What will happen to Monero after March 14
News tapes are stating that Monero has grown by almost 11% over the past 24 hours. This is attributed to the upcoming hardfork of the MonterV cryptocurrency: presumably on March 14 at block 1529810 the MoneroV blockchain will separate from the mother circuit, and all MNR holders will receive new coins in the 1:10 ratio.
We are not going to predict the future of MoneroV. But we can assume that Monero in the second half of March is waiting for a sharp drop. This is due to the behavior of the crypto-investors: they are purchased by the "mother" cryptocurrency on the eve of the hardfork, inflating its price, and after receiving new coins they sell the old ones, bringing down the rate.
Since the beginning of the year, this has already happened to the hardfork of two blockchain, Zclassic and Bitcoin, as a result of which the Bitcoin Private cryptocurrency appeared. Then the price of Zclassic jerked up, but after the separation of BTCP in late February, more than 80% collapsed.
Monero VS Ethereum
Monero and Ethereum do not resemble each other and serve different purposes. However, both are among the ten largest cryptocurrencies and are the object of attention from investors. Which сryptocurrency is better?
Ethereum - the second by the capitalization cryptocurrency, connected with the main platform for today's smart-contracts. Despite the fact that "Ethereum killers" appear regularly, no other site has been able to circumvent the Ethereum smart-contracts. On the other hand, Ethereum is an attractive target for hacker attacks, several of which were successful. Recently, the course of the cryptocurrency is tending to go down. And by the volume of trading in the last 24 hours it was bypassed by Ripple.
Monero is one of the anonymous cryptocurrency. The optional encryption protocol makes it almost impossible to track transaction participants. In addition, in mid-March, MoneroV's hardfork is expected, in which for each Monero coin users will receive 10 coins of a new, even more secure cryptocurrency. The growth of Monero in recent weeks is largely due to the upcoming hardfork, which investors want to earn. It is possible that after this the Monero rate will dramatically go down.
On one side of the scale are smart-contracts and the need to strengthen security. On the other - fast hardfork and anonymity of transactions. Where to move on-is up to you.
ICO calendar for the upcoming week
0⃣6⃣ March
Obirum - Obirum is the world's first blockchain browser with a wallet simple and secure.
RepuX - Decentralized Data & Applications Platform for Companies and Developers.
0⃣7⃣ March
The Abyss - The Abyss is a next-generation gaming platform.
Vesa Token (pre-ICO) - Vesa is a fintech startup that allows newbie investors effectively earn on cryptocurrency rates.
0⃣8⃣ March
Multiven - Defending Bitcoin and public blockchain network nodes against cyberattacks, powered by the world's first blockchain-based open marketplace for IT hardware, software and services.
Bills - Bills is a technology that allows placing advertisements to an outdoor billboard located in any place of the world, within a couple of minutes without even leaving the office.
PHI TOKEN - Hybrid platform for investments.
0⃣9⃣ March
Coinvest - The world’s first decentralized investment trading market for cryptocurrencies.
Assistive Reality - Assistive Reality are releasing amazing Augmented Reality apps on Google Play and Apple Store in 2018, and will use ARX tokens to power the apps, content and experiences including real-world AR zones.
1⃣0⃣ March
Zupply - Zupply is the new Supply BlockChain system for the new Era in industrial sector.
TimeBox - Decentralized custody service of digital assets.
Akaiito - Akaiito is P2P platform functioning on blockchain system and giving to every crypto holder opportunity to spend their crypto in everyday life.
1⃣1⃣ March
OnLive - An open and decentralized platform for video broadcast and remote consultations markets.
THANK YOU FOR READING
Coins mentioned in post:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@cryptogecko thank you for time to crunch the news! Really helpful ! ^
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit