Monero Price Prediction 2019 | XMR Price May Touch 500 USD In 2019

CoinSwitch | 04 March, 2019 | 2 min

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. Monero has made quite a bit of improvement over the years in terms of privacy and coding over the years. Very recently, Exodus Eden added Monero to its latest version 19.2.2, where one of the features on the pipeline is the ability to use your own Monero (daemon/node). Even other special projects like MoneroBox (focuses on XMR full node and zero-configured) and Monero javascript (will provide a modern javascript API for daemon and Monero wallet users) have entered the XMR ecosystem. The Monero works on CryptoNight proof-of-work (PoW) algorithm, which is significantly different from other PoW Methodism. Moreover, it's protected from the large corporation domination with massive ASIC farms.

Currently, Monero (XMR) is trading at $47.90 with XMR price 4.39% down today. The market cap of Monero is USD 809,799,207 with 16,832,752 XMR circulating currently. The 24-hour price movement chart indicates that $66,296,336 worth of XMR were trading. The price peaked to $48.8141 in the last 24 hours while the lowest price was $46.6617.

What Is Monero (XMR)?

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.


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One of the confusing thing about Monero is that it has multiple keys but the other thing overpowers its cons is its transaction unlinkability.

Market Prediction For Monero Price 2019

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:

#1 LongForecast

It is a forecasting agency which is specialized to predict the financial market, which has even predicted more than 100 cryptocurrencies. LongForecast predicts that Monero might be in the range of $554-$638 in April 2020 and go up to $810- $945 by December 2020.

#2 Trading Beasts

Trading beasts display that Monero can reach around $150 within a year which means it can roughly reach about $200 by 2020.

#3 Crypto Ground

Crypto ground is a cryptocurrency prediction website which states that Monero might reach $118.02 by the end of 2019. In 5 years, XMR has a good possibility that it might reach $496.82, might even reach the $500 mark if the market is calm enough.

#4 Profit Confidential

Profit Confidential shares the prediction data based on factors like the current market trends, the technology, and the team. They predicted that Monero might soar up to $350 by the end of 2019.

Our Verdict On Monero Price Prediction

Monero is going to be one of the top 3 performing cryptocurrencies in 2019 according to oracletimes and the performance might be thoroughly maintained. Because of the privacy policy, Monero is gaining worldwide acceptance. Towards the end of 2018, Ledger Nano wallet started supporting Mnero, which made it even more wanted by most of the crypto traders across the world. Now, Monero is working on updating its technology like GUI with subaddresses, multi-signature, etc.

Read more: Verge Price Prediction 2019- XVG Price To Touch 0.09 USD By 2019 End

Monero Price Predictions 2019

January and February were not that bad, after which it looks like it might go down a little, and again might take charge from April 2019.

It picks up its pace in the second quarter and can reach around $450 by the end of the second quarter. After that, it slowly and gradually competes to reach the 500 dollar mark, which might be a big boost for the Monero enthusiasts.

Read more: Get the top and best Monero wallets.

Monero Price Predictions 2020

2020 might see Monero hovering around the $400 and $600 mark. It can start on a good note where it might jump to about $500 in February and March, and straight to the $550 mark.

This year might mark as the benchmark year as Monero has never reached $600 mark before. 2020 can be the most important year from the adoption point of view.

Read more: Bitcoin Price Prediction 2019- BTC Price To Touch $23500 In 2019

Monero Price Prediction In 5 Years

Monero is estimated to reach around 1397 USD by 2023. 2021 and 2022 might 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 might 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.

About CoinSwitch

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!



*This price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.




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