Monero (XMR) Price Prediction for 2023, 2024-2025 and Beyond | Litefinance (2024)

The Monero (XMR coin) price has recently shown significant fluctuations like any other cryptocurrency. The crypto’s future looks bright, making it a relatively reliable addition to investors' crypto portfolios with a good Monero price target.

Due to these price movements, Monero is the 40th coin of all cryptocurrencies in terms of value on Coinmarketcap at the time of writing. In this article, we'll take a look at Monero's future price predictions, covering the basics of the project and ending with Monero's future price predictions from experts. Want to bet on the high price expectations of Monero? Why is Monero going up

What Is Monero?

The digital currency Monero (XMR) has been around since 2014 and has seen a lot in terms of price in recent years. But what is it that makes Monero so special and distinguishes itself from the other larger and more famous cryptocurrencies like Bitcoin, Ethereum, and Ripple?

How is it that the price of the Monero showed these beautiful upward lines earlier this year, despite a critical decline in 2018 and why is it moving sideways now? Monero is also referred to as the sleeping crypto giant - and understandably so. In the information below, we explain why this crypto coin is interesting and why it is important to keep a close eye on the Monero price.

Monero is the leading cryptocurrency with an emphasis on privacy and censorship-resistant transactions. Most existing cryptocurrencies, including Bitcoin and Ethereum, have transparent blockchains, meaning that transactions are openly verifiable and traceable to anyone in the world. In addition, sending and receiving addresses for these transactions can potentially be linked to a person's real identity.

We have listed a number of important features that make the Monero future so interesting and distinguish it from the other cryptocurrencies::

• Transactions with Monero are confidential and not traceable.

• The Monero project is 100% decentralized.

• Monero has a team of more than 240 experienced developers behind it.

• Monero is scalable because it has no fixed size for a block.

• Monero transactions are confidential and non-traceable.

• By default, every Monero transaction hides the send and receive addresses and the amounts processed.

This always-on privacy measure means that any Monero user activity enhances other users’ privacy, as opposed to selectively transparent cryptocurrencies (e.g., Z-Cash). Monero is fungible.

This means that Monero is always accepted without the risk of censorship. The Kovri project will track and encrypt transactions through I2P Invisible Internet Project nodes. This obscures the IP address of a transaction and provides further protection against network surveillance.

Monero is a grassroots community that attracts the world's best cryptocurrency researchers and tech talent. More than 240 developers contributed to the Monero project, including 30 core developers. Forums and chat channels are welcoming and active.

Monero's Research Lab, Core Development Team, and community developers are constantly pushing the boundaries of what's possible with cryptocurrency privacy and security.

Monero is not a company. It was developed by cryptography and distributed systems experts from around the world who donate their time or are funded through community donations. This means that Monero cannot be closed by any country and is not limited by any particular legal jurisdiction.

Monero in the Past and the History of XMR

Monero’s all-time high is $517.62 (May 7, 2021; Coinmarketcap). The Monero price today is $. This value is interactive; you’ll be able to refer to this article to see the current price tomorrow.

In 2020, the price increased considerably compared to the year before, but this year seems to be an even better year due to all the new developments. At the time of writing (November 1, 2021), Monero’s market cap was $4,872,714,990.

Is Monero expected to rise? We will give you Monero news. But in order to make the most reliable and realistic cryptocurrency predictions, it's important not just to look ahead at the projection but also to look back at the historical price performance of Monero. Below you can see the chart of how the price history of Monero changed over the years of its existence.

May 2014 - The Start of Monero

On May 21, 2014, Monero was launched on the crypto exchanges. The value was set at $2.47 under the first name of BitMonero. This is a combination of the word ''money'' in Esperanto and Bit from Bitcoin. The coin flopped completely. Fans from the crypto community decided to take over the project and launched Monero with the current name.

Early 2015 - Historical Low

The initial appreciation turned out to be way too high. The price dropped to $0.2130 on January 14, 2015 (Coinmarketcap), which was a historic low for the currency.

