Viraj RandevMonero (XMR) is a decentralized cryptocurrency that provides censorship-resistant and 100% private transactions. Our Monero price prediction guide discusses the potential highs and lows for 2023 – 2030.
By examining the Monero price history, use cases, and popularity, we determine whether this is the best crypto investment opportunity in 2023. We will also study other alternative cryptocurrencies which can offer high growth.
Monero Price Prediction 2023 – 2030
The current price of Monero is $157. To explore the potential Monero coin prices for the next few years, read the sections below:
- End of 2023 – Monero may face some sideways momentum in 2023 due to the recent price volatility it is experiencing. The token may trade between the $130 – $180 levels by the end of 2023.
- End of 2024 – By 2024, XMR has the potential to reach a high of $280. On the safer side, we expect this token to reach a minimum price of $200.
- End of 2025 – As the crypto market cap is expected to surge by 2025, XMR may be one of the top tokens to buy. This cryptocurrency can set a new high of $550 by 2025.
- End of 2030 – By 2030, we expect Monero to surge by over 1,700% to the $2,900 mark.
Monero Price History
Through XMR, Monero’s native cryptocurrency, this decentralized network aims to support completely secure peer-to-peer transactions. While other networks allow anyone to view a wallet address and transaction amount of a user, Monero is different.
When using the Monero network, the details of the sender and the receiver remain private. Moreover, there is complete anonymity of the transaction amount as well. Founded in 2014, the XMR cryptocurrency went live in June of the same year.
Monero Tokenomics and Launch Price
Boasting a circulating supply of just 18.1 million tokens, Monero is one of the best low supply cryptocurrency projects in the world. After launching on May 21st, 2014, the XMR coin price was just $2.47.
Throughout 2014 and 2015, the XMR crypto price remained bearish. The coin plunged from $2.47 to below the $1 mark in October 2014. Throughout 2015, the token struggled to cross past the $1 level, as it traded sideways between $0.2 – $0.5.
Monero Reaches an All-time High
However, 2015 proved to be one of the best years for this token. XMR sky-rocketed from $0.5 to $13.6 in 2016, a remarkable price jump of 2,620%. As the token remained bullish in 2017, investors saw the Monero token price surpass the $500 level by the end of the year.
Monero price chart, Source: Coinlore.com
On January 9th, 2018, XMR reached an all-time high (ATH) of $542, equating to a price increase of 108,300%. However, the token failed to continue its run, plunging under $50 by the end of 2018.
After experiencing sideways momentum for a couple of years, XMR shot up again in 2020. The token soared from $45 to $150, providing more than a 3x price jump. 2021 was another great year for digital assets, as some of the best cryptocurrency coins, such as Bitcoin (BTC) and Ethereum (ETH), reached their ATHs.
XMR managed to jump from $145 in January 2021 to $470. However, the token has traded lower since then.
XMR Current Price
In 2022, XMR fell from $250 to under the $145 mark. However, this top cryptocurrency managed to offer upside momentum during the beginning of 2023. In January 2023, the price of Monero jumped by 28% as XMR moved from the $145 zone to $186. As of February 2023, XMR is trading at $157.
Currently ranked the 26th largest cryptocurrency in the world, Monero has a market capitalization of $2.87 billion.
Monero Crypto Price Summary
- XMR launched at $2.47 per token in May 2014.
- Monero crossed the $13 mark in 2016.
- In January 2018, XMR reached an ATH of $542.
- The token plunged below $50 by the end of 2018.
- The Monero price today is $157, with a $2.87 billion market cap.
Monero Price Prediction 2023
Since November 2022, Monero has been soaring. After trading at under $130 towards the end of November, the token rose to a high of $186 by January 2023. This 43% price hike resulted from the revival of the cryptocurrency markets by the start of the year.
However, the XMR token has corrected to $157 since its upward movement. According to TradingView, this cryptocurrency is currently in a ‘Sell’ zone on the 1-month price charts. The moving average convergence/divergence (MACD) indicators, along with the 30-day exponential moving averages, suggest the token is facing selling pressure.
Moreover, there is no guarantee of whether the cryptocurrency markets will stay bullish in the months to come. Therefore, this token may face further selling pressure. While we predict a minimum price of $130 for XMR, this crypto can trade as high as $180 by the end of 2023.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Monero Price Prediction 2024
One of the most promising cryptocurrencies in the past few years, XMR has offered huge growth. The key reason for this has been its untraceable transactions. While cryptocurrencies aim to offer decentralized trading opportunities, very few actually follow suit.
Monero, on the other hand, ensures full anonymity when making a transaction on its network. This network uses stealth addresses, which create burner addresses when making transactions or payments on the Monero network.
Due to the platform’s use cases, it has the potential to be a strong token moving forward. Our XMR price prediction for the end of 2024 is $280. We have not seen this cryptocurrency reach these highs since April 2022. A break past this level would result in a market cap of nearly $5 billion. We expect this cryptocurrency to reach a minimum price of $200 by 2024.
Monero Price Prediction 2025
According to Coherentmarketinsights, the cryptocurrency market cap is expected to grow to $6.7 trillion by 2025. This is more than a 6x expected growth from current levels.
By 2025, the cryptocurrency markets may likely begin another bull run. In such a scenario, Monero can be one of the best long term crypto investments. While Monero has competitors such as Zcash, that offer the same use cases, this cryptocurrency has recorded a higher number of private transactions through its blockchain network.
