The forecast for the calendar year is around $ 650. Furthermore, the five-year forecast is around $ 2000. This ensures that from the present level as well, the appreciation which can be attained in this cryptocurrency is significant.
The main reason why such an appreciation is possible is owing to the fact that it is actually a completely anonymous cryptocurrency which upholds the principle of blockchain as well as cryptocurrencies.
In the past, even the law enforcement agencies have tried to discover the transacting parties but have failed. This is the reason why the potential in this particular cryptocurrency is immense. Many users all over the world are looking for completely anonymous cryptocurrencies in order to transact. This is the reason why this cryptocurrency can gain immense traction among such users as well.
Also, it has fallen from the peak like most of the other cryptocurrencies. Thus, it might be a good idea to buy it at the current prices. This will ensure that in the future, you will be able to get a good return as well.
In the future, if the anonymous nature of the cryptocurrencies is not maintained, only, in that case, it will not be able to provide you with any kind of appreciation. As long as the cryptocurrency is anonymous, you can be sure that the kind of appreciation which will be enjoyed by the cryptocurrency will be immense.
Moreover, the cryptocurrency regulations can actually be a threat to this cryptocurrency. This is the only thing which you need to look out for when investing in this cryptocurrency. Since it is decentralized and not controlled by a single Association, the future actually looks bright for this cryptocurrency.
Thus, if you’re looking for a cryptocurrency to invest in for the next couple of years, Monero surely seems to be one of the best options which you can invest in. It will help you in diversifying your portfolio easily as well.