Monero Fundamental Analysis
Monero is an open-source protocol based on RandomX. The privacy-focused cryptocurrency was released in 2014. The cryptocurrency gained its popularity due to the preservation of anonymity, untraceability, and security of currency transactions. Monero is open-source and its work is based on ring signature technology, an electronic signature that can be put by every holder who has keys. Analysts of the cryptocurrency markets believe that Monero is waiting for further growth. This is due to the work of blockchain technology, which pays maximum attention to the anonymity and security of its users. Today cryptocurrency attracts a large number of users, as well as service providers and goods that use XMR for their payments.
Curr. Supply/Total Supply
Monero Live Price Chart
Monero Technical Analysis
Despite the fact that 100% accurate technical analysis for Monero cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated XMR buy-and-sell rating for selected timeframe. The summary for XMR/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Monero Price Prediction
Below we have collected the most reliable price projections for Monero (XMR) from popular forecast platforms.
#1. WalletInvestor XMR Price Prediction for 2021 and 2025
According to WalletInvestor, Monero price will grow from $346.4861399999999 to $470.209 in one year. That makes XMR a awesome investment. The long-term earning potential is 35.71%. Predicted price for the end of 2026 is $910.151.
#2. TradingBeasts XMR Price Prediction for 2021-2022
Answering the question about if Monero is a good investment, TradingBeasts say resounding yes. In the 2021 perspective, this coin price is predicted to reach $351.204 with a growth to $415.530 by the end of 2022.
#3. DigitalCoin XMR Price Forecast for 2021-2025
In DigitalCoin analysis, the price of Monero cryptocurrency will rise in the next 5 years starting from $343.871 as of today’s price to $1487.472. It will go up to $583.838 by 2022 and continue its growth in 2023-2024. Based on the forecast, Monero is profitable long-term investment.
#4. LongForecast XMR Price prediction for 2021-2022
In 2021, the average price will go up to $444.5. In 2022, Monero’s price will raise significantly to an average of $795.75.
As it can be clear from the analysis cited above, Monero (XMR) projections are rather contradictory. There is no universal consensus either about positive or negative future XMR price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Monero projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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