Is Monero a mainstream currency or a side currency?

Due to the lack of high market value, extensive exchange support, merchant acceptance and long development history, Monero is not currently classified as a mainstream currency, but belongs to the secondary currency category.

Monero: Mainstream Coin or Sidestream?

Monero (XMR) is a privacy coin designed to provide anonymous and untraceable transactions. However, its mainstream status is controversial.

Characteristics of mainstream coins

Mainstream coins usually have the following characteristics:

• High market value and market capitalization
• Be Wide exchange and wallet support
• Widely accepted by merchants and institutions
• Has a long history of development and use

Monero and mainstream currencies Comparison

• Market value and market capitalization: Monero’s market value and market capitalization are relatively low, ranking around the top 50 cryptocurrencies by market capitalization.
• Exchange and Wallet Support: Monero is supported by many major exchanges and wallets, but its level of support is lower than that of mainstream coins such as Bitcoin or Ethereum.
• Merchant and Institutional Acceptance: Monero has limited merchant and institutional acceptance.
• History: Launched in 2014, Monero has a relatively short history.

Characteristics of side-stream coins

Side-stream coins usually lack the following characteristics of mainstream coins:

• High Market Value and Market Cap
• Broad Exchange and Wallet Support
• Merchant and Institutional Acceptance
• Long-term development and usage history

Conclusion

Based on the above characteristics, it can be considered that Monero is not currently a mainstream currency. Its relatively low market value, limited exchange support, merchant acceptance, and short development history all indicate that it belongs to the secondary currency category.

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