In the early days of Bitcoin, many people assumed all cryptocurrencies were anonymous, but this is not necessarily so. That’s why the Monero cryptocurrency is a so-called privacy coin.
Have you ever thought about crypto trading and ownership privacy? If you did not know, the use of exchanges and wallets can compromise someone’s identity. Plus, as all transactions on the Bitcoin blockchain can be traced by anyone, a little bit of detective work may be all it takes to unmask the owner of a certain address.
With the eth coin scanner, it became obvious that not all of the information is private. So, cryptos that are secure and value their investor’s privacy such as Meta Masters Guild (MEMAG), Fight Out (FGHT), Dash 2 Trade (D2T), C+Charge (CCHG), RobotEra (TARO), or Tamadoge (TAMA) are all very valuable in today’s market.
Does Coin Privacy Matter?
While there are other options that aim to give users private digital currency, none offer the same security as Monero. The secret to this system is its nature as a decentralized cryptocurrency.
In other words, this is a type of secure digital cash that a network filled with users operates. All transactions receive confirmation from the distributed consensus, and the blockchain records them. Because of its use of the blockchain and other crypto methods, Monero doesn’t need any third party to protect your money.
Monero is also completely private since all transactions are confidential. The combination of ring confidential transactions and ring signatures hides the origins, destinations, and quantities of every transaction. In other words, Monero gives users the advantages related to decentralized cryptocurrencies without needing to concede privacy like you would with other cryptocurrencies.
Monero Price Prediction
With all of this in mind, it is time to look at Monero’s price predictions for Q1 of 2023 and beyond. Let’s see what some forecasters have said.
There is a strong hope that XMR may continue its growth deeper into 2023. Most crypto analysts give optimistic forecasts about Monero’s price based on the fundamentals and the coin’s previous achievements. Thanks to reliable technology, significant market capitalization, and the positive dynamics of the crypto market, XMR has all chances to become one of the most traded cryptocurrencies.
Many crypto experts are sure that XMR will rise in the long term due to persisting optimism that this currency can attract much more attention. XMR could finish 2023 with an average exchange rate of $345. The minimum could be around $330, whereas the maximum could reach $380.
Monero’s price has been on the up since the start of the new year and the ROI for investors has been amazing. At the moment we can’t say with certainty how it’s going to end but XMR is steadily rising and is heading towards highs not seen since April of last year.
Can these cryptos provide more gains in 2023?
With the market on the way back up, now might be the right time to invest early in new amazing coins. Historically, they’ve been showing strong and rapid growth since the start of their presales so we expect them to keep going up in the coming months.
Meta Masters Guild (MEMAG)
P2E gaming in the Metaverse seems to be the future of blockchain gaming and the market reflects that as it is now flooded with these kinds of projects. We have done the dirty work for you though and found the best one to invest in now and that’s Meta Masters Guild.
The aim of this project is to attract gamers, but more importantly, keep them. They plan to do this by making fun and addictive games. Unlike other projects, the native currency, MEMAG, will be invested back into the project to ensure the guild is always improving and developing. A community atmosphere is also key so games will have online and multiplayer modes so players can interact and even battle against each other for rewards.
Fight Out (FGHT)
Fitness or M2E coins are a trendy crypto sector we think is here to last. We have no complaints either, getting paid to work out is the dream for many. Fight Out is enjoying a very successful presale and looks like it could head the sector when it is launched in April. They are already closing in on $4 million raised and there are still two months left to run. However, the price does go up every 12 hours so getting involved early could be worth it.
If the whitepaper is anything to go by they will be making a great investment. The Fight Out app will change how we look at fitness. They will use smart technology to personalise workouts for their clients that take into account their strengths, goals and even the equipment they have available. They will even have gyms popping up all over the world for those that would prefer to work out in their state-of-the-art facilities.
C+Charge (CCHG)
Carbon credits are turning into a massive industry worldwide but with all industries like this, they tend to be dominated by large corporations. What’s great is some green cryptos have set out to put them in the wallets of the everyday man or woman that helps the environment. C+charge is one such project. They will reward electric vehicle (EV) drivers with credits in the form of NFTs every time they use the native currency, CCHG, to pay for charging stations.
They don’t stop here either. They aim to overhaul the current charging system infrastructure and replace it with one that works much better. Their peer-to-peer payment system will eliminate the difficulty some drivers have to pay for different charging stations and their app, which will have live up-to-date information, will show drivers the nearest stations in their vicinity for when they need a charge.
RobotEra (TARO)
As we have already mentioned, Metaverse gaming is the future for blockchain gaming and we have another such game we think is about to take off. RobotEra is based on the fictional planet of Taro, which has been destroyed by an apocalyptic event and now needs to be rebuilt. Players are tasked with this and must act through their robot NFT sidekicks.
The USP of robotEra is that the inventors have left the game development up to its players. They will be able to do anything with their own plots of land. This can go from farming to building superstructures like stadiums and shopping centres. The revenue streams are unlimited as the native currency, Taro can be used in-game by players for entertainment and lots of other things. This means you can charge other players for use of whatever amenities you have built on your land. Also, there is no need to worry about coding as it is not a necessary skill to enjoy this game.
Tamadoge (TAMA)
Tamadoge is the currency at the centre of the Tamaverse, allowing you to create, breed, care for and battle your TAMADOGE pets. This is a meme coin with utility. Launched in July 2022, TAMADOGE is a deflationary cryptocurrency whereby users can battle to climb up theleaderboard by gaining Dogepoints.
Users with the most Dogepoints at the end of each month will be able to claim their winnings from the monthly Dogepool. Your Tamadoge will grow with you, becoming stronger over time, but make sure you look after them. If you leave your Tamadoge for too long then they’ll end up as a Tamaghost.
Since the Tamadoge ecosystem needs less energy to function, it ranks as the best eco-friendly crypto to buy during an energy crisis. Also, as an ERC-20 meme coin, TAMA comes with the benefits of the Ethereum blockchain. It is listed on multiple exchanges including Binance, Crypto.com, and Coinbase. Moreover, the project has sourced over $12 million in presale, despite the project not being live.
Dash 2 Trade (D2T)
Dash 2 Trade is a world-class crypto analytics and social trading platform that makes it easier for investors to make informed decisions. Dash 2 Trade has launched the taxless D2T token to support an informed trading analytics platform providing crypto traders with in-depth market insights to help create market-beating strategies.
The Dash 2 Trade platform allows users to access signals, metrics and social trading tools for every type of trader. With the actionable insights powered by the D2T ecosystem, a trader can identify and analyze underlying factors that influence the price of cryptocurrencies. Dash 2 Trade is enjoying a great January and is available on exchanges like Gate.io and many others.
Final Thoughts
We hope you’ve enjoyed our article. Note that analyst and algorithm-based crypto price predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Even though some analytics forecast a significant jump for Monero, it’s still early to know and given its volatility, you should consider researching some new, interesting projects.
The ones we have mentioned in this piece are either enjoying very successful presales or enjoying a good Q1 of 2023 on the market. Any or all of them would seem like great investments at the moment as they are all trending upwards.
