XMR Price Forecast: Monero Price Prediction

What is Monero XMR?

Monero is a private digital currency that appeared as a result of Bytecoin’s hard fork in 2014. The project works on the basis of the CryptoNote protocol, which is focused on the high anonymity of transactions. Basically, Monero is a decentralized peer-to-peer cryptocurrency that is concentrated on ensuring the anonymity of transactions and asset fungibility.

Monero allows users to conduct transactions without revealing their identity or transaction amounts. This is Monero’s key difference from other cryptocurrencies like Bitcoin or Ethereum. However, the Monero network also allows users to verify their transactions, which helps to create a truly private and censorship-resistant monetary system.

Nowadays the project is among the TOP 20 cryptocurrencies by market capitalization.

Monero future plans and achievements

Recently the Monero project has the following main updates and news: 

• Released v0.15.0.5 of the Monero software
• Release  several versions of Monero GUI software (0.15.0.4, 0.16.0.1,0.16.0.2, 0.16.0.3)
• Added a new privacy-enhancing technology called Dandelion++ to Monero
• The Monero-site repository migrated from Gitlab to GitHub
• Monero 0.16.0.0 ‘Nitrogen Nebula’ was released that added Dandelion++ support and improved Bulletproofs verification speed
• Monero Oxygen Orion” was released and has several version’s updates
• The Monero Team announced networks protocol upgrades schedule
• CLSAG audit results were announced. This audit confirmed that the Monero protocol migrating from MLSAG signatures to CLSAG signatures can be done safely and securely. 
• The team made the first report on Monero General Fund Transparency

According to the Monero project’s official roadmap in the near future we may expect the following updates:

• Onion address for Getmonero.org
• Release of Triptych: logarithmic-sized linkable ring signatures with applications
• Launch of Kastelo: an open-source hardware Monero wallet
• Second-layer solutions for speed and scalability 

Monero Price History

Current Price	$121.2
Market Cap	$2,153,427,148
Volume (24h)	$1,624,003,831
Market Rank	#17
Circulating Supply	17,767,366 XMR
Total Supply	17,767,366 XMR
7 Day High / Low	$142.08 / $117.15

Source: CoinMarketCap, Data was taken on 26 November 2020.

Monero Technical Analysis

Source: Tradingview, Data was taken on 26 November 2020.

Monero Price Predictions 

TradingBeasts XMR price prediction

TradingBeasts analytics thinks that Monero’s average price will worth $105.294 (-8.44%) per coin by the beginning of January 2021. And by the end of the year 2021, the maximum XMR price is expected at $154.570 (+34.41%) per coin, while the coin’s average price will stay around $123.656 (+7.53%).

Wallet Investor Monero price prediction

According to the Wallet Investor Forecast System, could be a very acceptable long-term investment. Analytics think that long-term earning potential can be about +14.13% in one year. So by the end of 2021, Monero coin maximum price could jump to $131.257 per coin.

DigitalCoinPrice XMR price prediction

Based on DigitalCoinPrice’s forecast Monero is a profitable investment as the coin’s price will increase in the future. The price of Monero may hit the mark of $243.19 by the end of December 2021 (+111.47%).

Longforecast XMR price prediction

According to Longforecast analyses, Monero coin price may reach $201 (+74,78%) per coin by the end of December 2021. While experts think that its average price will stay around $171 (+48.69%) per coin.

As you can see analytics are very optimistic while predicting Monero’s price. Don’t forget that no one knows for sure what the future will bring to Monero crypto.

One thing is for sure – if you are looking where to buy Monero – StealthEX is here for you.

How to buy Monero at StealthEX

Exchange Monero on StealthEX with a low fee. 

You can study a detailed article with an exchange guide, watch a tutorial video on our YouTube channel, or just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount for your exchange. For example, BTC to XMR.
2. Press the “Start exchange” button.
3. Provide the recipient address to which the coins will be transferred.
4. Move your cryptocurrency for the exchange.
5. Receive your XMR coins!

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

November 26, 2020

Tags: investment Monero Monero XMR price prediction XMR