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Monero Price Prediction 2023, 2024, 2025: Will XMR Price Cross $200 In Q4?

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Monero Price Prediction 2023, 2024, 2025: Will XMR Price Cross 0 In Q4?

Story Highlights

  • The live price of Monero is  $ 168.88787113.
  • Monero price may reach a high of $213.541 by the end of 2023.
  • The XMR price with a potential surge could go as high as $962.141 by the end of 2030.

The crypto verse 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’s price in the future? Will the XMR price reach $200 before December 2023 ends? Worry not, as we bring to you the XMR price prediction 2023 – 2025 and the years to come!

Table of contents

Overview

Cryptocurrency Monero
Token XMR
Price   $ 168.88787113

-1.60%

Market Cap  $ 3,102,537,280.6238
Circulating Supply  18,370,397.2339
Trading Volume  $ 103,645,366.3902
All-time High $517.62 on 7th May 2021
All-time Low $0.213 on 15th January 2015
24 High  $ 173.0000
24 Low  $ 166.7000

Monero Price Prediction December 2023

Monero price has been seen trading in a consolidated range between $168.5 and $174 since the start of the month, indicating a decline in the price action. Further, after multiple failed attempts, the bears overpowered the bulls and the price broke down.

The price displayed a strong bearish influence over the market, resulting in the price testing its lower support level of $159.2. Since then, the price has displayed significant price volatility.

Monero Price Prediction 2023

TradingView: XMR/USDT

The MACD level displays a constant red histogram, indicating the possibility of the price continuing to lose value in the coming time. Further, the histogram shows a declining average, suggesting a bearish influence in the market.

If the bulls gain back power and manage to hold the price above the $168.5 mark then a bullish moment will initiate and the price will prepare itself to test the resistance level of $174 in the coming week.

On the flip side, if the bears overpower the bulls, then the price will lose momentum and break down its support level of $168.5, and test the level of $162.5. Moreover, if the market fails to gain momentum, then the Monero price will continue to dip and test its support level of 159.2.

With growing concerns about privacy and security among investors. The network would host newer investors, which could help the company. Monero price could surge to $213.541 by the end of the year. Monero could find some stiff competition amongst rivals and emerging protocols in the industry. Which could limit the price to its potential low of $148.362.

XMR Price Prediction 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 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 $307.654 by the end of 2024. Conversely, factors like soaring inflation numbers and regulatory clampdowns could haul the price to $217.741. That said, an equilibrium in buying and selling pressures could land the altcoin at $262.687.

Monero Price Prediction 2023 – 2030

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2024 217.741 262.687 307.654
2025 294.865 355.844 416.824
2026 378.217 448.583 518.949
2027 462.591 543.473 624.356
2028 543.202 636.258 729.314
2029 624.395 727.829 831.263
2030 707.434 834.787 962.141

Monero Price Prediction 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 $294.865.

However, some bullish trends may not be ignored, and eventually, the price may trade above $416.824 by 2025. Considering the bullish and bearish targets, the regular price might occur at $355.844.

Monero Price Prediction 2026

According to forecast prices and technical analysis, Monero’s price is projected to reach a minimum of $378.217 in 2026. The maximum price could hit $518.949, with an average trading price around $448.583.

Monero Price Prediction 2027

Looking forward to 2027, XMR’s price is expected to reach a low of $462.591, with a high of $624.356 and an average forecast price of $543.473.

Monero Price Prediction 2028

In 2028, the price of a single Monero is anticipated to reach a minimum of $543.202, with a maximum of $729.314 and an average price of $636.258.

Monero Price Prediction 2029

By 2029, XMR’s price is predicted to reach a minimum of $624.395, with the potential to hit a maximum of $831.263 and an average of $727.829.

Monero Price Prediction 2030

In 2030, Monero is predicted to touch its lowest price at $707.434, hitting a high of $962.141 and an average price of $834.787.

What Does The Market Say?

Firm Name 2024 2025 2030
Wallet Investor $174.39 $157.65
priceprediction.net $263.06 $378.53 $2,475.35
DigitalCoinPrice $391.96 $567.94 $1,749.71

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

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. 

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. Unlike Bitcoin where-in, a huge hardware setup is required to mine. Hence the consumption of energy remains relatively low. 

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

Monero price Historical Market Sentiments 2014 – 2022

  • Following the Monero price release the coin surged above $1 for the first time in August. By September, the price surpassed the $10 mark. Following oscillations the year was terminated at $10.
  • 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.
  • The price reached its highest-ever level forming ATH at $495.84 on 7th Jan and by mid-2018, the price fell below $100 in August. The XMR price concluded the year with a tag of $48.
  • In January 2019, Monero was valued at about $46 and by mid-June, it peaked at around $120. The price fell close to $50 by the end of November and by December the Monero settled at around $45.
  • The price witnessed steady growth till the middle of February 2020 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.
  • The price had crossed $160 by the middle of January 2021, and by April the price 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.  
  • The year 2022 was mostly bearish as the industry experienced multiple bankruptcies and company crashes which led to the Monero price concluding the year at $146.01. 

FAQs

Is Monero a good investment in 2023?

Yes, Monero is a good investment option, as it may reach a trading value of $213.541 by the end of 2023.

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 $416.824 by the end of 2025. With a potential surge, the price could go as high as $962.141 by the end of 2030.

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.

How much is 1 Monero worth?

At the time of publishing, the price of 1 XMR was $168.9.

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