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Monero: Tail issuance in June – XMR nears $200

 


Tail emission is one of the key differences between Monero and Bitcoin. While there will only be around 21 million bitcoins, Monero has no upper limit. Instead, the miners should continue to be subsidized and receive 0.6 XMR per block in addition to the transaction fees.


In theory, it is assumed that the transaction fees would not be enough to offer the miners a permanent incentive. This means that the total amount of XMR continues to increase, which should be compensated for, for example, by the fact that coins are lost again and again.


Currently, the emission rate is already 0.613884 XMR and is thus approaching the target value. The tail emission starts at block number 2,641,623, effectively preventing the block reward from falling to 0. The launch is therefore expected to take place on June 9th.


XMR price succeeds in recovery

May 12th was a dark hour for the crypto market and as such the recovery XMR has been able to make up to here is more than worth noting. At the time of writing, Monero is trading at $192 and targeting the $200 mark. The low on May 12 was $113.


Nevertheless, investors should not react too euphorically to this development, because there is still no positive signal, which suggests that BTC can also recover well. If the key currency of the market should eventually fall below 25,000 US dollars, it remains to be seen whether XMR will also be sold off in the end.


So far, Monero can boast of being the gold standard for anonymous transactions. Apart from the current events on the market, which are reflected in the short to medium term, Monero has a unique selling point. This circumstance creates both opportunities and risks in the long term. Because from the point of view of supervisory and law enforcement authorities, radical data protection is undesirable. However, should “privacy coins” experience a renaissance, then there is no way around Monero.

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