Cryptocurrency Price Prediction

Monero (XMR) Price Prediction 2022, 2023, 2024, 2025: How High Can Monero Go?

Author: Elena R

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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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The cryptoverse is home to a myriad of projects employing P2P (peer-to-peer) technology. But one such cryptocurrency which is widely known and is popular amongst users mainly for its privacy-oriented features is Monero. It is built on one of the most unique blockchains that make the transaction details anonymous. This is done by disguising the address used by participants.

Moreover, unlike Bitcoin, mining Monero does not require any additional high-end hardware. And can be done on traditional computing devices. But what can we expect from Monero in the future? Will the Monero price surge or plunge over the years? Worry not, as we bring to you the XMR price prediction for 2022 and the years to come!

Overview

CryptocurrencyMonero
TokenXMR
Price$ 144.8000
Market cap$ 2,630,943,364.0000
Circulating supply 18,147,820.3764
Trading Volume $ 97,581,707.0000
All-time high$ 542.3300 Jan 9, 2018
All-time low$ 0.2162 Jan 14, 2015

Monero (XMR) Price Prediction

YearPotential LowAverage PricePotential High
2022$143.3$172.9$193.1
2023$181.0$252.1$327.9
2024$279.6$399$512.6
2025$438.7$657.2$853.3

Monero (XMR) Price Prediction For 2022 

Monero had initiated the year with a price tag of $250.29, which was its local top of the week. The price of Monero could not pick up steam from its resistance. Which led to the altcoin taking a 28% fall to $178.96 by the 10th of January. 

However, the altcoin took another plunge, this time to its bottom at $136.48, which was seen on the 24th of January. After moving sideways until the 4th of February, the price shot up to $186.17 by the 9th of February. Monero’s price slipped down to its quarterly bottom at $132.47 on the 24th of February. 

Following the tensity around the geopolitical tussle between Ukraine and Russia, and anxiety of FED’s rate hike. The price is seen scripting an inclining uptrend, which led to the altcoin’s quarterly closure at $212.62. The second quarter turned out to be ruthless for the industry. Monero’s price has ranged in tandem with the broader market and is presently down by over 33% from its annual top.

Monero Price Prediction For Q3 

With notable collaborations, adoptions, and a growing user base, the price could propel to its maximum of $197.3.  On the downside, a possible dump in the market, and negative criticism could clutch the price down to $144.3. That said, we can expect an average trading price of $167.4

XMR Price Prediction For Q4 

The fourth quarter remains crucial for Monero, as it could potentially create a new ATH. With growing concerns of privacy and security amongst investors. The network would host newer investors, which could help it establish its potential high of $253.8

Conversely, the bears out-weighing the bulls could suppress the price to $182.9. Factoring in the maximum and minimum price targets, the average price could settle at $216.0

Monero Price Forecast For 2023 

Monero could find some stiff competition amongst rivals and emerging protocols in the industry. Which could limit the price to its potential low of $236.2. On a positive note, with growing prominence and developments, the price of XMR could claim its potential high of $436.4. That said, a balance between the buying and selling pressures could settle the price at $316.23.

XMR Price Forecast For 2024

The yearn for privacy and security will only rise higher in the coming years. And Monero being an ace player in it, will find numerous buyers over the course of time. On the other hand, 2024 also marks the year of Bitcoin’s halving event. This could also propel altcoins to greater heights, and XMR could steal a pie. 

In such a case, the XMR price might propel to a maximum of $712.4 by the end of 2024. Conversely, factors like soaring inflation numbers and regulatory clampdowns could haul the price to $377.8. That said, an equilibrium in buying and selling pressures could land the altcoin at $518.8

Monero Price Prediction For 2025

XMR might surge effectively in the coming years, but the bearish trends may also haunt the price accordingly. Despite the huge bullish momentum, the price may tend to witness a drop, and may trend within $601.9. However, some bullish trends may not be ignored, and eventually, the price may trade above $1155.2 by 2025. Considering the bullish and bearish targets, the regular price might occur at $837.7.

What Does The Market Say?

Wallet Investor:

According to Wallet Investor’s, XMR price prediction. The altcoin might hit a maximum of  $280.525 by the end of 2022. Successively, the minimum price is expected to fall at $109.051 and the average price at $192.774. The firm anticipates that the price to hit the milestone of $432.046 by the end of 2025.

Gov.Capital:

Gov. capital has revised its Monero price prediction. The firm now expects the token to hit a maximum of $181.78 by the end of 2022. On the contrary, they believe that a trend reversal in the market would plummet the price to $134.364. And with average buy and sell pressures it would end up trading at $158.076 by 2022. 

The website has also made a bullish prediction for 2025, they expect the price to surge maximum of $1068.528. Meanwhile, the average and minimum probabilities for 2025 are expected at  $929.155, and $789.781 respectively.

Digital Coin Price:

As per Digital Coin Price, XMR is expected to hit a maximum of $209.00 by the end of 2022. The analysts from the firm expect the XMR price to claim the minimum and average prices of $181.90 and $197.43. That said, Digital Coin Price predicts that XMR’s price could hit a maximum of $347.24 by 2023, and $645.54 by 2025. 

Click here to read our detailed price prediction of Filecoin’s FIL!

What Is Monero (XMR)?