Late 2016 - Sudden Revival

At the end of 2016, things suddenly went underway. The currency shot to 13.60 dollars. This was the highest valuation of the coin at the time.

2017 - Growth Continues

2017 was a fantastic year for Monero. The growth continued and suddenly reached a rate of around 130 dollars halfway through the year.

2017/2018 - Monero Goes Through the Ceiling

All virtual coins exploded, and so did Monero. The coin reached its first historical peak of $495.84 (Coinmarketcap, January 7, 2018).

End of 2018 - Back to Square One

Monero, like many other cryptos, dropped all the way back to the value of 1.5 years before. With such a rate, many investors lost some of their confidence in the coin.

2020 - Monero Race: Back on Track

The rate of Monero is back on the rise. After closing 2019 with a meaningless change, the coin now seems unstoppable. Because it is now one of the older coins, with a good reputation in terms of privacy, the popularity of the coin is increasing enormously and investors believe in Monero potential. This can be seen in the price.

2021 - High Hopes

We can clearly see how Monero increased in value until the beginning of May. The all-time high was set on May 07, 2021 - the price skyrocketed to $517.62. But this record didn’t last long. Bitcoin crashed and dragged down many other coins. It took just two weeks for Monero’s price to fall to $175. This dreadful fall ended on July 20. Now it is trading at good levels, despite the fact that the price has yet to reach its previous record.

Monero (XMR) Technical Analysis

To make a realistic forecast for Monero, we need to understand both a general market picture and ongoing processes. Let's do a technical analysis of the biggest time frame to determine global market sentiment concerning theXMRUSD.

The monthly chart above shows quite a short story, but there's a stable bullish trend suggesting itself for Monero. Note that price growth and volume growth take place simultaneously. The simultaneous growth of the XMR price chart and the trading activity indicates that the long-term bullish trend's potential is quite high, and it might continue in the coming months.

XMR Forecast for Next Three Months

To make a short-term forecast, let's do a technical analysis of the weekly chart and have a more detailed picture.

We'll lay the Fibonacci grid over the upward movement pattern to single out five development stages of the trend's lifespan:

• 1 -trend start area and area of bulls' last hope;
• 2 and 3 -price consolidation zones;
• 4 - big area of intense growth;
• 5 - area of peak values.

The Monero to USD price has stopped near the consolidation zone’s upper limit recently. That's a powerful resistance level that has prevented an upward movement at least two times this year.

Another important marker is the latest candle formed -- a shooting star marked with the blue label. Such bars form before a reversal, especially when they are formed amid relatively low volumes like in our case.

Using indicators, let's look for some more signals of a projected fall on the daily Monero price chart.

The chart above shows that theRSI's curve pulled back from the overbought area's limit the other day. At the same time, theMACD histogram points to a bearish divergence. Those signals suggest that the price may change its direction.

As XMR is in the consolidation area, we are unlikely to see any drastic moves in the near time. However, theMonero price is very likely to go down in the future. It will either reach the trend line at around 190 USD or stop somewhere between areas 1 and 2 in September.

Monero's expected trading range will most likely go from 250 to 350 USD in the nearest three months.

Long-Term Monero Analysis for 2021/2022

Let's examine the price history and do a more thorough analysis of XMRUSD to make a realistic forecast for 2021/2022.

UsingBollinger Bands projections, I marked projected price directions and monthly price ranges for 2021 and 2022 on the chart above.

TheMonero to USD projected value will likely drop to 250 USD and fluctuate from 250 to 300 US dollars for a while. Monero's bullish potential is likely to show itself in winter 2022 as it did in spring 2021. The psychological level of 500 USD will be a projected price target of a new bullish impulse.

As that level is powerful and located near historical maximums, Monero won't probably push above it. So, the trend line may be retested after a subsequent fall, at higher levels at around 300 USD. The table below presents XMR projected price ranges for the next twelve months.

