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.
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 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.
Trading beasts display that Monero can reach around $150 within a year which means it can roughly reach about $200 by 2020.
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.
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.
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.
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.
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.
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!
2019-03-01 11:16:35.095038 | 2 min