Monero is a type of cryptocurrency that can be exchanged for other currencies or goods and services. It provides ultra-modern privacy and charges only low fees. You can leverage it for seamless anonymous transactions.
In this article, we dive into the details of Monero and shall also make the Monero price prediction for the coming years. Experts forecast that Monero is supposed to have a fall in the coming days, however, its rice price is predicted to witness a hike by 2030. Let us read more.
What Is Monero (XMR)?
Monero is a cryptocurrency that is untraceable to achieve the highest form of anonymity and fungibility. The protocol of this cryptocurrency is open source and is rooted in CryptoNote, an application layer protocol invented for cryptocurrencies that operates to resolve certain issues identified in Bitcoin.
The major issues reported in Bitcoin were the irregular emission, traceability of transactions, and the proof of work function; and this one solves all these problems.
It has a block reward of XMR 0.6 and an unlimited supply limit. Monero is behind Bitcoin and Ethereum, in the third position for holding the largest community of developers. The key factors that affect the price of Monero are its market demand, regulatory news macroeconomic trends, investor sentiment, and technological advancements.
Monero is most known for its privacy-enhancing technologies that obfuscate transactions. An observer will not be able to decipher the sending and receiving addresses, the address balances, the amounts that were transacted, and the history of transactions.
Monero Price Predictions: 2025, 2026, 2027, 2028, 2029, 2030
The current price of Monero, at the time of writing this article, is $143.80 with a price prediction indicating a fall in price in the coming days. At the time of writing this article, Monero has a 50-day SMA (Simple Moving Average) of $141.00, a 14-day RSI (Relative Strength Index) of 55.07, and a 200-day SMA of $1155.86.
According to the latest price prediction reports, the price of Monero will fall to $124.76 with a -13.82 % drop by 12 March 2024. Over the course of the last 30 days, Monero has had 17/30 green days with a price volatility of 6.79%.
Monero Price Prediction: 2025
Monero price prediction for the next year 2025, as per the present reports, is between a yearly low of $109.27 and a yearly high of $363.91. If Monero reaches the upper price target, it could have a gain of 153.09%
Monero Price Prediction: 2026
In the year 2026, Monero is predicted to have $ 224.57 on the lower end and $ 569.10 on the upper end.
Monero Price Prediction: 2027
As per the reports from experts, the Monero forecast for 2027 is currently between a yearly low of $ 185.73 and a yearly high of $ 359.65
Monero Price Prediction: 2028
In the upcoming year 2028, Monero is predicted to have a $ 197.86 in the lower end and a $ 257.68 in the upper end.
Monero Price Prediction: 2029
The MMoneor Price Prediction for the year 2029 is presently between $ 155.43 as the yearly low and the yearly high can go up to $ 646.45.
Monero Price Prediction: 2030
Experts suggest the 2030 price prediction of Monero to be between $ 386.44 at the yearly lower end and $ 1,077.92 at the yearly upper end.
Where To Buy Monero?
Here are the exchange platforms from where you can buy Monero:
- Coinbase
- Kraken
- KuCoin
- Bit2Me
Is Monero A Good Cryptocurrency Investment?
Monero is a kind of digital cryptocurrency which is untraceable and private. It utilizes cryptography to provide a shield for the sender’s and receiver’s addresses and also shields the transacted amounts.
Considering the last 30 days, at the time of writing this article. Monero has had 17/30 green days. After reviewing the historical data and the reports from the watchdogs of the industry, Monero seems to be a bad investment in 2024.
The current price prediction suggests that Monero is going to have a price drop of 13.82% in the coming days. However, In the coming year 2025, Monero is forecasted to have a yearly high of $363.91 and in 2026 it is forecasted to have a yearly high of $569.10. by the end of the year 2030, MOnero is predicted to have a year upper end of $1077.92.
Although, note that to decide whether Monero is a good investment you need to analyze your individual risk tolerance, alignment with the fundamentals of the project, and your investment horizon.
