It’s true that Monero was a great disappointment for investors in 2019. XMR price went up from $46.299 on January 1st 2019 to $46.489 on December 31 2019. However, it is worth monitoring our Monero price prediction algorithm: Monero might still have investment potential if not short term in 2020, then long-term. If you look for good return in 3 to 5 years, XMR might be the coin to watch closely now.
The current Monero price is $53.57, its circulating supply is 17 508 769 XMR. Our algorithm predicts that based on historical data Monero price will be at $40.12 in 1 week and $31.59 in 1 month. Our deep learning algorithm predicts the XMR price will be at $66.08 in 6 months. Analysis of the cryptocurrency market shows that Monero price may reach $26.77 by 1st of January 2021 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that XMR will stay around $24.34 in 2021, $26.77 in 2022, $46.68 in 2023, $51.35 in 2024 and $56.48 in 2025.
While creating the Monero prognosis our script has revealed strong fluctuations during the last 180 days. The highest possible predicted price in 180 day period is $66.08 and lowest possible predicted price is $60.67.
The current market dynamics creates the impression that investors' interest in cryptocurrency market has faded away, which may not be the case. Cryptocurrencies that truly deliver value will not vanish, they will continue to grow – and Monero has the potential to stay within "survivors" team. Our Monero short-term and long-term prediction charts will help you choose the right entry time and create a proper exit plan.
Keep a close look on our Monero Price Prediction Forecast Tool to get daily, weekly, monthly and yearly Monero forecast updated daily. You can also check other cryptocurrency price prediction here.
What is the current price of Monero (XMR)?
The current price of Monero is $53.57.
What is the current market capitalization of Monero (XMR)?
The current market capitalization of Monero is $937 948 624.
What will be the price of Monero (XMR) Tomorrow?
Our algorithm forecasts that the price of Monero will reach $56.95 tomorrow.
In 1 year from now what will 1 Monero be worth?
As per the forecast and algorithmic analysis, the the price of 1 Monero will be around $24.34.
Is it profitable to invest in Monero (XMR)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for Monero (XMR) as a short term investment. Monero can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will Monero be growing in the Future?
Monero is potentially one of the most profitable among digital coins.
How high can the Price of Monero go?
Our algorithm forecasts that the price of Monero will reach $56.48 by 2023.
Is Monero (XMR) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Monero now.
XMR definitely has everything that's needed to be everyone's favorite altcoin. I guess, there's no need to mention the total anonymity of transactions in this private coin and its superior security. Monero has also been doing quite well on the profit-granting front, showing strong gains, as opposed to its competitors Dash and ZCash. Also, XMR has good resilience to the drops in the BTC price that usually exerts a direct impact on the entire cryptocurrency market.
I really think that XMR is a long-term hold. Privacy coins had their time in the sun, but they’ve become irrelevant since no one cares if you can hide your money. Everyone is focused on projects that are partnering with banks, not shunning them. Of course, there’s always a place for black market money, but investors aren’t going to park it in Monero. This is why the current valuation is either right where it should be or too high. Until privacy coins can see actual use, then there’s no reason to rush towards projects like XMR.
This is the place to park your money. The IRS along with every financial agency is going to try tax crypto like crazy. Once the market stabilizes, and the price stops moving so crazy I’ll put every cent i have into XMR. XMR is revolutionary because its the digtal age’s cash. Just as we put cash under our matress, we can stash our Monero into our digital wallet way from the eyes of blockchain analytics and the tax man.
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