First, let's look at the facts:
- It is currently the only coin in the market with full anonymity. No coin has the level of privacy of Monero.
- It has a current circulating supply of only 14,883,938 XMR, less than Bitcoin's 16,487,100 BTC
- It is currently the 10th largest coin with a market cap of $654,570,559
Issues and why it may be undervalued right now:
- The majority of people still think Bitcoin and other coins are anonymous even though it has been proven they aren't. The majority of people also do not care about full anonymity since they already use Google and Facebook every day.
- Lack of wallets, including a mobile one
- People are looking for short-term returns instead of long-term
- UI is not user friendly. Official app is sluggish
Long-term potential:
- Mass adoption in the dark web due to Monero's unrivaled anonymity.
- The number of dark web users are only increasing. More people are using the dark web to purchase untaxed goods.
- Every day more people are becoming more aware of how much companies and governments store information about them.
- Hardware wallet support, mobile wallets, more exchanges offering Monero would increase adoption
What are your thoughts on the future of Monero?
-CryptoCouch