Monero (XMR) Reached $100 For the First Time in 2020

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Monero (XMR) is one of the top privacy coins in the crypto space. Many people call it "the Bitcoin of privacy coins". As a trader, Monero offers a lot of opportunities for profit as it is a solid project in a fundamental sense that also has quite a bit of speculation on top.

With the latest run-up, I am taking profits at $100 and waiting for a pull back to the $90-92 range. At that point, I'll re-enter the position and wait for a rally beyond this $100 resistance level.

The Bigger Picture

Looking at the bigger picture for Monero, you can see that we've tripled in valuation since the March lows of this year. Rallying from $30 all the way up to the new high for 2020 of $100.

For a short-term trade, I'm eyeing that ~$90 level as you can see in the first chart.

For a long-term accumulation play, I'll wait to establish a large position for the long-haul until we pull all the way back down to sub-$70 -- around the $65 level is an ideal accumulation range in my opinion.

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I feel like I'm shilling because I say it all over the place, but I think privacy coins are only gonna get bigger and bigger over the next 5-10 years.

Governments are gonna get more and more aggressive, which is gonna drive privacy coins down underground and the prices up!

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Is it shilling if you're absolutely right?

Privacy coins, mixing ops and coinjoins will be the talk of the town over the next several years. As crypto prices rise, you'll see the importance of these rise alongside it.

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Haha! I hope I am right :-) I have been investing heavily (for me) in a privacy microcap.

Since I'm shilling i will just continue.

DAPS Coin. It has a colored past but lots of great tech and allows mining, staking, AND masternodes for income generation.

https://officialdapscoin.com/

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