Monero is the most significant privacy-focused cryptocurrency on the market. It was created in 2014. The main feature of Monero is mixing of transactions in the blockchain. Third parties can't see amounts of money sent in transactions and addresses participating in operations, so all payments are untraceable. The developers are keeping it ASIC-resistant. It saves this network from centralization and gives an opportunity for GPU owners to earn something from mining Monero.
Despite its lack of serious marketing campaign Monero has gained a strong following on different forums and social media platforms. In 2016 the price of Monero began to grow. Nowadays this currency is one of the top 15 cryptocurrencies by its market cap. |
| Launched |
|---|
2014 |
Website: |
| Asset type |
Coin |
| Blockchain list |
| Price usd |
118.7 |
| Subreddits |
Subscribers: 364,397Community age: Apr 24, 2014 |
| Telegram groups |
Members: 7,926 |
Red Pulse Phoenix (PHX) is currently based on the NEO protocol. It is listed on the number of exchanges paired against various cryptos. PHX tokens incentivise content creators of the Red Pulse research platform. |
| Launched |
|---|
2018 |
Website: |
| Asset type |
Token |
| Blockchain list |
| Price usd |
0.170263 |
| Subreddits |
Subscribers: 691Community age: Oct 13, 2020 |
| Telegram groups |
Monero is the most significant privacy-focused cryptocurrency on the market. It was created in 2014. The main feature of Monero is mixing of transactions in the blockchain. Third parties can't see amounts of money sent in transactions and addresses participating in operations, so all payments are untraceable. The developers are keeping it ASIC-resistant. It saves this network from centralization and gives an opportunity for GPU owners to earn something from mining Monero.
Despite its lack of serious marketing campaign Monero has gained a strong following on different forums and social media platforms. In 2016 the price of Monero began to grow. Nowadays this currency is one of the top 15 cryptocurrencies by its market cap. | Red Pulse Phoenix (PHX) is currently based on the NEO protocol. It is listed on the number of exchanges paired against various cryptos. PHX tokens incentivise content creators of the Red Pulse research platform. |
| Launched | |
|---|---|
2014 | 2018 |
Website: | Website: |
| Asset type | |
Coin | Token |
| Blockchain list | |
| Price usd | |
118.7 | 0.170263 |
| Subreddits | |
Live Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentIn a scenario where you choose to include one coin in your portfolio but are uncertain, take a closer look at these two. This article is dedicated to the Monero (XMR) vs Red Pulse Phoenix (PHX) comparison for investing purposes, highlighting the most important aspects of this discussion.
First things first: the market capitalization. It's always better to invest in a well-established coin than a relatively new project. A large market cap means low volatility, whereas a small market cap means the coin will be extremely volatile and risky to trade – but can also bring huge rewards.
See if the coin has reasonable market cap and valuation for now – sometimes people speculate with coins which don't deserve a single dollar spent on them.
Proof-of-Work, Proof-of-Stake, or any other algorithm. Every protocol uses a specific algorithm for consensus – and therefore it brings some particular traits and advantages. Compare both coins by the consensus mechanism to find similarities and differences. Does it fit your preferences?
Every blockchain has a particular transaction throughput (TPS) level. The higher the transaction speed, the better – but do not consider this to be a primary factor in choosing a blockchain. Layer-2 solutions are also essential for scalability.
Supply and emission schedule play a crucial role in determining the price of any coin on the market. See how many coins will ever exist and how many are already in circulation. How are new coins emitted? Will there be any further halvings or supply increases?
Finally, it all comes down to real adoption. What real-world problems does the coin help solve? How active is the community around it? Does it have real use cases and on-chain activity statistics?
Neither of these coins is a better option in every possible situation – they serve different users. Determine which of them matches your preferences and needs the most, and make your decision accordingly.
Phoenixglobal Subscribers: 691Community age: Oct 13, 2020 |
| Telegram groups | |
|---|---|
Monero xmr Members: 7,926 | |
Live Market SentimentLive Market SentimentLive Market SentimentCryptogeek.info publishes independent, factual comparisons. Our ratings are not influenced by commercial relationships.
