Monero Price Prediction: Is XMR a Good Investment?

July 2, 2024

Price Prediction

Sean Korbett

Monero is a cryptocurrency that focuses on secrecy and confidentiality. It remains one of the most well-known privacy coins and one of the most popular investment choices. How will Monero develop in the coming years? Discover the short-term Monero price prediction in StealthEX’s latest article.

Monero (XMR) Overview

Monero is the first privacy-focused and censorship-resistant blockchain. Every Monero blockchain user and their transactions are anonymous by default. Two essential characteristics are the cornerstone of the Monero Protocol:

• Untraceability: All possible senders are equiprobable for each incoming transaction.
• Unlinkability: It is impossible to prove any two transactions were sent to the same person.

It is well-known that Monero is the strongest proponent of privacy. The network anonymizes transaction amounts and obfuscates sender and receiver identities with cryptographic techniques like stealth addresses and ring signatures. Monero is a permissionless and decentralized Proof-of-Work protocol. Therefore, it benefits from the security properties of similar networks, like no central authority and no control over transaction data or user’s personal information.

The Monero network was born as a fork of a project known as ‘Bytecoin’ in April 2014. Monero is one of the earliest blockchains to advocate complete anonymity, which entailed addressing the anonymity weaknesses plaguing networks like Bitcoin.

Monero Features

Monero offers a number of features within the crypto space. These are:

1. Ring signatures obscure the sender’s identity, who would be rendered as a part of a group (or ‘ring’) of possible senders, making it impossible to determine which one sent the transaction.
2. Stealth addresses help to protect the privacy of both senders and recipients. A one-time address is generated for each transaction, making it difficult to link multiple transactions to the same recipient.
3. Bulletproofs: This is a form of zero-knowledge proof used by Monero transactions to reduce the size of confidential transactions. Bulletproofs help to improve scalability and reduce transaction fees.
4. P2Pool, a decentralized mining pool, allows miners to pool their resources and mine XMR together. This helps to promote decentralization and prevent the concentration of Monero mining power.
5. RandomX: This is a central processing unit (CPU)-optimized Proof-of-Work algorithm to enhance the network’s security and prevent ASIC mining, which makes mining Monero within reach of CPUs and general processing units.

Monero (XMR) Price History Highlights 

• 2014-2015: Monero was first traded in the cryptocurrency exchange on 21 May 2014 at price of $2.47. In 2015 it also hit its all-time low of $0.213.
• 2016: 2016 brought the first major price movements for XMR. At the end of August and the start of September, the price of XMR increased fivefold – from around $2.50 to roughly $13 in just a fortnight. 
• 2017: In 2017, Monero experienced four more surges (each followed by periods of consolidation), with its market cap surpassing $1 billion for the first time in August. This brought XMR up to a value of around $85 per coin by the start of November. 
• 2018: 2017 was followed by a series of lower highs and lower lows, and by the end of 2018 XMR was worth less than $50.
• 2019: XMR made steady gains in the first half of 2019, only to lose them again over the second half of the year. Interestingly, XMR ended the year at pretty much the same price it had been at the start of 2019.
• 2020: 2020 saw some success: while the price of Monero plummeted in March, it had mostly recovered by August. After a brief drop at the beginning of September, XMR rose steadily throughout the remainder of the year. Monero concluded 2020 with $156 per XMR, representing a 240% rise from the beginning of the year.
• 2021: The trend continued into 2021, with XMR price rallying over 80% in less than a fortnight in February to reach a peak of $270. It also hit its all-time high of $517.62.
• 2022: In January 2022, the price of Monero was $228.85 and in February the price fell down to $146.49. In April 2022 the price was $212.43 and in May 2022 the price was $223.48. In June, the price fell down to $198.76 and further reduced to $112.69 in July 2022. Monero finished the year with $142.85 per coin.
• 2023: In 2023, XMR traded between $146 and $163.
• 2024: At the moment, XMR trades for about $160-$180.

Monero (XMR) Price Chart    

CoinMarketCap, July 2, 2024

Monero Price Prediction 2024, 2025, 2026, 2027, 2028, 2029, 2030

XMR Price Prediction 2024

DigitalCoinPrice experts expect that in 2024 XMR’s price might go as low as $153.3 (-9%), while its maximum price can reach $372.79 (+119%).

