Back in 2018, Monero was described as the “Sleeping Giant of Cryptocurrency.” That label came from Monero Outreach, which emphasized that Monero does not rely on aggressive marketing strategies to promote XMR. Instead, it focuses on technological improvements, mathematics, and privacy innovation. Monero’s community-driven nature and decentralized development model continue to set it apart from many other cryptocurrencies. Unlike coins dependent on ASICs, Monero uses a proof-of-work algorithm designed to be resistant to ASIC mining — meaning you can mine it even on laptops or Android phones using the right software.
But does Monero still live up to that “sleeping giant” status today? All signs point to yes.
Dr. William J. McKibbin, a risk modeler and decision analyst with decades of experience, remains a vocal supporter of Monero’s fundamentals. In October 2021, InvestorPlace echoed the same sentiment by referring to Monero again as a "sleeping giant."
While Monero may not grab mainstream headlines like some other crypto projects, its endurance speaks volumes. Launched in 2014, XMR remains the leading privacy coin. Many coins that gained attention in the past have since faded, but Monero has stayed relevant due to its core strengths in privacy, decentralization, and fungibility — features that are becoming even more important in light of increasing government scrutiny and taxation, such as the controversial crypto tax proposal within the U.S. Infrastructure Bill.
Why Monero remains attractive in 2021
Monero continues to be the top choice for investors who prioritize financial privacy. Its transactions are untraceable, and both senders and recipients remain anonymous. Unlike many blockchains, Monero does not expose transaction data to the public. Its strong cryptographic methods, combined with a decentralized proof-of-work system, make it highly resistant to hacks, spoofing, or DDoS attacks.
Thanks to the absence of transaction IDs or traceable histories, Monero is also fully fungible. No XMR coins can be "tainted" or blacklisted. This makes it an ideal medium of exchange for users who want true anonymity and financial freedom. The Monero community — composed of developers, miners, and users — is vibrant and continues to innovate. One major milestone was the introduction of the Atomic Swap feature, which enables users to exchange Monero for Bitcoin without the need for centralized intermediaries or custodians.
XMR Price Forecasts for Late 2021
As of the time this article was written, the price of 1 XMR is $246.91. Here are the projections made by leading crypto forecast platforms for the end of 2021:
– Trading Beasts: $388
– Crypto Ground: $438
– Economy Forecast Agency: $327
– WalletInvestor: $470
– DigitalCoinPrice: $437
– CoinPedia: $270
While no prediction is guaranteed, the forecasts indicate potential upside — especially for investors who appreciate Monero’s unique value proposition as a privacy-focused digital asset.
Should you consider adding Monero to your portfolio?
If you’re building a diversified crypto portfolio and want to include assets that prioritize anonymity, Monero is worth considering. As always, it's essential to conduct your own research and evaluate both risks and rewards before investing. Ensure that your devices are secure and free from malware. Using both hot and cold wallets is advisable for better asset protection.
For managing your XMR securely and easily, consider using XMRWallet. It’s a browser-based, open-source Monero wallet that requires no software installation. The platform supports multiple languages and allows users to import past transactions without fees. With XMRWallet, you're in full control of your coins and keys, enabling fast and private Monero transactions.