Long-term trading plan for Monero

Here's a trading plan based on long-term analysis.

Monero's projected growth suggests two entry points. If the price continues moving within the consolidation area, the perfect buy price will be 250-260 US dollars.

Another trade inXMRUSD should be opened after a transition to the area of dynamic development, at the very beginning of momentum, at around 360 USD.

Stop Loss should be placed below the trading range and the level of 245 USD, in the bulls' last hope area.

The level of 490 USD can be the price target. The price will hardly break through the level of 500 USD, but it is very likely to come close to that level.

After a reversal, consider short positions on historical highs, with the price target in the consolidation zone and Stop Loss placed a bit above 500 USD. We'll talk about that more thoroughly at the end of the year.

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XMRUSD Technical analysis is presented byMikhail Hypov.

Monero Price Predictions by Experts for the rest of 2021

Let us reflect on the Monero (XMR) price prediction from major distinct sources, which will give us a fairer idea:

TradingBeasts

Trading beasts predict that Monero’s average price won’t fall below $290 until the end of the year. Moreover, the price should go up to $300 at the end of November. The last day of 2021 should see it at $352.285.

The Economy Forecast Agency

November is expected to close with $278. No significant growth will happen during the last two months of 2021. December will end with $282.

Coin Price Forecast

According to experts from the Coin Price Forecast, Monero won’t reach $300 this year - December will leave us with $297.

Wallet Investor

According to the Wallet Investor, the price won’t change much in November and December. 2022 will greet us with a Monero price of $248.544.

Monero Price Prediction for 2022

Predictions for 2022 differ a lot. Some experts are not optimistic and don’t see Monero as having a chance of even reaching $300, yet others believe that it will increase beyond $500.

Wallet Investor

The price in January will stay around $340-$350. It will cross the $400 mark in April, but at the end of June, it will fall to $388.887. Another uptrend will be seen in the second part of 2022, but this time it will stick. The last day of 2022 will be marked with a price of $502.547.

TradingBeasts

As you can see from the table above, 2022 is going to be quite an uneventful year. The price will remain around $250 without any significant ups or downs. The last few months show an insignificant downtrend - the price will be $243.433, compared to $250 in June and July.

The Economy Forecast Agency

January 2022 will begin at $282. During the first part of the year, the price will go up and down quite often. However, by the end of June, it will stabilize and will remain at $238. The second part of the year is going to bring a more stable growth and take the price up to $369 on the last day of December.

Coin Price Forecast

The year 2022 will begin with $297. The price will go up slightly and reach $311 by the middle of the year, but a decline will follow. December will leave us with $273.

Monero Price Prediction: 2023 – 2024

A new record of $800? Or will Monero barely reach above $300? Only time will tell. Most predictions don’t give huge numbers. However, stable growth is expected.

Wallet Investor

Wallet Investor provides an optimistic forecast through 2023. The year begins with the price of $504.942. After a series of up- and downtrends, the price will be $537.715 at the end of June. November is expected to bring a new record - the $600 line will be crossed. The last day of 2023 will see a high of $653.180.

In 2024, the price will begin to fall. However, April 2024 will be marked with the first crossing of the $700 line. The price won’t hold such a great position for very long - July 2024 will begin with $687.038. The $700 threshold will be crossed for the second time at the end of July. The last day of December will leave us with a new record - $800.869.

TradingBeasts

January 2023 will begin with a price of $240.805. A downtrend will take the figure down to $191.870 by October. December will bring Monero up to $213.440. In 2024 the price will increase slowly but steadily. January will begin with $224.114, July will show us $282.468, September is going to be positive, crossing the $300 threshold, and December will leave us with $325.98.

The Economy Forecast Agency

The year 2023 will begin with $369. The price will almost double during the first half of the year and reach $617 by the end of June. The $700 threshold will be crossed in July, but after that, a downtrend will take the price to $498 at the end of December.