PricePrediction crypto analysts expect XMR to cost $205.60 (+20%) at its low in 2024, while at its maximum Monero will rise to $232.4 (+36%).

Telegaon crypto experts think that in 2024 XMR will fluctuate between $165 and $185: its minimum price is going to go as low as $165.45 (-2%), while at its peak it can climb as high as $185.78 (+9%).

Monero Price Prediction 2025

According to DigitalCoinPrice estimates, in 2025 XMR might reach $440.46 (+158%) per coin at its highest point. Its lowest price might drop to $365.44 (+114%).

Based on the experts’ forecasts at PricePrediction, in 2025, Monero can hit $302.32 (+77%) at its lowest point, while at its highest it can reach $355.76 (+109%).

Telegaon analysts believe that in 2025 XMR can drop in price to a minimum of $235.12 (+38%), while at its highest point it can rise to $353.96 (+108%).

XMR Price Prediction 2026

DigitalCoinPrice analysts believe that in 2026 XMR coin will rise to a maximum level of $620.86 (+264%), while its minimum price will drop to $502.74 (+195%).

According to PricePrediction, in 2026 Monero will see a lowest price of $440.6 (+158%), while at its peak it might reach $520.23 (+205%).

According to Telegaon forecasts, in 2026 XMR might drop to $357.13 (+109%) at its low or hit $426.17 (+150%) at its peak.

Monero Price Prediction 2027

DigitalCoinPrice thinks that in 2027 XMR coin will rise to a maximum level of $781.67 (+359%), while its minimum price can go as low as $655.69 (+285%).

According to PricePrediction, by 2027 Monero is going to hit its lowest price level of $639.98 (+276%) for that year, while at its peak it might reach $791.66 (+365%).

According to Telegaon forecasts, in 2027 XMR is going to either drop to $432.54 (+154%) at its minimum or hit $515.61 (+202%) at its peak.

XMR Price Prediction 2028

According to DigitalCoinprice, in 2028 XMR coin will reach $781.67 (+359%), while it can also hit $655.69 (+285%) at its lowest point.

PricePrediction experts think that in 2028 XMR is going to fall to its minimum price level of $920.48 (+440%) for that year, while at its peak it might reach $1,104 (+548%).

Telegaon analysts expect the privacy coin to continue rising in price: according to them, in 2028 XMR might go as low as $519.83 (+205%) at its low or go as high as $593.06 (+248%).

Monero Price Prediction 2029

DigitalCoinPrice gives the following price predictions for XMR in 2029: $809.18 (+375%) at its lowest point, while its highest price can reach $932.06 (+447%).

PricePrediction analysts expect that in 2029 XMR might reach $1,388 (+715%), while at its peak it might reach $1,654 (+871%).

According to Telegaon forecasts, in 2029 XMR might reach $596.32 (+250%) at its low. Alternatively, Monero can hit $687.16 (+303%) at its peak.

Monero Price Prediction 2030

DigitalCoinPrice experts think that in 2030 Monero will finally hit $1,000: its lowest price can fall to $1,149.82 (+575%), while at its peak it might reach $1,276.84 (+650%).

PricePrediction experts are even more optimistic about Monero: according to them, in 2030 XMR will hit $2,056 (+1,108%), while at its peak it might reach $2,436 (+1,331%).

According to Telegaon, XMR won’t reach $1,000 by 2030: it might drop to $689.45 (+305%) at its lowest point, while at its peak it can reach $807.59 (+374%).

For a long-term Monero price prediction beyond 2030, refer to the second article from StealthEX.

Monero (XMR) Price Prediction: Experts’ Opinions

Binance’s announcement of Monero’s delisting on February 20th, 2024 erupted like a bombshell. Behind this technical choice is a never-ending power fight between supporters of anonymous cryptocurrency and authorities that wish to ban it. Monero has become a symbol of this ideological conflict with enormous consequences. It is difficult to foresee the conclusion of this never-ending tug of war between regulators and anonymous cryptocurrency enthusiasts. States possess powerful capabilities for coercing ecosystem players. However, history has demonstrated the difficulties of removing decentralized technologies.

Despite many obstacles that Monero is facing at the moment, numerous crypto experts think that it will reach staggering price levels. For instance, according to CoinMarketCap, XMR might soar to $2,000 by 2030.

