Monero is my 2nd favorite Cryptocurrency after Ripple.
Monero is also known by its code XMR is Cryptocurrency which was launched in the month of April 2014. Unlike other Cryptocurrencies, Monero is an open source and private Cryptocurrency which focus on scalability and decentralization as well. Monero was not launched by this name but as BitMonero but later within a week, the team behind this Cryptocurrency has renamed it Monero only because it is short and its meaning in the Esperanato language is "Coin". It took same time Monero XMR to become a market sensation. In the mid of 2016, the market cap of Monero has been increased from $5 million to $183 million, where in the mid of 2017 it has been already reached to $720 million.
XMR is usually misguided as Cryptocurrency like Bitcoin while it should not be because it work in a totally different way. It is must faster, private, secure and inexpensive digital currency which can be used as a payment source in the world. Bitcoin is more likely a wire transfer currency due to which the owners of BTC have to pay the wire transfer fee where is no such fee exist for Monero XMR because there is no wire transfer. due to this feature of Monero XMR the charge back of the fraudulent and multi day holding periods are NIL
XMR is not centralized by any currency due to which this currency can not be eligible for tax and no country can shutdown it by the law. In other words the economy condition of a country will not affect the value of Monero XMR. The value of Monero will only increase and decrease if it has been trading in the market very fast or slow respectively.
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