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Monero - Is it ready to break out?

Monero is one of my favorite Alt coins.  Unlike most Alt coins where, as much as I hate to admit it, I tend to follow the crowd, I like Monero because of its fundamentals.

Monero is used in place of BTC when the users want greater anonymity than what BTC provides.  Yes, this is often on the Dark web buying products of questionable nature, but also on normal Ecommerce sites by people who just don't like everything they do being tracked.

I don't know this for a fact, but I think in terms of Alt coins, Monero is probably the coin most used for monetary value other than BTC. Ethereum is maybe used more often, but not for monetary reasons.  ETH is used to create other coins and for other uses of it's smart contract functionality.  When it comes to buying something online, your choices typically come down to BTC or Monero (and sometimes ZCash and/or Dash).

I think the chart looks great.  It's been growing at a nice steady clip.  It is showing higher highs and higher lows.  Right now it is forming a bull flag which typically leads to a breakout to the upside.  When all the other Alt coins ran higher in April and May '17, Monero didn't really take part in that run.



I think the time for Monero to run is approaching.  I am adding to my Monero holdings every chance I get.

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