Grayscale Investments adopts XMR. Is Monero a good investment?

B2-iSH-O²

B2-iSH-O²

Published on 3 March, 2021 at 15:00 PM

Grayscale Investments, the world’s largest digital currency asset manager, has deposited a request to register five new digital currencies, including  Monero in their portafolio. GrayScale’s communication manager said “we are always searching for better ways to meet the growing demand of investors in terms of exposure to digital assets through familiar, safe and regulated investment products. That is why we have chosen Monero because it is one of the main cryptocurrencies that offer maximum confidentiality regarding transactions”.

But What is Monero?

For  beginners, Monero is a cryptocurrency that stands out for the fact that it is untraceable and therefore preserves the privacy of its users, even better than Bitcoin. It can be used to buy and sell things, as a trading platform for other digital currencies. It offers as much privacy and anonymity as cash. This cryptocurrency was first launched in 2012 and it is a fork of  bytecoin blockchain technology, which was originally named Bitmonero.

Should I invest in Monero (XMR)?

Monero’s recent evolution shows that it should be part of your cryptocurrency portfolio just like bitcoin, ethereum, or litecoin etc. Of course, it is more a diversification product than a main investment. Just like any other cryptocurrency, Monero has had an upward tendency during the month of February, reaching a maximum price of $275 (USD) . Following Bitcoin’s  last week’s technical downturn, Monero has reached a resistance level with a price around $220, which is good news for those who want to invest in this cryptocurrency. The market capitalization of this digital cryptocurrency exceeds the 3 billion dollars and XMR is among the top 15 most popular cryptocurrencies. It is for these reasons that professional traders, investors and savers, are confident about its development prospects.

How can I buy this cryptocurrency?

Union Btc offers you the possibility of acquiring and storing Monero, easily, fast and safely. You can pay by credit card, bank transfer, or use our system of virtual currencies exchange (bitcoin, ethereum, litecoin)

Union Btc is a regulated cryptocurrency exchange platform. We offer advice to particulars who want to invest in bitcoin and in any other virtual currency. In addition, our trading experts will offer you advice on how to trade digital assets in order to generate capital gains.

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