1 Level
9 Review
7 Karma
Review on Monero by Shalini Saxena
Review of monero
The price of the Monero began to fall in January and the value reached 94 dollars. It was priced around 8 dollars during the end of the year 2016. However, it quickly rose as high as 400 dollars. A price hike happened in August 2017. The Monero was the thirteenth largest by the market capitalization in July 2018 when the Monero trading was added to exchange to make it easily accessible to the investors. The Monero is expected to perform better in the future because of its unique features such as privacy and anonymity.
Pros
- The blockchain of the Monero has no limits. This prevents the fees from rising too much with the increase in the usage.
Cons
- The Monero is not widely adopted which restricts its use.
- There are not many wallets which support the Monero because it is quite difficult to work on it than on the other cryptocurrencies.
