Can anyone tell me why XMR is so cheap despite being so damn powerful, I always try to look at the negatives and positives and good old XMR is one of the most undervalued coins out there, any of you can venture an educated guess on when will it go to its fair price?
It had quite big emission in first 4 years, that is extremely slowing down.
Its protocol dont base on Bitcoins so all infrastructure had to be build from start. This made Monero hard to enter on any exchanges or wallets or any other service. That company had to make an extra mile to add Monero. When with Bitcoin clones or ETH tokens was copy/paste job. Another thing to add at development is that original creator left and those developers that joined in 2014 did not know each other and know what to expect from each other. To me it is actually amazing it all went as it went in 2014 and 2015. But developing then was slow since whole code was rechecked and rebased. Also all work was voluntary. There was no crowdfunding. No ICO or IPO or company or a foundation. Just a simple opensource project.
The third thing is fear. Most people believes that anonymous currency brings problems but they actually solves them. You sort of need a mental click to understand how valuable Monero is and what fungibility gives you.
Fourth is that there is way less promotion and asking services and merchants you will not use to add Monero. As it is with other coins.
Fifth, there is way less market manipulation because no one got coins for almost free and cant afford that many to manipulate market.