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MONERO PRICE PREDICTION 2024-2030: SHOULD YOU BUY XMR NOW?

Key Takeaways

  • Monero (XMR) is experiencing fluctuations in its price trajectory, with recent movements hovering around the $120 mark, indicating a mix of buying and selling pressure within the market.
  • Our Monero price prediction suggests a bullish trend, with XMR anticipated to reach $250 by the end of 2024. This optimistic outlook is fueled by factors such as increasing adoption, growing demand for privacy-focused cryptocurrencies, and upcoming protocol enhancements.
  • Looking further ahead, by the year 2030, Monero’s price could potentially surge to $948, driven by broader acceptance in mainstream finance and the continued relevance of privacy in the digital asset space.

Monero Overview

CryptocurrencyMonero
TokenXMR
Price$61,520 
Market Cap$2.48 B‬
Trading Volume$47.42 M
Circulating Supply18.44 M‬
All-time High$517.62, Jan 09, 2018
All-time Low$0.2162, Jan 14, 2015
24-High134.17
24-Low136.00

Source: Coinbase

Monero Price Analysis

XMR trades around $120.00 as bears crush short-term support levels

The Monero price analysis shows that the XMR price action has started to consolidate around the $138.00 mark as the price action struggles to move beyond the $120-$133 price level.

The broader cryptocurrency market observed bearish sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include BTC and ETH recording a 0.99 and a 0.83 percent decline respectively.

Monero Price Analysis

XMR struggles to cross the $144.00 mark

KUCOIN:XMRUSDT Chart Image by Terminator118

Technical indicators for XMR/USDT by Tradingview

The MACD is currently bullish as expressed in the green colour of the histogram. Moreover, the indicator shows strong momentum as observed in the tall height of the indicator. On the other hand, the lighter shade suggests a decreasing bullish momentum across the charts as the average price struggles to stay above the $145.00 mark.

The EMAs are trading near the mean position as net price movement over the last ten days remains low. Currently, the EMAs are trading at a distance from each other showing strong bearish momentum at press time. However, the converging EMAs suggest a slowly decreasing bearish pressure.

The Relative Strength Index (RSI) has been trading in the neutral region for the past seven days as the net market momentum has remained low. At press time, the indicator trades low in the neutral region at 40.25 index level as the average price suggests strong bullish momentum, and the upward slope suggests increasing buying pressure at the current price level.

The Bollinger Bands are wide as the Monero price observes high volatility across the short-term charts. Moreover, as the XMR price prediction suggests a move back to the $140.0 mark, the bands will continue converging. At press time, the bands’ lower limit provides support at the $138.4 mark, while the upper limit presents a resistance level at the $146.8 mark. 

What to expect from Monero price analysis

KUCOIN:XMRUSDT Chart Image by Terminator118

4-hour price chart by Tradingview

The XMR price chart shows that the Monero market has started another bullish rally after falling to the $100.00 price level. The bears have broken down to the $120.00 mark, but the price continues upward as the buyers fuel the momentum.

According to the Monero coin price prediction and crypto analysts, traders should expect XMR to continue its movement above the $120.00 mark as either side struggles to generate momentum. On the other hand, if the price drops below the $115.00 mark, the next support level lies at $110.00 and downward movement below $105 is unlikely.

Is Monero a good investment?

Monero is an attractive investment due to its emphasis on privacy and security, utilizing advanced cryptographic techniques to ensure confidentiality in transactions. Its growing adoption across various use cases, coupled with a decentralized development model, enhances its long-term potential. With a limited supply and increasing investor interest, Monero offers a unique opportunity for those seeking financial autonomy and privacy in the cryptocurrency space. However, investors should remain cautious of regulatory risks and market volatility when considering Monero as part of their portfolio.

Recent XMR News/Opinions

Monero recently celebrated the tenth anniversary of its creation according to an X post.

Monero Price Prediction 2024

YearMinimum Price ($)Average Price ($)Maximum Price ($)
2024116.53248.01283.38

Monero $XMR is one of those cryptocurrencies that has held up for the most part, compared to many top cryptos last year. The growth ceiling for #XMR isn’t talked about enough. It’s a highly undervalued asset, but leads the pack of the best cryptos the buy now, despite the decline of most cryptos in the short term, as the public’s trust in the crypto space continues to wane.

