Monero Price Prediction: Will Monero Be One of the Cryptocurrencies That Survives?

Among the blockchain projects, there are many networks focused on the users’ security. Monero is considered to be the project offering greater security and privacy than Bitcoin and most of the altcoins. Market analysts believe in the future of the asset, considering its recent uptrend. Read our Monero coin price prediction to see if you should buy or sell XMR tokens.

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Monero Fundamental Analysis

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Monero is a decentralized cryptocurrency that focuses on privacy and anonymity. It was launched in April 2014 as a fork of the Bytecoin cryptocurrency. Bytecoin is one of the earliest cryptocurrencies launched in 2012. It was created by an anonymous team or individual using the pseudonym "CryptoNote" and aimed to provide users with a private and untraceable digital currency.

Monero's main objective is to provide secure, private, and untraceable transactions by using various privacy-enhancing technologies.

The motivation behind the creation of Monero was to address some of the perceived limitations of existing cryptocurrencies, particularly when it comes to privacy and fungibility. The founders sought to develop a cryptocurrency that would provide strong privacy protections, making transactions untraceable and unlinkable.

The exact identity of the individual or group behind the creation of Monero remains unknown. The cryptocurrency was launched in April 2014 under the pseudonym "thankful_for_today" on the Bitcointalk forum, which is a popular online cryptocurrency community. The true identity of "thankful_for_today" has never been revealed.

Unlike some other cryptocurrencies like Bitcoin, Monero offers strong privacy features that obscure the sender, receiver, and transaction amounts. It achieves this through the use of technologies such as ring signatures, stealth addresses, and confidential transactions.

Ring signatures mix the spender's transaction with a group of other transactions, making it difficult to determine which specific transaction originated from the spender. Stealth addresses provide an additional layer of privacy by generating a unique one-time address for each transaction, making it difficult to link transactions to a particular recipient. Confidential transactions hide the transaction amount, ensuring that the value transferred remains private.

These privacy features have made Monero popular among users who value financial privacy and wish to conduct transactions without revealing their identities or financial history. Monero's privacy focus has also attracted some criticism, as it can potentially be used for illicit activities. However, it is worth noting that privacy-enhancing technologies are essential for protecting individuals' financial information and can have legitimate use cases as well.

Monero used to operate on a proof-of-work consensus algorithm called CryptoNight, which aims to provide a fair distribution of coins and prevent the dominance of mining by specialized hardware. In 2019 Monero implemented a new PoW algorithm called RandomX. RandomX was introduced to the Monero network with a hard fork that occurred in November 2019. This new algorithm was designed to further enhance security, ASIC resistance, and decentralization.

RandomX is a CPU-centric algorithm that aims to make mining more accessible to a wider range of participants. It is specifically optimized for general-purpose CPUs, making it less efficient to mine using specialized hardware such as ASICs or GPUs. By favoring CPU mining, RandomX seeks to level the playing field and discourage the concentration of mining power in the hands of a few.

The algorithm utilizes a combination of random code execution, virtual machine operations, and memory-hard techniques to create an intensive computational workload for miners. This design choice helps ensure that mining is more resource-dependent and less susceptible to optimization by specialized hardware.

Monero utilizes ring signatures to obscure the true source of a transaction. When a user initiates a transaction, their transaction is mixed or "ringed" with a group of other transactions. This makes it difficult to determine which specific transaction within the ring originated from the spender. Ring signatures provide plausible deniability by ensuring that the true source of the transaction cannot be pinpointed.

Monero also employs stealth addresses to conceal the recipient's identity. Instead of using a recipient's public address directly, a unique one-time stealth address is generated for each transaction. This address is derived from the recipient's public address but cannot be linked to it, thereby enhancing privacy. When funds are sent to the stealth address, only the recipient can derive the private key needed to spend the funds.

Monero incorporates RingCT to hide the transaction amounts involved. RingCT allows multiple inputs and outputs in a transaction to be combined into a single encrypted amount. This ensures that the transaction amounts are obscured, adding an additional layer of privacy.

And finally, Dandelion++ is a network-level privacy protocol that Monero has implemented. It aims to obfuscate the original IP address of a transaction broadcaster, making it harder to trace transactions back to their source. Dandelion++ achieves this by randomly routing transactions through a series of nodes before broadcasting them to the wider network.

The native cryptocurrency of the Monero network is also called Monero (XMR). It serves as a medium of exchange and store of value within the Monero ecosystem. The supply of Monero is also designed to be dynamic, with block rewards decreasing over time. As of June 2023, the circulating supply of the XMR token is 18,294,873 XMR. 

