Monero, an open-source cryptocurrency, is now available on the non-custodial, multiplatform wallet Guarda, as announced by the wallet on their twitter. Monero will be joining 10k tokens on the wallet among 40-plus blockchains.
The crypto exchange on the wallet is simple, seamless and secure. It allows you to convert one cryptocurrency to another in less time and with less hassle. Monero’s newfound identity on the wallet would mean that it could be on the leagues with the crypto giants like BTC.
— Guarda (@GuardaWallet) May 20, 2019
Guarda took to Twitter to ask it’s Monero wallet users if they had any questions or queries regarding it. This could very well be the best Monero wallet out there as the cryptocurrency scales upward. There’s value to be found by Monero in Guarda.
So far, only four other cryptocurrencies have had their wallets on Guarda namely Bitcoin, Litecoin, Ethereum, and Ripple. They have reared the benefits of the wallet and are now moving further in the pipeline giving way to the newcomer Monero.
Monero’s placement among the big league is proof enough that it holds value and there’s more power in the token than meets the eye. In the coming weeks, there will be enough data to make concrete predictions about the state of Monero as compared to the other leading cryptocurrencies.
Is Monero Competitive Enough?
Having Monero on their wallet, definitely means that Guarda thinks that the token has potential, and the data present does show promise. Currently, there are 17 million Monero tokens in circulation. This is in spite of the more popular tokens in the market.
If things go better from here, Monero will be seeing the heights of an interesting hike as its price climbs. Although there was a dip in its price last year, this year has seen a constant rise in its price.
John McAfee, a well-known expert, and influencer in the crypto market has been constantly voicing his opinion that Monero has the potential to challenge Bitcoin in the long term. And seeing the surge in Bitcoin in the recent weeks, it feels a little too competitive to say that. He has been supporting Monero for a long time now.
It remains to be seen if there will be changes made in the technology that will enable Monero to have a competitive advantage over other tokens. Now that it is on Guardo, more people will be able to trade in the token, and if they find the experience better than other cryptocurrencies they trade in, they will surely start converting currencies to Monero.