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Monero bulls on parade
Monero is still far more bullish than Bitcoin, as you can see in the chart ranging from 2015 to today. Still, XMR doesn't get the attention that it deserves. CryptoNote is more secure, private, and decentralized, so I expect Monero to prevail in the long run over Bitcoin.
As we can see from the linear regression above, Monero rarely falls below -2 standard deviations, and it tends to retrace when it hits 2SD. As I said in the earlier chart, I expect the price to eventually regress to the mean of ~0.025 at some point. So it's still cheap right now. Depending on what happens, we might see it peak between 0.036 and 0.040 in the next 6 months.
(Unfortunately, TradingView won't display my rotated rectangles correctly.)
As we can see from the linear regression above, Monero rarely falls below -2 standard deviations, and it tends to retrace when it hits 2SD. As I said in the earlier chart, I expect the price to eventually regress to the mean of ~0.025 at some point. So it's still cheap right now. Depending on what happens, we might see it peak between 0.036 and 0.040 in the next 6 months.
(Unfortunately, TradingView won't display my rotated rectangles correctly.)
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