Over the past few days, the crypto market has seemed to be recovering quickly.
Furthermore, after the dip in the past two months, the crypto market has climbed up steadily. Now, it looks like the crypto-asset industry will rise high again.
Will Monero (XMR) experience the same price volatility? We’ll find out soon in this Monero (XMR) price analysis 2021 article. But first, let’s have a look at what Monero (XMR) is.
What Is Monero (XMR)?
Monero is one of the important cryptocurrencies when it comes to payment security. XMR was originated and developed in 2014 by Riccardo Spagni and David Latapie.
The developers designed the crypto to give a great level of privacy to its users. For this, the network has become popular for users and investors who prefer anonymity.
The crypto’s average daily trading volume amounts to almost $1 billion when it comes to trading. Miners in the network are based on a democratic concept where the network treats all users equally. Accordingly, XMR miners can mine independently using a standard CPU that does not require complicated hardware like ASICs.
XMR Current Market Value
At the time of writing, Monero’s price trends at $238.35 with a 24-hour trading volume of $190,007,992. Monero has been up 3.12% in the last 24 hours.
The current CoinMarketCap ranking is #46, with a live market cap of $4,298,594,160 USD. It has a circulating supply of 18,034,459 XMR coins and the max.
Monero (XMR) Price Prediction 2021
It is witnessed that XMR has performed excellently over the past few days. Moreover, the XMR price shows a bullish trend. If this trend continues, XMR might run along with the bulls, overtaking its $318 resistance level and moving even higher to $342.
On the other hand, if the investors turn opposite the crypto, the bears might take over and push XMR from its uptrend position. In simpler terms, the price of XMR might decrease to almost $245, a bearish signal.
Meanwhile, our long-term XMR price prediction for 2021 is bullish. It has a high probability of touching new heights. However, that will only occur if it breaks many early psychological resistances.
Monero (XMR) Price Prediction 2022
If this bullish trend continues, XMR will reach $450 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $500.
Then this rise will slow down, but no significant falls are expected. With upcoming partnerships and developments reaching $450 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Monero (XMR) Price Prediction 2023
If XMR continues the support level around 200-MA, the long-term moving average, users will have enough time and balance to forge the next attack mission on the vital level at $550, making it not plummet but play consistently.
Monero (XMR) Price Prediction 2024
As per the latest upgrades, developments, XMR price prediction, and new project projections of the platform, XMR investors could assume many partnerships and integrations around 2024.
Moreover, this might increase the price of XMR in the crypto market, and it will be the best investment as the price can spike and reach around $700.
Monero (XMR) Price Prediction 2025
In the next four years, XMR prices could race up to $850. However, attaining this level could not be so tricky for XMR as other medium, short-term, and long-term price targets could be found to purchase or sell orders.
This indicates that XMR has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Expert Take On For Monero (XMR) Price Prediction
Many crypto experts hope that Monero, a $2.7 billion cryptocurrency, has tremendous potential and is the best-ever performing cryptocurrency. Let us have a complete look at the expert analyses:-
Monero (XMR), going by what it was in April 2021, sounds highly bullish as it has shown a reliable consistency. By the December 2021 end, it should easily swing around $520 to $551.
Monero forecast shows a long-term increase in trends. The Monero (XMR ) future price will be $798.013 by the end of 2025.
Monero (XMR) has a promising future. It may get marginally impacted, but bulls will be back, and around 2024, its price may skyrocket to $510.
It entirely depends on the competitors’ movement and trade. The number of existing (Monero (XMR)) tokens are seated at $8.7 billion market cap, each Monero price worth $486.
Monero (XMR) seems to be showing a bullish trend. The price of 1 Monero (XMR) may roughly be up to $725.71 and up to $1,073.61 in 1 year and 3 year respectively.
Digital Coin Price
The price of Monero is expected to reach around $900 by 2023, then rising to $1397 by 2025.
How To Buy Monero
- Open an exchange Account: To start purchasing and selling cryptocurrencies, you’ll need to register yourself on an online broker or a crypto exchange. These crypto exchanges will help you buy, sell and store your digital assets from a secured location.
- Buy a wallet (optional): You will require a digital wallet or an e-wallet to trade Monero. Digital wallets help you store your digital assets in a safe and private location. You should consider the cryptocurrencies supported by the wallet and their transaction fees before you buy.
- Make your purchase: Once you set up your account with an exchange, you can browse thousands of listed cryptocurrencies available for trade. If you want to buy Monero, you can select it from the list. You can also enter Monero in the search bar to find it faster.
If the price of Monero befits your financial goals, you can then decide the total number of tokens you want to buy. When you’re ready to make the trade, you can set the volume of tokens you want to purchase and click the buy button to execute the order.
Is Monero A Good Investment?
Given the high volatility in cryptocurrency markets, you must do your own research to determine if a coin or token is a good investment for your portfolio and financial circumstances.
The decision will depend on your risk tolerance, and you should never invest more than you can stand to lose.