If as I predict XMR will reach the top 3 crypto currencies in 2018 it would have to have a market cap similar or greater to the Market Cap of XRP (ripple) at the moment of writing USD$86,629,637,881
If this is to come to pass the price of 1 XMR would rise to ~ $5559 USD (86,629,637,881USD divided by 15,582,824XMR)
This is an increase of 5129USD
Or, as a percentage :
an increase of 1192.79%
The bans and taxes on mining in China and restrictions on cryptocurrency use will only continue to push users and then investors towards well designed privacy coins.
Bitcoin is Gold, Litecoin is Silver and Monero is Digital cash
The ramifications of a $6000 dollar Monero would be huge it would mean nearly anyone anywhere could mine profitably with whatever hardware they have on their desktop/laptop. Browser miners would finally become a lucrative way of serving up content without ads and the overall distribution of the Monero would be fairer and more stable than any other currency on the market because ASICS will not exponentially increase difficulty making widespread adoption of Bitcoin and other currencies difficult.
If this is to come to pass the price of 1 XMR would rise to ~ $5559 USD (86,629,637,881USD divided by 15,582,824XMR)
This is an increase of 5129USD
Or, as a percentage :
an increase of 1192.79%
The bans and taxes on mining in China and restrictions on cryptocurrency use will only continue to push users and then investors towards well designed privacy coins.
Bitcoin is Gold, Litecoin is Silver and Monero is Digital cash
The ramifications of a $6000 dollar Monero would be huge it would mean nearly anyone anywhere could mine profitably with whatever hardware they have on their desktop/laptop. Browser miners would finally become a lucrative way of serving up content without ads and the overall distribution of the Monero would be fairer and more stable than any other currency on the market because ASICS will not exponentially increase difficulty making widespread adoption of Bitcoin and other currencies difficult.
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