Monero price prediction indicates that it could reach $180 in the short term i.e., by early 2025, and could reach $460 in the long term, i.e., by 2030.
What is Monero (XMR)?
Monero is a cryptocurrency project that is used to anonymize crypto transactions. It means that funds sent via the XMR blockchain are completely anonymized, and links between the sender’s address and the receiver’s address are erased.
This is generally used for situations where a higher level of anonymity is needed than what blockchains provide natively, which increases the demand for Monero-like projects.
Fundamental Analysis
Monero’s fundamental analysis shows that the crypto will continue to see perpetual usage in the future despite bans, de-listings, and more. The technology behind Monero was built specifically to tackle situations where centralized authorities could impose severe bans and restrictions on it.
Monero’s ultra-advanced security is unparalleled, which is why even complex crypto mixers like Tornado Cash transactions can sometimes be traced to a certain extent, but not in XMR.
This is why, despite all delistings and bans, XMR still commands a market cap of $2.9 billion with a token supply of 18.45 million coins.
Here’s why we think Shiba Inu could beat DOGE in the future.
Technical Analysis
XMR has been stable since early 2022 and has never left the median price level of $150 in the last two years.
However, it oscillates between a bottom level of $135 and a peak of $188.
A look at the technical charts reveals that on 19 Nov, MACD showed a positive breakout in XMR. A breakout in XMR is only possible if it crosses the $180 levels.
At press time, XMR was trading around $158 and looks ripe for a possibility to cross $170. Once it does, a bull market could easily send XMR above $180.
Monero Price Prediction
In the short term, XMR could see a growth beyond $180 and in the long term we expect it to cross $460.
XMR Price Prediction 2024
We expect XMR to cross $180 which is just 15% away from current price levels. Further, as Bitcoin looks to cross $135k in the short term, we expect Monero to cross these levels easily.
Monero Price Prediction 2025
By the end of 2025, we could see a strong altcoin season, and in such a period of accelerated altcoin growth, the need for XMR would be high especially for those who wish full privacy of their transactions above anything else.
We expect XMR to cross $270 by the end of 2025.
XMR Price Prediction 2026
This year, XMR could cross $400 in the bull case and $300 in the bear case. This is because, by this year, we could understand the full impact of Trump’s policy on crypto and also understand the demand for privacy-centric crypto in a market driven by institutions (ETFs, crypto companies, etc).
Monero Price Prediction 2027
The year 2027 is expected to be a bearish one because of the 4-year Bitcoin cycle. Bitcoin now dominates 60% of crypto markets. XMR could correct to its previous support level of $270 (which is now a resistance).
XMR Price Prediction 2028
In the pre-halving rally of 2024, we saw crypto markets rising very high pushing cryptos like memecoins into a bullish spiral. Similarly, the pre-halving rally of 2028 could send XMR to $400 levels.
Monero Price Prediction 2029
We might see a post-Bitcoin-halving rally that could lead the crypto markets in a similar rally as we see now. XMR could rise in a similar phase to $460 levels by the end of 2029.
XMR Price Prediction 2030
In the long term, we see XMR crossing $460 in the bear case and above $600 in the bull case. Yet, the possibility of $460 is much higher because of the severe restrictions put on XMR. Had this been a fair market, XMR could easily cross $600.
