Since the Cryptocurrencies have come into space, different retailers are using them for payment purpose and this is what that grows the value of any crypto. By using more coins, the price of that digital asset ultimately goes up with the time. Monero (XMR) is a privacy coin which makes it perfect to be used at different vendors.
Recently, one of the most famous games in the world Fortnite has started accepting Monero (XMR) payments on its online merchandise. This is some good news for Fortnite gamers because they would now easily buy any Fortnite products by paying in XMR/USD pairs.
This is a good start to 2019 for Monero (XMR) because Fortnite is certainly the most played game at the moment and this tells us that there are lot of users who are connected to Fortnite platform. So, this will help Monero (XMR) to go one step forward towards mass adoption.
Cryptocurrency being a newly emerging network has attracted a lot of people towards itself and especially privacy coins are the ones people usually opt to. Monero (XMR) has certainly one of the best privacy features and this puts it on the verge of more adoption.
Heading into long-term, Monero (XMR) is well directed and looks to gain positive momentum at the very beginning of this new year. Monero is not just private, but it is also untraceable which separates it from other top cryptos. Furthermore, its fungibility is another big feature which does not allow it to get blacklisted by any exchange because of its coalition in the foregoing transactions.
So, moving on Monero (XMR) is all set to thrive its market and it will look to enter the top 10 coins in the coming time. At the moment it trades on 13th place in the market ranking.
At the time of writing, Monero (XMR) was trading with a price of $50.82 USD with a market cap of $850 million and a trading volume of $19 million. In the last 24 hours, XMR was rising up with a rate of 1%. Hoping to see XMR adoption increase in coming time, the market cap and trading volume would also surge upwards.