Monero (XMR) is a beloved coin within the cryptocurrency community. Privacy features, ASIC-resistance, anonymity, and decentralization made the coin one of the favorite children of the blockchain industry.
However, similarly to most of the other coins, Monero is experiencing a tough period. Its price is gradually falling since January 2018. A lot of Monero price predictions show doubts about the future of the coin. Let’s take a closer look at the XMR price history and its Monero predictions.
Monero’s place on the market
In early 2019, Monero is the most prominent privacy-focused coin on the market. It looks like the currency managed to become a face for the industry of private transactions. At the time of writing this article, Monero has a market capitalization of over 900 million USD.
The coin rates 13 in terms of market cap. Dash, a coin with a little less emphasis on privacy but still paying large attention to it has a 100 million less in market cap. The closest coin fully specialized on anonymity, Zcash, has a market cap of 349 and pretty poor future price expectations.
|Curr. Supply||17,226,006 XMR|
|ROI since launch||2,277.32%|
|Launch date||April 18th, 2014|
Anonymous developers & Crowdfunding
Monero has a number of significant advantages, driving its sustainable place on the market. Unlike Zcash, Monero has a development team that is not a public organization. Almost everyone among Monero core contributors are anonymous. It saves people the concern of the possibility of the blockchain being controlled by investors and directorial board.
The Monero development process is funded by individuals all over the world and this is the great case of continuous and successful crowdfunded development.
The development team of the coin also successfully works to maintain the security of the coin’s network. There were no significant troubles with Monero for a very long time. To this day there is no publicly known case of Monero users being exposed due to the flaw of the coin.
Most of the privacy coins ratings place Monero as the #1 coin. For example, both the masterthecrypto’s guide on privacy coins and xbt.net comparisons of the privacy-focused cryptocurrencies gave their preference to Monero.
Indeed, Monero’s CryptoNote-based algorithm, ring signature implementation in addition to its relatively high transaction speed made the coin a champion of private transactions. Let’s take a closer look
More information about the coin on BitcoinWiki.org
Monero (XMR) Price Analysis
In 2014, the coin cost only a few dollars and was of interest only to traders who worked with Bytecoin but were disappointed in a too monopolized network.
However, the developers skillfully promoted their coin, relying on its unprecedented anonymity.
Soon, gaming portals and mining equipment stores became interested in cryptocurrency, but the cost of the Monero did not rise above $ 4. A sharp jump in the rate occurred only in 2016 when the owners of the shadow market AlphaBay drew attention to the Monero. In just a few days, the price of the cryptocurrency rose to $15.
In the summer of 2017, Monero was accepted on the South Korean exchange Bithumb, and the price of a coin unexpectedly for all exceeded $100. And in the fall, XMR began to be used in popular online casinos, on the Oasis shadow platform and the anonymous SIGAINTNORT email service.
Still, the Monero price chart shows that the coin found a stable place at the start of 2019. Again, similarly to other coins. The main question is will the cryptocurrency market grow again and how would Monero benefit from it.
Despite constant discussions around the cryptocurrency (especially about its close ties to the darknet), experts agree that Monero is a good option for long-term investments.
Monero Technical Analysis
Well, there is not actually any technical analysis expertise of Monero cryptocurrency. However, here is the aggregate rating for XMR from several traders & analysts on TradingView.
Monero (XMR) Price Prediction for 2019, 2020, 2025
More recently, the Monero course grew very slowly. The coin was not able to quickly spin up due to ambiguous perceptions among traders and investors. Some considered it a standard of anonymity, while others considered it a secret currency for the drug trade and other illegal actions.
Already, many experts predict that next year the price of a coin will rise to at least $ 500.
Considering that for many users, transaction anonymity is one of the priority characteristics of cryptocurrency, the popularity of Monero in the near future may well continue to grow. It makes sense to buy coins until their price reaches a peak.
#1. WalletInvestor Bearish Price Prediction for 2019, 2020, 2025
The price of Monero may drop from 58.958 USD to 9.134 USD. The change will be -84.5084%. Monero price can literally crash. In 2020, the Monero rate can go up to $94.333. In 2025, the price can reach almost $500.
#2. TradingBeasts Monero Price Prediction for 2019, 2020, 2023
By the end of 2019, the XMR price will stay almost the same at around $58. In 2020, the rate will slightly go up to $74.381. In 2022, the price will double to $121.623.
#3. LongForecast Price Prediction for 2019, 2020, 2022
According to the source, the price of Monero cryptocurrency will drop to $31.1. The forecast is more bearish for the next year. In 2020, the price can go down to $23.5. However, in 2023, the price can reach $108.1 point.
#4. DigitalCoinPrice XMR Price Prediction for 2019, 2020, 2025
Monero (XMR) price will increase according to the source predicted data in the future. By the end of 2019, XMR can reach $90. The price of 1 Monero (XMR) can roughly be up to $86.56 in 2020. In 2025, the price may probably go up to $245.33.
#5. CoinPriceForecast Price Prediction for 2019, 2020, 2025
According to the latest long-term forecast, Monero will hit $100 by the end of 2020 and then $200 by the middle of 2024. The forecasted Monero price at the end of 2019 is $63.35. The rise from today to year-end: +8%. In the first half of 2020, the Monero price will climb to $79.28; in the second half, the price would add $23.78 and close the year at $103.06. These five years would bring a significant increase: Monero price would move from $103.06 to $255.77, which is up 148%.
Buy XMR at Best Rate
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment vehicle.
Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment. Website personnel and the author of this article may have holdings in the above-mentioned cryptocurrencies.