A few ups and downs are expected in 2024, but the price won’t be as high as in 2023. By the middle of the year, Monero will cost $443. After that, the price will go up to $500 and beyond but fall to $344 at the end of December.

Coin Price Forecast

2023 will bring growth to Monero. The price is expected to be $302 in the middle of the year and $356 in the end. It will continue this trend, and in the middle of 2024, it will reach $378, and the end of 2024 will see it at $427.

Long-Term Monero Price Forecast 2025-2030

Many different predictions have been made for the Monero price. How high can Monero go? How much will it go up in value? In particular, the growing problems surrounding the privacy of internet users are a big plus for the project. Many people are starting to value their personal data more and more, and all financial data is, of course, also part of this. So, if you’re asking the question: “should I invest in Monero?” Keep reading.

With Monero (XMR), it is therefore very interesting to save your money since it is not accessible to everyone, even on the blockchain.

Monero’s future value is hard to predict for the next ten years or more. No expert is ready to give a precise projected value for any currency over such a long period. Please note that such a long-term price prediction and Monero price forecast is very approximate and is merely speculation.

Wallet Investor

Wallet Investor experts can only estimate Monero projected growth until September 2026. The year will begin at $950. After a few insignificant ups and downs, stable growth will come in the middle of February and take the price to $973 at the beginning of March. The $1,000 level will be crossed at the end of April. XMR won’t stay for a long time and will drop to $985 at the end of June. Another $1,000 peak will be reached in August, but at this time, the price will go down again, too. Luckily, it will only happen for a few days. The end of September will bring us $1,034.

Cryptocurrency Price Prediction

The experts are really generous and give Monero the price of $1,587.39 for the beginning of 2025. It will reach a $2,000 level and rise to $2,017.87 in May. December 2025 will leave us with another record - $3,094.07. January 2030 will take the price even higher - to $5,380.99. It will continue growing through 2030 and reach $6,188.13 in July. The closing price for December 2030 will be $6,726.23.

Price Prediction

The average price for 2025 will be $1,206.57. It shows good stable growth, and it is expected to double by 2027 and reach $2,622.13. The year 2030 will bring us $8,279.97.

Coin Price Forecast

2025 will start with the price of $427. It will grow till the middle of 2027 and reach $663. The price seems to drop to $631 by the end of the year. However, it will go up again and reach $821 by the middle of 2030. Unfortunately, it is going to drop to $742 by the end of 2030.

What Is the Future of Monero? Is XMR a Good Investment?

Many investors are concerned that they have entered too late. "With such a high rate, I will never make more profits." However, this is not always the case. Let's see if now is a good time to get into Monero. Monero has gained a big name in the crypto world in recent years. They are number 1 when it comes to the privacy and security of users. This added to the Monero growth and Monero supply.

This is a very interesting fact because privacy is becoming an increasingly important topic. More and more traders are starting to see the benefits of this coin, and the outlook is therefore also bright. Especially if you consider the historically highest price ever - it has not yet been reached again, and that proves that there is still a lot of growth in this crypto. Monero has a good price target, as it also moves strongly with Bitcoin.

About Bitcoin, experts say it will rise for a while. Some say it will rise to $100,000 in the coming years. This means that Monero will rise also.

Source: Coin Price Forecast

Monero has proven itself over the years as a major player in the crypto market. It is still a very interesting cryptocurrency, despite the extreme gains in 2020 and 2021. Monero - buy or sell: this is the real question. The price still has many growth opportunities, which can be seen in the 2025-2030 predictions.

Because the coin considers the privacy of its users of paramount importance, it has an advantage over other coins. This is what makes this coin special. Especially with the high supply of alternative currencies, this distinctive character is very important.

If you want to start trading Monero, do it with a reputable exchange/broker. The broker must at least have an internal wallet in which you must be able to store your coins. A good example of this is LiteFinance. A great reason to create a free demo account on LiteFinance! LiteFinance has fact-checked information and a user-friendly platform for novices, as well as experienced traders.

Monero current price rate

Price chart of XMRUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.