This article was last updated on July 18, 2022
With the current state of the crypto market, many investors are looking to sell their assets. On the other hand, we have experienced investors who believe in crypto and see this opportunity as a discount. These same investors are also looking into Monero price predictions because XMR is one of the most popular networks and cryptocurrencies on the market.
This is exactly what we will be covering in this article, including more information about the Monero network and network.
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With that being said, let’s get right into it.
What is Monero (XMR)?
Monero is an open-source, privacy-oriented, proof-of-work cryptocurrency, which uses an opaque blockchain. This makes all transaction details such as sender, receiver, amount, etc. anonymous by disguising addresses.
Monero is the most well-known cryptocurrency that aims to provide privacy and anonymity, which is also the reason why it never leaves the market’s top 50. Additionally, it is arguably the most decentralized platform out there.
The platform manages to achieve the concepts it is claiming to tackle, by mainly using two tools – ring signatures & stealth addresses.
Furthermore, the non-traceable transaction history the network implements offer participants significantly increased security and safety. Alongside that, the fungible XMR tokens mean that they cannot be blacklisted or blocked in any way, shape, or form.
Rings signatures are the first tool, working in tandem with stealth addresses, that ensures the privacy of Monero’s users.
They allow token senders to mask their identity away from other participants in a group, where transactions happen.
You can consider the ring signatures as a completely anonymous virtual signature between members of the group, while they do not reveal the identity, nor which member signed the transaction contract.
Each of these ring signatures is completely unique because, in order to generate one, the platform uses a combination of the sender’s keys and public keys.
In terms of security, it is quite safe, because not even the most advanced computation can figure out which member of a group produces the signature. This covers most of the basics of ring signatures.
These are randomly generated addresses that are used only once upon the creation of a transaction.
This happens on the behalf of the recipient, adding an additional layer of privacy to the network’s users.
As you can probably guess, the reason why they are called “stealth addresses” is that they enable the concealing of the address of a transaction, hiding the receiver’s wallet and identity.
Can Monero (XMR) Reach $500?
Monero is a project that comes with a lot of utility. This is what many investors love about it. Owners are optimistic about the development of the network, once the market stabilizes. That’s why so many believe the price will not only reach $500 but go beyond and reach its past glory.
However, let’s think about it for a moment. The current price of Monero is around $115-$120, which is far away from its previous all-time high of $483.57. This means it will need a 4.5x increase in order to reach a price evaluation of $500. With a current market cap of $2.1 million, this will result in a new market cap of more than $9.1 billion.
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This is not so doable unless the circulation supply drops. That’s because, if that happens, it will place it in the top 10 cryptocurrencies by market cap, which if we are honest, will probably not happen. This is why we believe Monero will not reach $500 anytime soon. If that happens, it will be more towards the end of the decade, once the crypto market expands.
First, we need to see market stabilization. This will happen after the military conflicts in Europe get resolved. Until then, the market will proceed to be chaotic and bearish.
So when is Monero going to reach $500? It will take at least 4 more years, or even 5 if we are being conservative.
XMR Price Prediction For 2022 – 2030
Monero’s future price is difficult to predict, as it is reliant on a number of factors, including the performance of the Monero network, global economic conditions, and the price of other cryptocurrencies. However, if Monero continues to grow as a network at its current rate, it is possible that the price evaluation for XMR could easily start climbing back to the $200 mark by the end of 2022.
This would represent a significant increase from its current price of around $117, but would still be way below its all-time high of $483.57, reached in May 2021. While Monero’s future price is impossible to predict with certainty, we are eager to share with you our analytical forecast.
Keep in mind that these are mainly speculations, although supported by facts and other somewhat solid factors. With that being said, let’s head on to the interesting part.
2022 Monero (XMR) Price Prediction
Some of the financial industry’s top names have lent their weight to Monero’s price prognosis. The number of collaborations and events with the cryptocurrency sector demonstrates that many people are confident in cryptocurrency.
According to that and to Monero’s performance over the past year, it may achieve a tremendous boost by year’s end, unlike other significant coins like Bitcoin and ETH, and break through the $200 mark yet again, which will get it closer to its previous heights.
Of course, there’s the scenario that we experience further world conflicts that can affect the crypto market. In that case, we can expect XMR to drop in price. No one can say for sure how low it may go, but we can easily see it dropping to around $90-$110.
2023 Monero (XMR) Price Prediction
Many analysts have made Monero price predictions for 2023, and the general consensus is that the price of Monero will continue to rise. This is based on a number of factors, including the increasing use of Monero’s technology, the growing popularity of crypto, and the overall positive outlook for the global economy.
While it is impossible to say exactly what the price of Monero will be in 2023, most experts agree that it has the potential to reach new heights.
More realistically, we can expect the price of Monero to reach $263.19-$269.25 by the end of 2023.
2024 Monero (XMR) Price Prediction
If the growth for Monero continues, we can easily see it getting massive adoption. Our price prediction for 2024 is as conservative as possible, in order to not misguide you.