XMR USDT Price Technical Analysis      

Tradingview, July 2, 2024

Now that we’ve seen possible price predictions for XMR from 2024 through to 2030, let’s find out a bit more about the factors that can influence its price in this timeframe.

Factors Affecting XMR Coin Price

One key consideration is the general market opinion towards cryptocurrency. Positive mood and optimism in the market might drive up the price of the XMR currency. In contrast, a negative attitude or anxiety might cause a decline in price. Another issue to consider is Monero’s adoption and usage. If more people start utilizing Monero for transactions and as a store of value, the demand for the XMR coin will rise, driving up the price. Additionally, regulatory developments and government regulations might have an impact on the price of the XMR coin. This may be a problem as Monero is often used specifically because of its privacy features, and the governments don’t approve of untraceable cryptocurrency.

When assessing XMR coin as an investment, keep the following considerations in mind:

• Technical developments.
• Adoption and usage.
• Market sentiment.
• Competition.
• Regulatory developments.

Risks and Opportunities

One of the biggest risks when investing in Monero undoubtedly lies in its private nature: while many praise this cryptocurrency, the problem is that numerous governments around the world could see it as a potential threat. For instance, Binance has recently delisted Monero, which can be seen as a troubling sign for the cryptocurrency.

On the other hand, XMR’s privacy features can also lead to its wider adoption despite tighter regulations. This can help the coin’s price propel way beyond the $1,000 mark. Monero draws its value from its function as digital cash, and if widely used, can significantly rise in price.

Is XMR a Good Investment?

With its massive potential for growth and adoption, Monero is expected to remain a major player in the cryptocurrency market for years to come. It may be a good investment considering your risk tolerance and finances.

Does Monero Have a Future?

Monero seems to be one of the most prominent coins on the market. It’s possible that as the market develops, it will grab its significant share due to the coin’s privacy features.

What Is the Future of XMR?

Nothing is certain, especially in the crypto world. However, Monero seems to be popular and widely used, and this is a good sign for its future development.

Will XMR Bounce Back?

While Monero has tremendous potential, it’s difficult to say whether the coin is going to bounce back and recover. However, the vast majority of crypto experts believe this is not the end for this popular privacy coin.

Will Monero Skyrocket?

At the moment, it’s unclear how big of a leap Monero is going to make: things change rapidly. Nonetheless, if XMR stays on track and regulatory changes won’t affect its future, it can become an extremely expensive coin.

How High Can Monero Go?

Analysts at Price Prediction believe that in 2030 Monero will hit $2,436 at its maximum.

Can Monero Reach $1,000?

Based on the forecast by PricePrediction, in 2028, Monero will hit $1,104 at its peak.

Will Monero Reach $10,000?

XMR will need to drastically increase its market cap in order to reach $10,000. Although Monero has few competitors, the probability of reaching this price level is currently low.

What is the XMR Forecast for 2024?

PricePrediction analysts think that in 2024 XMR will reach $232.4 at its highest point.

What is the Monero Price Prediction for 2025?

DigitalCoinPrice believes that in 2025 Monero will reach $440.46 at its peak.

What Is Monero Forecast for 2026?

According to DigitalCoinPrice, the highest price predicted for this year is $620.86.

What Is the Price Prediction for Monero in 2027?

According to Telegaon, in 2027 the anticipated positive regulatory changes and the overall technological growth are expected to drive the highest XMR price to $791.66.

Is Monero 100% Private?

Monero’s blockchain design is unique, and all transaction details from sender to receiver are kept private.

Is Monero Traceable?

As the most effective of the so-called privacy coins, Monero is designed specifically to make it impossible for anyone to trace. However, according to cybersecurity expert Andy Greenberg, Monero can be traced, even though this process is more difficult.

Conclusion

Monero is managed by a community motivated by principles rather than profit, and it thinks that privacy is a fundamental right. As privacy rights erode in the modern world, the value of cryptocurrencies like Monero becomes more apparent. With a dedicated community and regular updates planned for the future, Monero appears to have carved out a niche for itself in the larger crypto markets, and it’s most likely here to seat.

Where to Buy Monero Crypto?

StealthEX is here to help you buy Monero (XMR) if you’re looking for a way to invest in this cryptocurrency. You can buy XMR privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy Monero XMR: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, BTC to XMR.
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.