Our XMR price prediction for 2024 is a minimum value of $215.85 with an average price of $242.24. Based on the XMR price prediction for 2024, the price could reach a maximum of $253.50 during the year.

Monero Price Prediction 2025-2030

YearMinimum Price ($)Average Price ($)Maximum Price ($)
2025277.79327.95334.82
2026382.15423.08471.94
2027498.42557.47594.18
2028498.42557.47594.18
2029615.09689.04708.50
2030874.03944.43970.58

Monero Price Prediction 2025

Our Monero price prediction for 2025 anticipates a potential increase in Monero adoption, resulting in a maximum price of $370.27. Based on our analysis, investors can expect an average price of $324.37, while the minimum price could be around $315.44. 

Monero Price Prediction 2026

Our XMR price forecast for 2026 Monero price is anticipated to reach a minimum of $462.92in 2026. The potential maximum XRM price could be $544.71, with an average price of $628.67.

Monero Price Prediction 2027

Our XMR price prediction for 2027 will continue rising and exhibit minimum and maximum prices of $660.99 and $806.17 as well as a short-term average price of $684.78.

Monero Price Prediction 2028

Our Monero price prediction for 2028 Monero price is expected to reach a minimum of $950.93 in 2028. The maximum expected XMR price is $1,172.25, with an average price of $985.17.

Monero Price Prediction 2029

Our XMR price prediction for 2029 expects the price of XRM to reach a minimum of $1,354.70. The XRM price can reach a maximum level of $1,624.18, with an average price of $1,403.95throughout 2029. 

Monero Price Prediction 2030

Our Monero price prediction for 2030 is predicted to hit a minimum price of $1,989.41and an average price of $2,059.60 throughout the year 2030. The maximum forecasted Monero price is set at $2,372.43.

Monero Price Prediction by Analysts

Title20242025
Coincodex$ 222.54$421.64
DigitalCoinPrice248.01$531.58
  • Coincodex’s most recent price predictions for Monero suggest that it will rise and reach $ 222.54 by December 31, 2024. Coincodex’s technical indicators indicate that the present mood is bearish, while the Fear & Greed Index reading is 46 (Fear). Over the past 30 days, Monero has experienced 1.53% price volatility and 18/30 (or 60%) green days. Considering Coincodex’s Monero forecast, this is not the ideal time to purchase Monero.
  • The best-case scenario for the price of XMR in 2027 is $421.64 if it grows at the same rate as Facebook. In the event that Monero followed the expansion of the Internet, the forecast for 2026 would be $440.09.
  • DigitalCoinPrice’s most recent Monero price forecast suggests Monero’s value will increase by 238.19%, reaching $531.58 by end of 2025. All technical indicators indicate that the current sentiment is Bearish, while the Fear & Greed Index is reading 14.67, which means extreme fear

Monero Historic Price Sentiment

  • Monero’s market value has changed dramatically since its launch in 2014, going from being worth less than $1 to over $475.
  • May 2021 marked the highest point in Monero’s history. Monero’s price projections brought the security of the coin to light. They provide investors with optimism that they will be freed from the persecution of some authorities simply by buying or selling Monero.

Source: Coinmarketcap.com

  • Across 2023, Monero’s price rose by 11.49%. The highest price of XMR last year was $278.56, and the lowest price was $114.16.
  • Monero has amazing potential over the next few years as acceptance of the cryptocurrency increases. Our market forecast indicates that by 2025, XMR could reach a new all-time high of $638.64.

FAQs

Is Monero a good investment in 2023?

For 2023, the Monero XMR is anticipated to reach a maximum price of $272.82, an average of $239.37, with a minimum price of $232.65.

Will Monero go up in value?

Due to the increasing desire for financial privacy, Monero is a fantastic long-term investment. It has persisted in demonstrating how much better than other currencies it is at protecting the privacy of its users.

When will Monero reach $1000?

According to analysts and our own collated data, Monero XMR will hit $1000 sometime in 2027.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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