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
Project name
Monero
Stock Symbol
XMR
Current Price
163.3
Current Supply
18123374.441715285
Launch Date
2014
Official Website
Monero is an open-source decentralized and untraceable cryptocurrency that focuses on the financial privacy of the users. Monero is a private blockchain that allows users to keep any of their data a secret. The network can also be selectively transparent, meaning the users can decide for whom their data will be available.
Monero was launched in 2014 with the goal to provide users with secure and anonymous transactions. Unlike the public blockchains that sometimes allow tracing the transactions back to the original source, the Monero network uses advanced cryptography to obscure senders and recipients.
The network was created by seven developers, and five of them preferred to stay anonymous. There were rumors in the community that Satoshi Nakamoto, the creator of Bitcoin was involved in the project.
Thanks to the so-called ring signatures, when one user sends XMR to another, the amount is being split into multiple random chunks, making it impossible for the outside observer to see who signed the transaction. Stealth addresses are being created for each transaction so no the operations can be linked.
The mining process of Monero is based on an egalitarian concept, that considers all people as equal and deserving of equal opportunities. The project uses the proof-of-work algorithm created by the community members, which allows keeping the use of the mining-specific hardware unfeasible. Developers don’t keep any stake for themselves on the launch. The network relays on community support and contributors.
One of the most important parts of the project is the Monero Research Lab. It allows developers from all over the world to discuss new ways for the platform’s improve. It is believed that hundreds of researchers input into the development of Monero.
Monero Live Price Chart
During the Coronavirus outbreak, when the crypto market went bullish, Monero also has gained a lot of value. By May 2021 it reached $500 and hit the all-time high of $517 on May 7. It was followed by a massive market correction. After the XMR price dip to $200 on May 19, it continued bearish and reached $183 on July 20.
It was the ending of the bearish season of the crypto market and the Monero token started to recover its value. At the end of July, the asset was already trading for $243. In the first week of August, the XMR token stabilized at around $270, then was pulled off to $253 by the market correction and continued its growth reaching $318 on August 23.
The asset kept the position until the beginning of September when its value fell to $249. At the end of the month, it went for a market correction again trading around $235. By October 6 it has recover to $286 and continued bouncing between $254 and $286 till the middle of November.
For the next month, the token was bearish and hit $181 on December 18. XMR managed to recover to $202 by January 1, and then again went on the downtrend. On February 2 it was trading for $144. As the market started to flip, Monero went up again and on February 7 reached $184.
During March XMR crypto has gained 40% of its value. At the beginning of the month, it jumped to $204, then fell to $188 and continued growing steadily. It might be partly related to the Russian actions in Ukraine as Monero can be used to bypass the sanctions as a more effective medium than Bitcoin, Ether, and other cryptos.
The token has been in a constant uptrend ever since and Monero finished March trading around $214. Despite the recent pull-off to $215, the XMR coin price forecast is bullish. If the buyers will remain persistent the asset price can spike further in the coming weeks.
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 2022
As of Monero price predictions for the rest of 2022, there are divergent opinions. PricePrediction.net expects an upturn towards $180.87, and WalletInvestor echoes with ~$264.763 by the year’s end. Other experts, for example, from TradingBeast, are more pessimistic about Monero’s future price, citing numbers downwards of $154.018 in December.
Potential ROI:
22%
Buy
Monero Price Prediction for 2023
In their Monero price predictions for 2023, PricePrediction.net’s forecasts the coin’s price to go above $273.2 by December. Forecasting Monero's future, WalletInvestor expects further growth, too, saying the Monero price will reach ~$346.612 by that time. On the contrary, TradingBeast keeps predicting Monero price decline, quoting prices around ~$136.544 in 2023.
Potential ROI:
54%
Buy
Monero Price Prediction for 2024
Monero price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $412.65–$428.541 range (PricePrediction.net, WalletInvestor), while TradingBeast takes a different view and cites the possibility of the price reaching $140.836 in December 2024.
Potential ROI:
100%
Buy
Monero Price Prediction for 2025
Both TradingBeast and PricePrediction.net predict the Monero market to grow in 2025, resulting in $194.441 and $599.54 by the end of the year respectively. Other Monero price forecasts support the idea: WalletInvestor forecasts Monero to reach $516.292 by December 2025.
Potential ROI:
167%
Buy
Monero Price Prediction for 2030
Most experts are expecting an encouraging future for Monero: long-term Monero price predictions promise significant growth by 2030. TradingBeast predicts the price to reach $171.10808, while WalletInvestor goes for $991.28064. PricePrediction.net also puts big hopes on Monero in the long term: its Monero prediction for 2030 is $3807.85.
Potential ROI:
915%
Buy
Summary
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).
FAQ
Is Monero a good investment?
Most sources agree that Monero is a good investment, as Monero price predictions usually forecast growth towards $350–$450 by 2022, potentially growing even further. Note that there are also sources that disagree, as the crypto market can be irrational and often unpredictable, including Monero’s future price.
Is Monero better than Bitcoin?
Yes, Monero is better than Bitcoin in some aspects — as a privacy coin, XMR is virtually untraceable, which makes it the cryptocurrency of choice for those who value their anonymity. Monero is also cheaper to use and to mine. However, Bitcoin is faster and more widespread — i.e. more acceptable for many merchants and businesses.
What is Monero worth?
Throughout 2021, Monero has been worth ~$135–$515. Those prices allow Monero to rank pretty high in the coin ratings by market cap, usually in top-30. Monero price predictions for 2025, for example, mostly indicate that its price may keep growing, so stay tuned to keep track of the changes in XMR value.
What will Monero be worth in 2030?
Monero’s worth in 2030 is subject to change as the market is so volatile; however, some Monero price predictions promise that it will break the $1000 barrier by the mid-‘20s and will continue to rise, so XMR’s future might be very bright.
Does Monero have a future?
Yes, Monero has a future, according to most analytical sources. Its tech and fundamentals are quite solid, so even those experts whose Monero future price predictions don’t promise fast growth still agree that Monero will be around for quite some time.
Is Monero harder to trace than Bitcoin?
Yes, Monero is much harder to trace than Bitcoin, since it’s geared specifically to be a privacy coin. Monero is consistently ranked among the most private cryptocurrencies, often taking the #1 spot.
Is Monero illegal?
No, Monero is as legal as any other cryptocurrency, despite being anonymous and providing better protection of holders’, senders’, and receivers’ identities than most other coins.
Will Monero pass Bitcoin?
Probably not, as it’s hard to imagine any cryptocurrency surpassing Bitcoin. Although, this is the crypto world, where everything is possible.
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.
