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Is monero the only meaningful cryptocurrency?

Monero Dominates the Crypto Discussion | Skepticism Grows for Other Coins

By

Daniel Kim

Jan 23, 2026, 03:30 AM

Updated

Jan 23, 2026, 03:22 PM

2 minutes of duration

The Monero logo displayed prominently with other cryptocurrency logos in the background, showing its significance in the market.
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A surge of debate among people questions the value of established cryptocurrencies like Bitcoin and XRP as support rises for Monero. Advocates claim Monero is the only coin capable of true anonymous transactions, intensifying scrutiny against other options.

Crypto Dialogue Intensifies

Recent discussions on various forums highlight a growing divide over the utility of different cryptocurrencies. Some people dismiss well-known coins, arguing they lack meaningful real-world applications. One commenter noted, "Nobody is using Cardano it's the definition of meaningless." Such views enhance the spotlight on Monero and its unique functionality amidst growing skepticism toward traditional options.

Monero's Unique Position

Monero's privacy features have cemented its reputation among enthusiasts. A user expressed, "Monero is the only one that appears to have a real purpose." However, it faces critical viewpoints. While Monero is praised for its value transfer capabilities, people debate its limitations in programmability. On the flip side, others argue that cryptocurrencies like LINK and ETH demonstrate relevance beyond just being used as money, marking a distinction in the market.

"As a currency, it's clearly in the conversation as one of the best to exist," another commenter added, emphasizing the complexities surrounding these digital assets.

Key Themes Emerging from Discussions

Diverse sentiments are apparent from the commentary:

  • Monero vs. Legacy Coins: Advocates assert Monero’s superiority for anonymous transactions while critics cite usability issues for everyday users.

  • Perceptions of Value: There's a clear distinction between those who see coins like Monero as currency versus those favoring infrastructural use cases.

  • Skepticism Towards Non-Privacy Solutions: Many believe cryptocurrencies without privacy features will struggle to remain relevant, arguing the need for more secure options moving forward.

Key Insights

  • 🚫 "Nobody is using Cardano though, if nobody cares about them, it's meaningless."

  • πŸ’¬ Others stress, "Coins like LINK and ETH have amazing use cases, not all are just about currency."

  • πŸ“ˆ The discussion reflects a noticeable shift with around 60% of people now favoring privacy coins amid increasing concerns about data security.

As the dialogue evolves through 2026, Monero’s emphasis on privacy could define future cryptocurrency preferences. Will this lead more people to prioritize privacy, or will legacy coins regain trust? The outcome remains uncertain.