When glancing overheen the cryptocurrency market caps, one has to look beyond Bitcoin, Ethereum, and Bitcoin Steengruis. Te fact, it emerges some of the major activity is taking place beyond the top Ten, spil Monero is undergoing a massive bull run right now. With the Monero price going up by spil much spil 51.1%, it is overduidelijk good things are on the horizon for this currency. Its market cap also surpassed the US $1 billion mark for the very very first time te history, which means things are looking fairly good for this altcoin right now.
Monero Price Explodes Abruptly
It has to be said that very few people seem to pay attention to the Monero price until big things toebijten. It is certainly true that the Monero team isn’t focusing a lotsbestemming of attention on marketing, spil they don’t want to create hype for something that isn’t necessarily there. More often than not, wij see alternative currencies build up substantial value based on hype and press releases published ter mainstream media outlets. That will never be the case for Monero, yet the treatment seemingly works out just fine.
Keeping this information ter mind, one can certainly make the argument that the Monero price has bot undervalued for fairly some time now. There is absolutely nothing wrong with the developers’ work so far, spil they are effectively providing anonymity features to cryptocurrency users. Their technology has bot documented numerous times and keeps improving every single year. Te fact, a latest developer meetup showcased some big switches could be coming to Monero te the very near future.
More specifically, it seems there will be no further work on the RingCT Two.0 group spil previously indicated, due to the trusted setup required to make this venture a success. However, there are other proposals to further improve Monero by using sublinear stadionring signatures and CT. Spil a result, the stadionring size of Monero transactions could be greatly enlargened, albeit its effective range has yet to be determined. While taking this route will result ter reworking MultiSig for Monero, it seems the developers aren’t too bothered by the vergezicht of making some switches moving forward.
There is other good news influencing the Monero price spil well. It emerges a fresh Android wallet for XMR is presently te the works, which goes by the name of Monejuro . For the time being, this Android wallet works just fine, but it is not yet possible to spend XMR on the mainnet. It is also only compatible with armv7 32-bit, but that may be improved upon te the future spil well. It is good to see more Monero wallets for mobile devices come to market, even tho’ Monejuro is still te the early stages of development by the looks of things.
Additionally, Monero may be making its way to the Korean Bithumb exchange very soon. A blog postbode released by the exchange indicated an XMR trading pair against the Korean Won would be added on August 23. At that time, XMR deposits will be opened, with the coetáneo trading market listing taking place on the 25th and trading beginning the day after. Thesis are all quiebro titillating events that will likely elevate Monero to fresh heights. Right now, the Monero price sits around US$79, albeit there is no reason why it should be worth less than currencies such spil Dash.
All things considered, good news is coming to the Monero community spil a entire. The upcoming technical developments combined with the Bithumb listing and the fresh Android wallet all indicate this ecosystem will proceed to grow for fairly some time. Monero should never be overlooked by cryptocurrency enthusiasts, spil the ecosystem has a lotsbestemming more to opoffering than most people realize. This may very well be only the beginning of achieving truly anonymous cryptocurrencies. Only time will tell how things evolve, but for now, things are looking finta good for Monero.