Monero (XMR) Price Prediction 2023 – 2025: How High Can Monero Price Go?
The post Monero (XMR) Price Prediction 2023 – 2025: How High Can Monero Price Go? appeared first on Coinpedia Fintech News
The cryptoverse is home to a myriad of projects employing P2P (peer-to-peer) technology. But one such cryptocurrency which is widely known and is popular amongst users mainly for its privacy-oriented features is Monero. It is built on one of the most unique blockchains that make the transaction details anonymous. This is done by disguising the address used by participants.
Moreover, unlike Bitcoin, mining Monero does not require any additional high-end hardware. And can be done on traditional computing devices. But what can we expect from Monero in the future? Will the Monero price reach $300 before December 2023 ends? Worry not, as we bring to you the XMR price prediction 2023 – 2025 and the years to come!
Table of contents
OverviewMonero (XMR) Price Prediction 2023 – 2030Monero Price Prediction 2023 XMR Price Prediction 2024Monero Price Prediction 2025What Does The Market Say?What Is Monero (XMR)?Fundamental Analysis CoinPedia’s Monero Price PredictionMonero price Historical Market Sentiments 2014 – 2021FAQs
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Overview
CryptocurrencyMoneroTokenXMRPrice$ 154.8000Market cap$ 0.0000Circulating supply 0.0000Trading Volume $ 0.0000All-time high$ 0.0000 Jan 1, 1970All-time low$ 0.0000 Jan 1, 1970
Monero (XMR) Price Prediction 2023 – 2030
This year is crucial for Monero, as it could potentially create a new ATH. With growing concerns of privacy and security amongst investors. The network would host newer investors, which could help the company. Monero price prediction for 2023 could range from $148.362 to $278.917 for the year.
Monero Price Prediction 2023
Monero could find some stiff competition amongst rivals and emerging protocols in the industry. Which could limit the price to its potential low of $148.362. On a positive note, with growing prominence and developments, the price of XMR could claim its potential high of $278.917.
That said, a balance between the buying and selling pressures could settle the price at $213.541.
Price PredictionPotential Low ($)Average Price ($)Potential High ($)2023148.362213.541278.917
XMR Price Prediction 2024
The yearn for privacy and security will only rise higher in the coming years. And Monero being an ace player in it, will find numerous buyers over the course of time. On the other hand, 2024 also marks the year of Bitcoin’s halving event. This could also propel altcoins to greater heights, and XMR could steal a pie.
In such a case, the XMR price might propel to a maximum of $402.859 by the end of 2024. Conversely, factors like soaring inflation numbers and regulatory clampdowns could haul the price to $217.741. That said, an equilibrium in buying and selling pressures could land the altcoin at $307.654.
Price PredictionPotential Low ($)Average Price ($)Potential High ($)2024217.741307.654402.859
Monero Price Prediction 2025
XMR might surge effectively in the coming years, but the bearish trends may also haunt the price accordingly. Despite the huge bullish momentum, the price may tend to witness a drop, and may trend within $294.865.
However, some bullish trends may not be ignored, and eventually, the price may trade above $532.143 by 2025. Considering the bullish and bearish targets, the regular price might occur at $416.824.
Price PredictionPotential Low ($)Average Price ($)Potential High ($)2025294.865416.824532.143
Monero Price Prediction 2026 – 2030
Price PredictionPotential Low ($)Average Price ($)Potential High ($)2026378.217518.949664.3632027462.591624.356793.2142028543.202729.314912.6312029624.395831.2631041.2302030707.434962.1411206.543
What Does The Market Say?
202320242025Wallet Investor$179.174$208.196$239.002Gov.Capital$250.036$446.266$594.960DigitalCoinPrice$326.73$359.43$520.81
What Is Monero (XMR)?
Monero (XMR) is a privacy-focused cryptocurrency that was launched in 2014. This blockchain forms an underlying technology behind digital currencies. And acts as the public ledger of participants that showcases all the transactions on the network.
The unique part of the Monero blockchain is that it can be mined using minimum hardware, with the domestic C.P.U’s. Unlike Bitcoin where-in, a huge hardware setup is required to mine. And hence the consumption of energy remains relatively low.
The native token of Monero is XMR which initiated trade in the mid of 2014. The founders of Monero decided to remain anonymous. Moreover, according to some rumours, Satoshi Nakamoto who is the inventor of Bitcoin, is also the creator of XMR.
