Monero, the most prominent privacy coin and the 13th largest cryptocurrency in terms of market capitalization, which has been in the news because of its gaining acceptance.
Currently, Monero (XMR) is trading at $113.6352 with XMR price 4.56% down today. The market cap of Monero is USD 1,848,469,669 with 16,266,706 xmrcirculating currently. The 24-hour price movement chart indicates that $20,596,595 worth of XMR were trading. The price peaked to $119.3910 in the last 24 hours while the lowest price was $112.5059.
Monero is a special kind of digital cryptocurrency system, which uses cryptography to ensure that all the transactions remain untraceable. Monero was created in 2012 and its a fork of the Bytecoin blockchain, which was initially named Bitmonero.
The best part about Monero is that it is fungible and you have complete control over your currency and transactions. Monero has no pre-set size limit like Bitcoin has, that means malicious miners can clog up the system with disproportionately huge blocks.
>One of the confusing thing about Monero is that it has multiple keys but the other thing overpowers its cons is its transaction unlinkability.
With the market being volatile, predicting the cryptocurrency price is really one of the most difficult tasks.
Let’s consider the Monero (XMR) price prediction from major distinct sources, which will give us a fairer idea:
It is a forecasting agency which is specialized to predict the financial market, which has even predicted on more than 100 cryptocurrencies. LongForecast predicts that Monero will fall to $107 by the end of this month, after which it will surge drastically. According to longforecast.com, the Monero price will be in the range of $554-$638 in April 2020 and go up to $810- $945 by December 2020.
WalletInvestor.com displays that Monero can grow to $300 within a year which means it can roughly reach about $200 by the end of 2018.
ProfitConfidential comes up with different price predictions based on the current and market trends. It predicted that Monero would reach around $350-$400 by the end of 2018.
Monero is one of the best performing cryptocurrencies in 2018. Due to the market fluctuations, it fell below $150 mark. But there are speculations that it will pick up its pace by the end of this year or the beginning of 2019.
Monero is expected to reach around $391 or so, around what it costed back in January 2018. Four months are left to close this year. Nothing tremendous can happen in this time frame i. But it is expected to touch the $200 mark by the end of this year.
Monero hasn’t seen as much as fluctuations like other coins. Monero holds value a little bit nicer than the other coins.
By October end or November beginning, Monero is expected to reach around $250, which might reach the 391 dollar mark by early December. Since Monero didn’t impact that much to the traders even during the bearish trend, we are optimistic about the Monero market trends.
January and February will experience green, after which it looks like it will go down a little, and again will take charge from April 2019.
It picks up its pace in the second quarter and reaches around $450 by the end of the second quarter. After that, it slowly and gradually competes to reach the 500 dollar mark, which will be a big boost for the Monero enthusiasts.
Read more: Get the top and best Monero wallets.
2020 will see Monero hovering around the $400 and $600 mark. It will start on a good note where it might jump to about $500 in February and March, and straight to the $550 mark.
This year marks as the benchmark year as Monero has never reached $600 mark before. 2020 can be most important year from cryptocurrency adoption point of view.
Monero is estimated to reach around 1397 USD by 2023. 2021 and 2022 will be seen as the rising year in the world of cryptos, where they might experience a rise like never before. It is expected that in 2021 it will make it to the $900 mark.
While other cryptocurrencies in circulation are actually pseudonymous, Monero is an anonymous cryptocurrency, which is why it has a gained a lot of growth and traction in the recent months. With many users looking for anonymous cryptocurrencies in the near future to perform their transactions, industry experts recommend investors to buy Monero at the current price levels in order to get better returns in the future. You can convert XMR to BTC from CoinSwitch at best rates.
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through the global exchanges like KuCoin, IDEX, Changelly, Bittrex, Cryptopia, ChangeNow and Changer without creating an account on them. If you are interested in buying cryptos, do give it a try!
2018-11-21 08:49:47.000001 | 2 min