We believe that by the end of 2024, the price of Monero will reach at least $300. If we let ourselves be a bit more speculative, we’d raise it to $320, bringing it closer and closer to its previous peak.
2025 Monero (XMR) Price Prediction
According to many Monero enthusiasts and their price predictions, XMR prices may rise dramatically in the trading range between $352.91 and $359.18.
However, the most realistic expectation is for a midpoint of these price levels. With widespread adoption, XMR price prediction as a cheap and convenient digital asset might become a reality.
For this scenario, we must also consider that the Monero network can significantly expand and develop. In that case, prices may even go as high as $425.65, very close to its previous ATH, but that is quite ambitious.
As for a worse scenario, there are many things we cannot predict. Such is any global military, environmental, pandemic, financial, and other similar issues.
But let’s explore what we have at hand. If a strong competitor arises, things can definitely go south for Monero. Another thing that can happen is if there’s any change in the network’s operation. This can include a change of CEO, developers, other team members, etc. If that happens, we can see the price of Monero dropping by 50-70%, meaning it will go for about $135-$150.
2026 Monero (XMR) Price Prediction
Keeping our conservative approach, we won’t try to make ridiculous price predictions for Monero. Although many believe that by 2026 the price of XMR will be at least $500, and pass its previous ATH, we’d give a different value.
2026 is actually not too far away, but in terms of crypto, it is. We believe that Monero will be evaluated at anywhere between $478.90 and $482.22.
2027 Monero (XMR) Price Prediction
As the years go by and Monero continues its expansion and proves its utility we can easily see it going for as much as $4. However, if we are being more realistic, the price might remain moving sideways, as that is a hefty growth.
By that, we mean that XMR will be evaluated at around $511.02 – $520.33. We think the lower spectrum of our price prediction will be more accurate than the higher. Yet, as we all know, the crypto market is quite unpredictable, so we will have to wait and see.
2028 Monero (XMR) Price Prediction
In 2028, if Monero comes out with new projects and experiences further adoption, we can see it potentially going to and reaching a price of $561.23-$579.04. However, this is mostly optimistic.
On the lower end, we can see XMR being worth around $512.32, while on average remaining at around $538.56.
2029 Monero (XMR) Price Prediction
For the last year of the decade, we believe that cryptocurrencies will have settled in for the most part. By that, we mean that tokens will be nothing out of the ordinary anymore. Not only crypto but all sorts of crypto projects too – NFTs, dApps, etc.
As such, we think Monero will be moving at around $580 to $590 easily, although we can also see it reaching the $600 mark.
2030 Monero (XMR) Price Prediction
Crypto price predictions are always difficult, as the cryptocurrency market is highly volatile. Even more so when we are talking about 8 years into the future.
Some experts have forecast that Monero’s price could reach up to $600+ by 2030. This would be a significant increase from its current price of around $117. However, it is important to remember that Monero is growing, and so is its adoption rate, utility, and potential.
In addition, the current global economic situation could also lead to an increase in the price of Monero, as more investors look to cryptocurrencies as a safe haven for their money. Only time will tell whether this price forecast comes true, but Monero certainly seems to have a bright future ahead.
That is unless we see global frames in which cryptocurrencies have to operate in the future. What we mean here is that countries could start incorporating restrictions. There already are some countries like Qatar, China, Turkey, etc.
If that happens, we can see many of the tokens we all love and know drop down by a lot. This might even mean the end of cryptocurrencies as we know them.
For Monero, if that happens, we can easily make a price forecast that XMR can drop in value by 90%. To be more specific, this might mean a price evaluation of less than $57.56. On a brighter note, this is highly unlikely, even though not impossible.
Our Opinion On Monero (XMR) Price Predictions
Given the Monero price today, we can make lots of speculations. However, when doing a price prediction or looking at one, you must stay completely aware that most of the time it is completely off.
Although we kept a strong conservative approach with our average forecast price, you should still take this prognosis with a grain of salt.
Monero is certainly a great project with huge potential, which makes us believe that it will survive throughout the years.
Overall, although we believe Monero will certainly be bullish and we believe in our speculations, we can never be certain.
Taking all of the above into consideration, it would appear that XMR is a very promising investment. The price predictions for XMR are exceptionally positive, and the coin does have a lot of potential.
Of course, as with any investment, there is no guarantee that XMR will reach the predicted price points. However, if you are looking to invest in cryptocurrency, XMR is definitely worth considering.
There aren’t too many unique projects that have been coming out these days. Most are looking to give solutions to problems that do not exist. Others are looking to create problems in order to give solutions to irrelevant sectors of the crypto market.
That is definitely not the case with Monero. The network will definitely keep growing and expanding its adoption. Even if the general public does not take better notice of Monero anytime soon, huge companies are already working hand in hand with Monero to better their operations.
We will keep an eye on the development of Monero and how it performs. Its potential in tandem with our price predictions makes us keen to see what lies in the future for Monero.