Monero {XMR} recovers; U.S. Congressional candidate welcomes the need for privacy

Monero is ranked at #14 to the south of LEO and Cardano in the market. The trading volume recorded stands at approximately $87.086 million, while the supply has 17,260,699 XMR coins in play as of this very moment. The total market cap of Monero amounts to $922.100 million for now. The price grew at a rate of 0.74% in the course of the past 24-hours; this led to XMR rising all the way up to $53.42 where it presently holds.

Agatha Bacelar is a congressional candidate who is opposing Nancy Pelosi for the 2020 elections. In a conversation highlighted by Riccardo Spagni [the co-creator of Monero], Agatha stated,

everyone should have a right to privacy–and by extension–the right to use privacy coins. I would compare this to the use of cash today. Today, we can go into a store, pay for something in cash, and not leave a trace about our identity. That should still be possible with digital money. I understand that exchanges should have KYC [Know Your Customer] and AML [Anti-Money Laundering] programs. But once someone has brought a coin, even if it’s a privacy coin like Monero, they should be able to transfer it…

Irrespective of Agatha’s victory, this entire statement has won over a large chunk of crypto-enthusiasts who shall support her in her race to the zenith. Monero, alongside Zcash, Dash, LOKI, and other privacy-based projects, has been facing a ton of negative attention; several leading exchanges have decided to remove support for such currencies from their platform.

Bitcoin maximalists hold the opinion that such digital currencies won’t survive. For once, XRP fanatics have agreed with them. But Monero is already being used by thousands in China, Thailand, Latin America, and various other regions. The solitude and need to stay anonymous on the Internet is a crucial detail; Monero’s fungibility makes it a highly sought after coin. Although, tail emission is also an interesting aspect associated with XMR.

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