurrencies like Bitcoin that do not offer complete privacy. Monero is also favored by those who want to keep their financial transactions confidential, such as businesses that do not want competitors to know what they are spending on research and development.
Other key applications of Monero include:
1. Payment processing: Monero can be used as a payment processing tool, with several merchant services accepting it as a payment option.
2. Investment: While Monero may not be as popular as some of the other cryptocurrencies, it has steadily been gaining a foothold in the crypto market, and investors are starting to see its potential as a long-term investment option.
3. Mining: Monero can also be mined, although the process is different from Bitcoin mining. It makes use of a different hashing algorithm and does not require specialized hardware.
Overall, Monero is an attractive option for those who value privacy and anonymity in their financial transactions. Its unique approach to privacy and security has earned it a loyal following among both enthusiasts and businesses.
Performance without dividends (%)
| Name | 1w | 1m | 1y |
|---|---|---|---|
| Monero | -0.218% | -0.218% | -6.164% |
| iShares Core DAX® | -2.212% | -1.035% | 22.364% |
| iShares Nasdaq 100 | -3.190% | 0.499% | 18.662% |
| iShares Nikkei 225® | -2.764% | 2.337% | 6.987% |
| iShares S&P 500 | -2.771% | 0.454% | 7.772% |
Comments by Washer for this prediction
In the thread Monero diskutieren
