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Maybe you want to transition to digital assets and invest in the crypto sphere, but the choices can be overwhelming. Trusted sources claim a total of more than 17,000 digital currencies. So how do you know you are investing in the right one?
The answer is simple. Expert investors advise beginners to choose future-proof coins, which means the tokens you choose should be innovative and have a variety of revolutionary features that will assert their position in the market; especially Decentralized Finance (DeFi) tokens. One other strategy you might benefit from is investing in presales.
Monero is a privacy-oriented cryptocurrency aiming to supply anonymity in transactions without the interference of intermediaries. Users will have access to financial services independent of the authority of banks.
Launched in 2014, Monero (XMR) has become the investors' favourite for Decentralized Finance (DeFi).
But the benefits of Monero do not end there. The platform was designed through an advanced cryptography system and as such, is capable of delivering the most revolutionary privacy features.
These include ring confidential transactions (Ring CTs.), Stealth addresses, Bulletproofs, Dandelion ++, etc).
The XMR Token functions have Monero's utility and governance features, providing even more privacy features that secure the personal information of investors.
It is one of the most profitable digital currencies to mint due to its unlimited supply. This means that its mining difficulty will not rise as easily as Bitcoin. The Monero price today is USD 200.94 with a live market cap of USD 3.6 Billion.
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