Monero (XMR) is primarily used as a means of conducting private and untraceable transactions on the Monero blockchain. Users can send and receive XMR to transfer value while benefiting from the privacy-enhancing features of Monero.

On August 13, 2022, the Monero network was hard forked, and the support for Bulletproofs+ and view tags was added, the ring size increased to 16, and the fee changed.

Monero Live Price Chart

Compared to the other assets of the crypto market the price of Monero remained more stable over time, despite numerous factors that were affecting the Monero price. At the end of June 2022 to buy Monero traders paid around 112-115 USD, but in just a couple of weeks, the price of Monero grew, reaching 130 by July 8. After 5 days of the stable price the XMR price went up again, reaching $151 by the end of July, and still growing almost till the end of summer as the crypto market more more bullish. After reaching the level of $169 on August 17 the price of the Monero native coin started to decline. In just 2 days it went down to $142, then stabilized around $150 and after some time the XMR to USD price chart went down to trade around the level of $144. 

Till the end of October, the XMR price was struggling to break the resistance at around $146, but finally, on November 4 the value of Monero in USD jumped to $152. But on November 9 the price of Monero was strongly affected by the market bulls and the XMR to USD exchange ratio dropped to $119 on November 10. Straight away the value of XMR started to gain the loses back, but the process of regaining the price took time. By December 12, 2022, the Monero price only reached the level of $151. The price chart then was corrected again, and from December 18 till the end of the year the Monero price was at around $148. 

From the beginning of 2023, the price of Monero started growing again. In one month the price of the XMR token reached $186, which was the highest price level of the period. The token couldn’t maintain such a high price level for a long time, and the Monero to USD price chart established a downtrend that lasted almost till the middle of March. By that time the value of the Monero native coin reached $135, but then quickly recovered, and after a month the value of the Monero in USD was at around $159 and reached $163 on April 17. 

Then after a short correction, the price of Monero returned to the previous level and established a downtrend as the crypto market was affected by the bulls. The Monero price was declining continuously till June 16 when to swap XMR traders paid only $133. In the next few days, the value of Monero went up and reached $138 by June 20. 

The market experts see the XMR price chart to decline more in the coming 5 days, but the overall tendency for the Monero price chart is bullish and the token price might reach the level of $222 by the end of this year. 

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Monero Technical Analysis

In a bird's-eye view, Monero has been trading in a long falling wedge for almost a year, since the spring of 2021, bouncing up and down but steadily declining. It seems that by late March 2022, it finally broke out of this pattern, continuing to rise in price instead of bouncing back down again. However, by early April Monero might have found a new resistance, testing the zone around $225-$230 but not going above it yet. There is still pressure, though, so this may prove to be a temporary setback: watch out closely for a further Monero price breakout.

Monero Price Prediction

Below we have collected the most reliable price projections for Monero (XMR) from popular forecast platforms.

Monero Price Prediction for 2023

As for Monero price predictions for 2023, there are divergent opinions. expects a downturn towards $8.795289, and TradingBeast echoes with ~$0 by the year’s end. Other experts, for example, from WalletInvestor, are more enthusiastic about Monero’s future price, citing upwards of $215.647 in December.
Potential ROI: -49% Sell

Monero Price Prediction for 2024

In their Monero price predictions for 2024, WalletInvestor’s forecasts the coin’s price to go above $206.691 by December. Forecasting Monero's future, expects further growth, too, saying the Monero price will reach ~$224.279882 by that time. On the contrary, TradingBeast keeps predicting Monero price decline, quoting prices around ~$0 in 2024.
Potential ROI: -2% Sell

Monero Price Prediction for 2025

Monero price predictions for 2025 are still predominantly positive, with some analysts promising prices in the $180.994–$278.5175 range (WalletInvestor,, while TradingBeast takes a different view and cites the possibility of the price reaching $0 in December 2025.
Potential ROI: 4% Buy

Monero Price Prediction for 2026 has only pessimism in store for the 2026 Monero price prediction, valuing Monero at $140.724632 by the end of 2026. TradingBeast agrees with a negative forecast and predicts, in turn, $0 for the same period. On the other hand, WalletInvestor’s team is more optimistic — their Monero price prediction for December of this year is just $184.049.
Potential ROI: -26% Sell

Monero Price Prediction for 2030

Speaking of long-term Monero price predictions for 2030, experts present two polar opinions. expresses the view that Monero price won’t grow further and, opposedly, will decline to $107.009355. TradingBeast’s price prediction for Monero echoes with the projection of a downtrend to $0. Despite this, WalletInvestor’s vision remains positive, promising growth up to $340.49065.
Potential ROI: 2% Buy
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As it can be clear from the analysis cited above, Monero's (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).

Disclaimer: 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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