I admittedly have a lot to learn about #monero. It seems superior to #btc in many ways. What reasons do you attribute to it having such a small market capitalization compared to #btc ?
Removed from major exchanges?
Coded years later?
Network effects?
Other?
It's simple, it's a coin that has a change to take power from banks and from state, thats why the delistings the bans and prohibitions on countries, and that's why paid influencers talk shit about it.
Bitcoin as it is today, in the same conditions of Monero would worth near 0.
And Monero doesn't have the points of failure of bitcoin if the legislation turns against it, and it js the only one coin battle-tested against censorship.
So see the difference, a coin that is supported by the system and the banks has had difficulties surpassing its all-time high, while a coin that is increasingly banned and delisted remains in the top 50 by market cap.
However, there is a significant difference, it continues to be the number one currency used for payments, not even Bitcoin can beat that mark.
It makes you think, doesn't it?
95% or even more ppl who own Bitcoin are in for more fiat. They are interested in gains. Bitcoin has a lot of big players, hedge fonds, govs etc. So in reality not really great for a coin which should be used for P2P as the narrative switches from P2P cash to digital gold. Ppl just hold it. That all pumps the volume and the market. Bitcoin is wrong promoted, as privacy solutions, as censorship resistant solutions which is all wrong in some way and ppl think that's all true.
Monero on the other hand is used for P2P, as digital cash. It's not that easy to get Monero (but also not hard) as it is delisted.
