It seems like this is one of the few alt-coins that has real value. Not only can it be used anonymously, it can be used to hide the origins of any cryptocurrency.
It doesn't have any institutional investors, nor it will have. So value is dependable of individuals, and selling of it will become harder and harder while regulations are tightening.
In the future, it's mandatory to prove the origin of money / crypto, and since monero doesn't have money trail, it's clashing against
MICA and other regulations. CEXes already know that enabling monero trading would lead to sanctions, fees and jail, so they are complying with regulators. Because they want to have a future, just like financial investors.