Company Details
monero
Monero (XMR) is a privacy-focused cryptocurrency that was launched on Bitcointalk as Bitmonero in 2014, then renamed to Monero. It’s still impossible to find the real founders of Monero. The crypto fraternity firmly believes there are seven key members involved in the platform who have decided to remain anonymous. As per rumors, Bitcoin founder Satoshi Nakamoto is one of those seven members who hold a key role in the Bitcoin platform.
The blockchain forms the underlying technology behind digital currencies. and acts as the public ledger of participants that showcases all the transactions on the network. The unique part of the Monero blockchain is that it can be mined using minimum hardware and with domestic C.P.U’s. Unlike Bitcoin, a huge hardware setup is required to mine. Hence, the consumption of energy remains relatively low.
Monero aims to achieve the highest level of decentralisation possible, such that users don’t have to trust anyone. The native token of Monero-XMR is a completely fungible digital asset. The details about senders, receivers, and the amount of funds transferred are obscured by default. That said, the process of obfuscation is achieved by the use of ring signatures.
Fundamental Analysis
It’s still opaque to find who are the real founders of Monero. The crypto fraternity firmly believes there are a total of seven key members involved in launching the platform. Who decided to remain anonymous. As per speculations, Bitcoin founder Satoshi Nakamoto is one of those seven members who holds a key role in the platform.
Monero was launched on Bitcointalk as Bitmonero in 2014, then renamed Monero. The initial months were challenging for the platform. It had also recovered from a spam attack in September 2014. Whilst in the same year, the platform became successful in publishing research lab papers 1, 2, and 3. The platform aims to launch second-layer solutions of speed and scalability in the years to come.
CoinPedia’s Monero Price Prediction
The Monero platform seems to be invincible with a string of events lined up for launch. This secure platform is the best-suited investment in the contemporary rocky market scenario.
According to CoinPedia’s formulated Monero (XMR) price prediction. If the network launches upgrades such as the second layer solutions for speed and scalability, Bulletproofs+, Return addresses, and Triptych. The price may easily surpass the $275 mark by 2023. Conversely, if the network fails to execute its plan. Then the price can flip into a bearish trap, and dip to $148.
Monero price Historical Market Sentiments 2014 – 2021
Monero did not find much success during its first two years. The coin performed well since mid-2016 when the price surged above $1 for the first time.
By September, the price surpassed the $10 milestone. Following oscillations the year was terminated at $10. The price at the beginning of 2017 was around $12 which surged to reach $132 by September. The digital token declined below $100 by November.
By the end of December, the price hit a peak at $461. And closed the trade for the year with a slight pullback at $334.
The price reached its highest-ever level forming ATH at $495.84 on Jan 07th. By the mid of 2018, the price fell close to $100 and eventually dropped below the levels in august. It regained the levels above $100, but the short-lived rally flipped into a bear market. And the year was concluded at $48.
In January 2019, Monero (XMR) was valued at about $46. Its price rose and by mid-June, it managed to peak at around $120. The price fell close to $50 by the end of November and by December the Monero settled at around $45. The price witnessed a steady growth till the mid of February and also fell close to $35 by mid-march.
Further, the price rose steadily and surpassed $100 by the end of August. And closed the yearly trade at $159.
XMR’s price had commenced its trade in an uptrend. The price had crossed $160 by the mid of January. By April the price had crossed the $300 mark, and managing an uptrend the price hit an ATH of $517.62 on the 5th of May. The Chinese market crisis on May 19th, resulted in Monero undergoing a steep fall to $192.
Following rejections, XMR managed to hit $338.63 in July, but aggravating bearish trends led to Q3’s closure at $250.44. XMR was seen ranging sideways for the majority of the time in Q4. Howbeit, the price took a downswing, which led to the annual closure at $223.98.
FAQs
Yes, Monero is definitely a good investment option, as it may reach a trading value of $278.914 by the end of 2023.
Monero is a privacy-oriented crypto that is untraceable.
As per our Monero price prediction, the XMR price might surge as high as $532.143 by the end of 2025. With a potential surge the price could go as high as $1206.543 by the end of 2030.
A single block of Monero requires approximately 2 minutes to mine. Hence nearly 720 blocks can be mined in a day.
Yes, you can mine XMR on your laptop or Android phone, using the right app.
Filed under: Bitcoin - @ January 7, 2023 4:30 am