Monero (XMR) may displace Bitcoin this year.

Where to store money and where to invest?

In 2022, these questions will be asked not only by ordinary people but also by states. Serious problems for national transactions will arise due to the exchange of sanctions. The SWIFT interbank transfer system will probably be disabled for entire regions, and money in foreign bank accounts will be frozen or confiscated.

No company on the top list is currently immune from a stock crash, and it is also difficult to consider them a reliable investment vehicle.

The US dollar remains the backbone of the global financial system, so countries like China, Russia and others are actively looking for ways to conduct independent financial transactions. Two years ago, the Central People’s Bank of China experimented with introducing the national cryptocurrency DCEP, popularly known as the “digital yuan”, in four country cities. According to the plan, the free circulation of state-owned cryptocurrency will begin in China in 2022. The Russian “digital ruble” should appear by 2025-2027.

“State-owned” crypto assets have two big problems. First, they are developed and implemented more slowly than the private sector. Secondly, the state that issued the national token will retain significant control over it by default. And it isn’t suitable for those who do not intend to share their transaction history with the state.

You need an alternative payment system right now. And it is there – it is Monero (XMR).

We will explain why XMR is currently the most reliable asset for investment.

Anonymous and super reliable.

XMR is protected as much as possible from attempts to trace transactions and even determine the transfer amount. In addition to several sequential encryption algorithms, so-called ring signatures are used. Each individual included in a limited pool can delegate the digital signature right to someone else.

Attempts to track a transaction can lead to a specific circle of potential participants in the trade – but it is impossible to determine a particular payer by 100%. In addition, wallets use hidden addresses: each wallet is assigned two keys – one for viewing and the other for transactions.

The ability to transfer money in a way that leaves only circumstantial evidence is interesting for individuals and businesses. It reported that Monero actively uses Iran to purchase goods, bypassing the financial monitoring of the United States.

In 2022, this option is sure to attract many other government agencies. Monero’s super-stability has repeatedly irritated financial regulators.

The XMR structure makes it technically impossible to meet several G7 anti-money laundering FATF framework requirements. It is terrible for the control authorities but fine for everyone else.

XMR transactions cannot be tracked by standard or even specialized services – unlike BTC. However, using a staff of analysts and knowing the transfer amount openly broadcast in BTC, you can determine the addressee and sender with sufficient accuracy, which has happened repeatedly.

Growth is inevitable.

At the same time, Monero can hardly be called a token with a narrow niche. Monero (XMR) is one of the top 50 most popular cryptocurrencies, and it can still be mined. For mining BTC, you need huge farms; for mining Monero-just a regular machine is enough. CryptoNight’s algorithm makes pooling and co-mining possible and popular.

Monero’s analysis confirms that the token will go up sharply in the coming months or even weeks. In the long-term scenario, XMR doubles its value in about a year – and with a period of two years-reaches, sharp peaks associated with increased demand for anonymous transactions. For example, from March 2020 to May 2021, XMR increased from $38 to $483.

Monero is currently at the lowest point of price fluctuations, with a value of about $147. However, the inevitable demand for anonymous transactions, the lack of successful hacking attempts, and the unwillingness of interstate crypto exchange mechanisms make XMR a perfect coin in 2022. Based on the behaviour of Monero, we can assume its growth to $1300-1400 by mid-summer.

It would be best if you kept XMR in your portfolio.

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