Monero (XMR) is a privacy-focused cryptocurrency that was launched in 2014. This blockchain forms an underlying technology behind digital currencies. And acts as the public ledger of participants that showcases all the transactions on the network.

The unique part of the Monero blockchain is that it can be mined using minimum hardware, with the domestic C.P.U’s. Unlike Bitcoin where-in, a huge hardware setup is required to mine. And hence the consumption of energy remains relatively low. 

The native token of Monero is XMR which initiated trade in the mid of 2014. The founders of Monero decided to remain anonymous. Moreover, according to some rumours, Satoshi Nakamoto who is the inventor of Bitcoin, is also the creator of XMR.

Company Details

monero

  • Cryptocurrencies

Monero (XMR) is a privacy-focused cryptocurrency that was launched on Bitcointalk as Bitmonero in 2014, then renamed to Monero. It’s still impossible to find the real founders of Monero. The crypto fraternity firmly believes there are seven key members involved in the platform who have decided to remain anonymous. As per rumors, Bitcoin founder Satoshi Nakamoto is one of those seven members who hold a key role in the Bitcoin platform.   The blockchain forms the underlying technology behind digital currencies. and acts as the public ledger of participants that showcases all the transactions on the network. The unique part of the Monero blockchain is that it can be mined using minimum hardware and with domestic C.P.U’s. Unlike Bitcoin, a huge hardware setup is required to mine. Hence, the consumption of energy remains relatively low.   Monero aims to achieve the highest level of decentralisation possible, such that users don’t have to trust anyone. The native token of Monero-XMR is a completely fungible digital asset. The details about senders, receivers, and the amount of funds transferred are obscured by default. That said, the process of obfuscation is achieved by the use of ring signatures.

Fundamental Analysis 

It’s still opaque to find who are the real founders of Monero. The crypto fraternity firmly believes there are a total of seven key members involved in launching the platform. Who decided to remain anonymous.  As per speculations, Bitcoin founder Satoshi Nakamoto is one of those seven members who holds a key role in the platform.

Monero was launched on Bitcointalk as Bitmonero in 2014, then renamed Monero. The initial months were challenging for the platform. It had also recovered from a spam attack in September 2014. Whilst in the same year, the platform became successful in publishing research lab papers 1, 2, and 3. The platform aims to launch second-layer solutions of speed and scalability in the years to come. 

Our Monero Price Prediction

The Monero platform seems to be invincible with a string of events lined up for launch. This secure platform is the best-suited investment in the contemporary rocky market scenario. 

According to Coinpedia’s formulated Monero (XMR) price prediction. If the network launches upgrades such as the second layer solutions for speed and scalability, Bulletproofs+, Return addresses, and Triptych. The price may easily surpass the $250 mark by 2022. Conversely, if the network fails to execute its plan. Then the price can flip into a bearish trap, and dip to $180.

Historial Market Sentiments

2014-16

  • Monero did not find much success during its first two years. 
  • The coin performed well since mid-2016 when the price surged above $1 for the first time. 
  • By September, the price surpassed the $10 milestone. Following oscillations the year was terminated at $10.

2017

  • The price at the beginning of 2017 was around $12 which surged to reach $132 by September. 
  • The digital token declined below $100 by November. 
  • By the end of December, the price hit a peak at $461. And closed the trade for the year with a slight pullback at $334.

2018

  • The price reached its highest-ever level forming ATH at $495.84 on Jan 07th. 
  • By the mid of 2018, the price fell close to $100 and eventually dropped below the levels in august. 
  • It regained the levels above $100, but the short-lived rally flipped into a bear market. And the year was concluded at $48.

2019

  • In January 2019, Monero (XMR) was valued at about $46
  • Its price rose and by mid-June, it managed to peak at around $120
  • The price fell close to $50 by the end of November and by December the Monero settled at around $45.

2020

  • The price witnessed a steady growth till the mid of February and also fell close to $35 by mid-march. 
  • Further, the price rose steadily and surpassed $100 by the end of August. And closed the yearly trade at $159.

2021

  • XMR’s price had commenced its trade in an uptrend. The price had crossed $160 by the mid of January. 
  • By April the price had crossed the $300 mark, and managing an uptrend the price hit an ATH of $517.62 on the 5th of May. 
  • The Chinese market crisis on May 19th, resulted in Monero undergoing a steep fall to $192.
  • Following rejections, XMR managed to hit $338.63 in July, but aggravating bearish trends led to Q3’s closure at $250.44.
  • XMR was seen ranging sideways for the majority of the time in Q4. Howbeit, the price took a downswing, which led to the annual closure at $223.98.   

To read our price prediction of Zilliqa (ZIL) click here!

FAQs

Is Monero a good investment in 2022?

Yes, Monero is definitely a good investment option, as it may reach a trading value of $253.8 by the end of 2022.

Is Monero’s privacy policy legal?

Monero is a privacy-oriented crypto that is untraceable.

What will the maximum price of XMR be by the end of 2025?

As per our Monero price prediction, the XMR price might surge as high as $1155.2 by the end of 2025.

How much Monero can be mined in a day?

A single block of Monero requires approximately 2 minutes to mine. Hence nearly 720 blocks can be mined in a day.

Can I mine Monero on my laptop or phone?

Yes, you can mine XMR on your laptop or Android phone, using the right app.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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