Currently, Monero (XMR) is trading at $38.56 with XMR price 16.94% down today. The market cap of Monero is USD 673,973,108 with 17,480,737 XMR circulating currently.
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. (Monero price speculation)
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 2020. 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.
2020 might see Monero hovering around the $100 and $200 mark. It can start on a good note where it might jump to about $200 in February and March, and straight to the $250 mark.
This year might mark as the benchmark year as Monero has never reached $250 mark before. Monero price 2020 might surge drastically as a result of the adoption rate.
Monero is estimated to reach around 1397 USD by 2025. 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 2023 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.
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