Monero (XMR) is one of the true anonymous and untraceable cryptocurrencies in the market. Other coins and altcoins claim to offer privacy but most of them cannot be compared to Monero (XMR). The focus on privacy is one of the main features that make Monero stay relevant in the market. Monero has been gaining traction since the slide in price that engulfed the digital assets from the beginning of the year. Like most other virtual currency, Monero price is scaling the heights and battling to break the barriers to achieve the milestones it has set before the end of the year. Monero (XMR) predictions have shown that it could exchange at $650 by the end of the year while the 5-year prediction has placed the coin at $2,000.
At the time of writing Monero price is trading at $200 while the charts show that it is up over 4% in the last 24 hours. The cryptocurrency dipped to trade lows of $190, although it exchanged hands above $290 in April. The crypto has been trimming the gains gathered in the last one month. However, the recovery journey appears to be on track and besides, there is a general bullish trend in the market. The next target for Monero price on the upside is $216 and $230 respectively. Both of which will allow it to form support zones and gain the momentum to attack higher levels like $250 and $300.
New developments and upgrades have been known to keep the community active and renew the investor interest in coins. Such releases also affect the performance of cryptos in the market by increasing the appetite of the investor and the traders for the cryptocurrency. Monero team knows this very well and one of the events in their 2018 roadmap has been to launch a newly improved wallet. The wallet has been launched and features some of the latest designs in the market.
The anonymous XMRwallet is web-based, moreover, it hides the identity of the user just like the name suggests. Significantly, it has been designed to achieve some of the fasted transaction speeds even in the case of large volume transactions. XMRwallet core features include but not limited to complete client interface, fast transactions, multiple language support, compatibility with MyMonero, instant account creation, and compatibility with the original Monero seed, XMR/USD balance display, multiple seeds access and maximum function on send page.
The wallet has improved the privacy capability features and the speed of transaction has been improved massively. XMRwallet has been received with open arms with many users praising the new features. The ability to support 10 different languages makes it an international platform. Furthermore, the maximum send feature is one of the best innovations the cryptocurrency wallets have had to date. Users on various community pages have expressed their gratitude by saying:
“The doors are open and I am so happy to finally have a finished site for the Monero (XMR) community. It’s been a long 7 months of work but it is definitely a labour of love. I have been using www.MyMonero.com for over a year (thank you /fluffyponyza for the amazing service) and thought I could improve some aspects of the program and build out a bunch of cool new features. In case MyMonero is inaccessible, having a different Monero web wallet also helps with decentralization”
This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.