The Monero Project has become synonymous with cryptocurrency privacy and security. The Monero (XMR) cryptocurrency was among the first to feature cryptography and provide real advances in privacy and fungibility over other digital assets. Monero was a real game changer for DeFi as it allows users to send and receive transactions without making their data available to anyone on the blockchain. Monero is a by-product of a hard fork of Bytecoin. It builds upon the CryptoNote technology used by Bytecoin by deploying Ring Signatures to mix the digital signature of people transacting with XMR before recording it on the blockchain. This provides true blockchain anonymity, providing wallet address and transaction privacy. There is no hard block size limit on the Monero blockchain, and the network allows the creation of new Monero tokens through the mining process.
The fastest, most convenient way to purchase Monero is to purchase it on ICONOMI. We check Monero live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Monero by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Monero is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Monero, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Monero in their structure.
Here you can read and comment on all posts made by Strategists about Monero XMR. See all Monero price predictions in real time and make the best use of their crypto knowledge.
🤟 Rebalancing Info 01.03.2023 🤟
Strategy Performance February: +5% 🤩
Winner February: $LDO +42% 🚀
Loser February: $XMR -12%
Every month I rebalance the strategy back to 4% each of the Top25 crypto coins without Stablecoins or wrapped Token.
There has been 1 change in the Top25:
1x Out: $CRO
24x Rebalanced
1x New: $APT
Everything is rebalanced back to 4% each.
🤟 www.crypto-index-25.de 🤟
Over the past 73 days, we've witnessed a significant increase in the value of $BTC, with a 57% increase from the low of 15.5k to the current high of 24.2k.
This uptrend has allowed Bitcoin to exit the descending regression channel and trade along the upper boundary of the new channel drawn from the low.
However, analyzing past market movements, I see a strong possibility of a future retest of the channel's lower bound. The high degree of slope of the linear regression only strengthens my view.
With the moving averages and range highs above, I remain cautious.
I left the market in early December 2021 when bitcoin was around 50,000. I am not yet feeling any pressure from FOMO.
Instead, I start looking for sound setups, especially in alternative cryptocurrencies, before making any decisions.
I got my eyes on $ATOM, $FTM, $XMR, $SUSHI, $GNT, $ANT, $SNX, $DYDX, $DOGE, and of course $ETH
I hope you don't find the attached chart too confusing. I tried to give some "historical context" using past regression channels.
As always, these are just my personal thoughts and shouldn't be treated as financial advice.
Cheers!
@CryptoEnthuzias Not much has changed, but still gonna work on a new post soon :)
Hi ! Thanks for your update. Any new opinions ? :D
🤟 Rebalancing Info 01.01.2023 🤟
Strategy Performance December: -20%
Winner December: $XMR +3%
Loser December: $FIL -30% 📉
Every month I rebalance the strategy back to 4% each of the Top25 crypto coins without Stablecoins or wrapped Token.
There has been 2 changes in the Top25:
23x Rebalanced
Everything is rebalanced back to 4% each.
🤟 www.crypto-index-25.de 🤟
@p4ul0skar thank you for your feedback