Monero Price Prediction 2020, 2025 | Monero Price Analysis

Anisa Batabyal
| 15 July, 2020 | 2 min

Monero Forecast: Live Monero Price 2020

  • XMR/USD Live Price

Currently, the XMR/USD Live Price chart suggests that Monero (XMR) is trading at $71.62 with XMR price 5.85% up today. The market cap of Monero is USD 1,262,807,445 with 17,632,291 XMR circulating currently. 

Recently, the cybersecurity has identified a group behind a malware attack, called the "Panda" crypto Malware group, which has scooped almost $100,000. Moreover, XMR, the most prominent privacy coin and the 12th 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.

Table of Contents

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.

Click here to buy Monero in just 3 clicks

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 2020

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:

#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 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.

Our Verdict On Monero Price Prediction

Monero is going to be one of the top 3 performing cryptocurrencies in 2020 according to oracletimes and the performance might be thoroughly maintained. Because of the privacy policy, Monero is gaining worldwide acceptance. Towards the end of 2020, Ledger Nano wallet started supporting Monero, 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.

Monero Price Predictions 2020

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 Price Prediction 2025

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.

About CoinSwitch 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 global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!

Buy Cryptocurrencies in India

INR to Bitcoin Buy Litecoin in India
INR to USDT Buy BCH in India
INR to Bitcoin Cash INR to BAT

*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.