Have you thought about crypto trading and ownership privacy? Not sure if you know that but the use of exchanges and wallets can compromise someone's identity. Plus, as all transactions on the Bitcoin blockchain can be traced by anyone, a little bit of detective work may be all it takes to unmask the owner of a certain address.
That's why the Monero cryptocurrency is a so-called privacy coin. In the early days of Bitcoin, many people assumed all cryptocurrencies were anonymous, but this is not necessarily so.
With the interesting things going on on the market and the new crypto privacy regulations by the U.S. Treasury Department, there's left to see if this coin is going to endure the pressure of the government and time.
Also, what's up with TAMADOGE? This coin has already smashed its beta sale, and it's going to presale, and the hopes are really high for this meme coin
While there are other options that aim to give users private digital currency, none offer the same security of Monero. The secret to this system is its nature as a decentralized cryptocurrency.
In other words, this is a type of secure digital cash that a network filled with users operates. All transactions receive confirmation from the distributed consensus, and the blockchain records them. Because of its use of the blockchain and other crypto methods, Monero doesn't need any third party to protect your money.
Monero is also completely private since all transactions are confidential. The combination of ring confidential transactions and ring signatures hides the origins, destinations, and quantities of every transaction. In other words, Monero gives users the advantages related to decentralized cryptocurrencies without needing to concede privacy like you would with other cryptocurrencies.
Demanding payment in privacy coins like Monero (XMR) has become a trend among ransomware actors in 2021, according to the cyber-security firm CipherTrace.
Despite Bitcoin (BTC) remaining the preferred payment system, Monero (XMR) has jumped sharply in popularity among ransomware groups or strains, with at least 22 ransomware groups – not all of which are currently active – accepting only XMR.
"While some ransomware groups demand XMR and XMR only, we noted an interesting trend to now offer payments in either XMR or BTC, but charging a higher ransom if the victim chooses to pay in BTC," said CipherTrace in its research paper, Current Trends in Ransomware with special notes on Monero usage.
These higher BTC prices are most likely due to the increased risk of using an easily traceable cryptocurrency like BTC. At least seven ransomware groups accept ransom payments in both BTC and XMR, according to CipherTrace.
As the cyber-security firm stressed, many new ransomware actors demand Monero only, while double extortion ransomware – demanding payments to both prevent attackers from publishing stolen data and unlocking the data – increased nearly 500% in 2021.
With all of this in mind, it is time to look at Monero price predictions for 2022. Let's see what some forecasters have said.
There is a strong hope that XMR may continue its growth until the end of 2022. Most crypto analysts give optimistic forecasts about Monero's price based on the fundamentals and the coin's previous achievements. Thanks to reliable technology, significant market capitalization, and the positive dynamics of the crypto market, XMR has all chances to become one of the most traded cryptocurrencies.
Many crypto experts are sure that XMR will rise in the long term due to persisting optimism that this currency can attract much more attention. XMR could finish 2022 with an average exchange rate of $345. The minimum could be around $330, whereas the maximum could reach $380.
In accordance with the forecast by TradingBeasts, XMR may grow by about 110% over the next three years, rising to $360 by the end of 2022 and to $500 by the end of 2023. TradingBeasts' analysts are confident that XMR has good growth potential and see no reason for this cryptocurrency to crash.
XMR Price Forecast for September 2022: Potential ROI 34%
Based on the price fluctuations of Monero at the beginning of 2022, crypto experts expect the average XMR rate of $177.26 in September 2022. Its minimum and maximum prices can be expected at $160.38 and at $182.33, respectively.
With Monero coming back up, now might be the right time to invest early in the amazing meme coin, Tamadoge.
Tamadoge is the currency at the center of the Tamaverse, allowing you to create, breed, care for and battle your TAMADOGE pets. This is a memecoin with utility. Launched in July 2022, TAMADOGE is a deflationary cryptocurrency whereby users can battle to climb up the leaderboard by gaining Dogepoints.
Users with the most Dogepoints at the end of each month will be able to claim their winnings from the monthly Dogepool. Your Tamadoge will grow with you, becoming stronger over time, but make sure you look after them. If you leave your Tamadoge for too long then they'll end up as a Tamaghost.
Whenever you make a purchase in the Tamadoge store, from buying your newest Tamadoge pet through to buying food and toys or even just a cool new hat, you'll always be paying with Tamadoge token.
TAMA PRESALE
'Meme coin' sensation Tamadoge has just announced that its Beta sale allocation has sold out – way ahead of the September 2nd deadline.
Tamadoge's team has raised $2 million worth of USDT in a matter of weeks and will now be moving onto the presale phase, which will see the token's price increase by 25%.
Investors who acquired TAMA tokens through the Beta sale are likely thrilled with this news as Tamadoge gears up for CEX listings later in the year.
Yes, Monero is one of the oldest cryptocurrency when it comes to providing privacy, but it is not alone anymore. It has tough competition from other privacy-based coins like ZCash, Dash, Verge, and PIVX.
An increasing number of options for privacy-based coins could divert the attention of investors away from Monero, and towards the newer options.
These are two important things that you need to keep in mind before you invest in Monero. Even though I don't think they will have an immediate impact on the price of Monero, you should bear them in mind. And always keep up to date with news related to cryptocurrency regulations.
So, the future of Monero looks positive after we've compared the pros and cons. What do you think?
On the other hand, TAMADOGE offers amazing abilities to earn, play games and trade coins. It's interesting, engaging, easy to use and to earn. Given it's a new coin, its price predictions are already going somewhere around $1 with the promising long-term predictions.
Coins like Tamadoge are a great way to diversify your portfolio and reduce the risks. And who knows, maybe this time next year you'll be thanking us for the advice while driving your brand new Lamborghini.
Here are the easiest steps to buy yourself a TAMA:
STEP 1
To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the
wallets supported by Wallet Connect (we recommend Trust Wallet).
Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend Metamask.
If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in-built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
STEP 2
Once you have your preferred wallet provider ready, click "Connect Wallet" and select the
appropriate option. For mobile wallet apps you will need to select "Wallet Connect".
You will then have three options
STEP 3
Once the presale has concluded, you will be able to claim your TAMA tokens. We will release
details closer to the time, however you will need to visit the main site https://tamadoge.io and
click on the gold "Claim" button.
Tamadoge Contract
Use the contract information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
Now you have a clear understanding of what Monero is and how it is different from other cryptocurrencies like Bitcoin. You also know the top Monero price prediction for 2022.
I think that by looking at the predictions and the benefits which favor Monero, the Monero future doesn't look too bad!
When talking about Tamadoge, we've mentioned that they've just finished their Beta Sale and are shifting to presale. Everybody's expecting so much from this amazing meme coin.
Of course, with all cryptocurrency investments, there is the possibility of making good profits. However, it's important to consider the following before investing in any cryptocurrency:
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.