Monero has one main purpose, to ensure privacy between users and it arguably does it better than any other cryptocurrency by offering privacy by default.
Pros: - Atomic swaps might be released by the end of the year allowing for trust-less BTC<->XMR swaps - Grayscale considers launching a Monero trust, if it happens they would probably be accumulating right now - Michael Saylor mentioned in a podcast that if people want privacy they should "just use a Monero" - Averaging around 4x the number of transactions since the last ATH in 2017-18
Cons: - Exchanges in Australia and the UK aren't allowed to list XMR - Possible regulatory scrutiny by other countries targeting privacy coins - Associated with crime (some could see this as a pro)
There are many more pros and cons, which I might add in later. Targeting $420 by year's end.