As popular tokens such as Bitcoin and Ethereum grow higher in the next few years, the overall crypto market cap will likely rise. In such a scenario, we expect XMR to reach a new ATH. While the previous ATH of Monero was $542, this token can reach a high of $550 by 2025.
Monero Price Prediction 2030
By the end of 2030, Monero has the potential to offer huge growth from current levels. As more and more users are looking to conduct transactions in a decentralized and secure manner, Monero provides untraceability in payments.
One of the hottest cryptocurrencies, Monero has a Twitter following of nearly half a million. As seen with cryptos in the past few years, a strong social media presence can go a long way.
Many analysts are also bullish on the Monero crypto price by the decade’s end. For instance, Priceprediction.net, a popular forecasting website, expects XMR to trade at an average price of $2,800 by 2030.
Similarly, other price prediction algorithms, such as Tradersunion.com, expect this token to reach a maximum price of more than $2,900 by the end of 2030. This would estimate to a staggering growth of over 1,700% from current levels.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Monero Price Potential Highs & Lows
The table below summarizes our Monero forecast and price prediction for 2023 – 2030.
Year
Potential High
Potential Low
2023
$180
$130
2024
$280
$200
2025
$550
$500
2030
$2,900
$2,800
Where to Buy Monero
Before starting to trade digital assets, it is important to pick a suitable cryptocurrency exchange. One should take a look at the available trading features, supported payment options, regulations, and more before deciding their pick.
According to our analysis, eToro is the best crypto trading platform from where one can invest in XMR. This is a popular brokerage that has more than 28 million registered users. eToro is regulated by the FCA (Financial Conduct Authority), CySEC (Cyprus Securities and Exchange Commission), the ASIC (Australian Securities and Investments Commission), and more.
While XMR currently trades at $157 per token, eToro offers fractional sharing options. Therefore, one can begin trading this cryptocurrency with a $10 investment. Apart from Monero, the exchange allows users to buy Ethereum, Dogecoin, Bitcoin, and 70+ digital assets.
This trading platform also gives one access to features such as Copy Trading, allowing you to copy the exact trades of other platform members. You can also invest in ‘Smart Portfolios’ to diversify your crypto holdings.
On eToro, investors can begin trading after depositing $50 (Only for US members) into their accounts. The platform lets you make this deposit via credit/debit cards, bank transfers, and e-wallets, including PayPal. Notably, eToro allows members to buy and sell cryptocurrencies after paying just a 1% commission, along with a market spread.
Pros Cons
Cryptoassets are a highly volatile unregulated investment product.
Is Monero the Best Crypto to Buy?
As seen above, Monero offers a unique use case, as it aims to offer untraceable cryptocurrency transactions. After trading sideways in 2022, Monero offered upward movement by the beginning of January 2023.
Our review shows that the XMR crypto price prediction is positive for the coming years. However, the markets are witnessing a boom in the Web3 and cryptocurrency gaming sector. With an increase in VC (Venture Capital) investments in crypto gaming, we believe this space has the potential to develop huge growth opportunities.
The sections below will discuss a Web3 cryptocurrency, which could potentially be a better alternative to Monero.
Fight Out – New Move-to-Earn Cryptocurrency to Buy Now
The next crypto alternative to Monero is $FGHT, the native cryptocurrency of the Fight Out ecosystem. Fight Out is a move-to-earn (M2E) cryptocurrency platform that rewards members with in-game tokens by completing physical challenges.
One of the best move to earn cryptos, anyone can download the Fight Out app and customize their workouts and exercises. One can also compete against other players within the community and earn rewards. Notably, Fight Out distributes rewards as REPS, which is the game’s currency. These tokens can be converted to $FGHT on the ecosystem.
Reps can be used on the Fight Out store to purchase training equipment, fitness apparel, and supplements. The Fight Out whitepaper mentions that this project is also zeroing down on a location for its first physical gym. Token holders and community members will be able to access the first Fight Out gym before the end of 2023.
$FGHT Tokenomics and Bonuses
Currently, on presale, $FGHT is priced at $0.02171 per token. From a 10 billion token supply, 900 million $FGHT have been allocated for the presale event. Early investors can earn a further 4.5% as bonuses.
Depending on the level of your presale investment, you can earn an extra 10% – 25% of FGHT tokens. While all tokens are subjected to a three-month vesting period, investors can stake the token for a longer time to accumulate a further bonus.
One of the best crypto presales in recent times, Fight Out has already raised over $4.1 million. On April 5th, 2023, $FGHT will be released on centralized crypto exchanges at $0.0333. Join the Fight Out Telegram channel to keep yourselves updated on the presale status and other important news.
Presale Started
14 December 2022
Purchase Methods
ETH, USDT
Chain
Ethereum
Min Investment
None
Max Investment
None
Conclusion
With a market cap of more than $2.87 billion, Monero (XMR) is one of the largest cryptocurrencies in the space. As this platform offers untraceable transactions, it has gained popularity and soared in price since its launch.
We also review a high potential Monero alternative with a lower market cap – due to still being at the presale stage.
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- First Web3 Vote to Earn Platform
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FAQs
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This article was written for Business 2 Community by Viraj Randev.
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