Can Monero survive exchange de-listings and low merchant adoption?
Can Monero survive exchange de-listings and low merchant adoption?
This year has been very hard for Monero as more exchanges decided to de-list the coin from their platforms. I’ve now read an announcement from LocalMonero that they will be shutting down their operations (a pity, because it was a good P2P exchange). If this keeps up, we won’t have a way to buy/sell XMR with crypto or Fiat. Adoption for privacy coins is decreasing each day. We can blame government pressure (especially the US government) for this.
Do you think Monero will be able to survive this? Does it still have a future? As for Local Monero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance.
Monero is loved for its privacy. It has a very strong user base and it can be mined using a CPU. So Monero has everything to call it a people’s cryptocurrency.
Yes, Monero is among the few currencies that have proven to provide privacy, so it will have demand, and this demand will lead to the creation of more Monero services, or at least the move to dark web links.
Decentralized services are still a good place to use these services, such as bisq.
The privacy coins are gonna lose its users caused by people know that if they are fine even if they are trading by verifying their identity. Almost all of privacy coins have been going to the hell. I remember there were a lot of privacy coins in the previous years. We are only seeing a few that is still exist this time. I remember a coin like veil but almost all of privacy
Monero has been well loved by many investors. It is definitely one of the most used and valuable coins out there however everything has its limits. With the government breathing down our neck, I know it will only be a matter of time before the government took interest in monero. I however think it can survive if we are just talking about utilization.