Monero is looking good. Here are some reasons I think Monero will outperform most other alts.
As of yesterday, FCMP (full chain membership proofs) are live on Monero's testnet. Currently Monero uses decoy rings with 16 transactions, 15 of which are decoys and 1 of which is the real transaction. This enables very good privacy by default for all Monero transactions but is vulnerable to probabilistic analysis in some situations. FCMP increases the ring size to include every transaction ever made on the Monero blockchain. This will make probabilistic analysis impossible, increasing the privacy of Monero transactions exponentially. It's the difference between hiding in a crowd of 15 other people, some of which may already be known to not be you, versus hiding in a crowd of millions of people who all look exactly like you.
Qubic's reorg attacks on Monero have ended, it was costing them too much money and they have moved on as far as I know. No 51% attack actually occurred despite some irresponsible reporting by crypto news outlets. Monero devs are working hard on ensuring this is not an issue in the future and a few viable solutions have been proposed.
Privacy coins are hot right now. In a world with CBDCs, digital IDs, mass surveillance, constant data breaches, and 5 dollar wrench attacks (well probably $8 wrench attacks nowadays), people want ways to protect their privacy. Every day more and more people are realizing the importance of it. This point was highlighted for me the other day when I was talking to my elderly father and out of the blue he was asking me about Brave browser and what VPN he should use. I hadn't really talked to him about anything privacy tech related before, so this surprised me. Normies will come around to private digital cash eventually, you better believe it. Trust in institutions/governments is at a lower level than I have seen in my entire life. People are going to want to secure their wealth outside of the banking system and they are going to want to do it privately. Monero has the largest market cap of any privacy coin, and has the most merchant adoption. It's not outside of the realm of possibility that it could be relisted on some exchanges given the current regulatory environment. It's still listed on Kraken, MEXC, and Kucoin, and many smaller exchanges. Apps such as Cake Wallet also make swapping into Monero from other chains using instant swap services very easy. Decentralized exchanges are another option, the UI of which will continue to improve and make it easier for users to buy Monero.
Monero has proven it's resilience by outperforming many altcoins this cycle, even with delistings and the Qubic attacks. It's inflation rate is lower than gold, bitcoin, most alts, and the dollar.
Monero development is entirely community funded, there is no dev tax, no premine, no VCs. It was fair launched with no ICO. No corporation is behind Monero, just a rotating cast of highly based open source devs.
Monero is scalable. Monero has dynamic block sizes that allow for the block size to increase or decrease based on network demand. Fees are cheap, making Monero ideal for use in payments.
Most importantly of all, people actually use Monero. A wide variety of merchants accept it.Β I've been using crypto since 2017 and Monero is the only coin besides BTC that I find myself actually using IRL for reasons beyond investing.
It is the only coin besides Bitcoin that I can easily find buyers for in any major city for P2P nonkyc offramping. The street price for $XMR is 5 to 10% higher than it is on exchanges.
I will do another post going over all the different ways you can use Monero to get goods and services such as @xmrbazaar. You can also use it for tipping creators with XMRchat.
I truly believe XMR will continue to grind up, gain more adoption, and outperform most altcoins.
DYOR NFA I have no idea what the fuck I am doing.
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