- XMR’s price might decrease to $135 but a rebound to $232 is possible in 2024.
- The years 2026 and 2029 could be bearish for XMR, key indicators showed.
- The price of XMR could be worth $595 by the end of 2030.
One reason many market participants started using crypto was because of security and privacy. However, a lot of projects have not been able to achieve that with full decentralization. But there is a particular project known as Monero (XMR) which has been able to engage the benefits of cryptography to provide censorship-resistant transactions.
While this feature drove demand for XMR at one point, the hype has reduced while forcing a decline in the value. Still, this does not imply that XMR and Monero at large do not have a future. To get an idea of the project’s potential, read this XMR price prediction from 2024 to 2030.
Table of contents
- What is Monero?
- XMR Current Market Status
- Monero (XMR) Price Analysis
- Monero (XMR) Price Prediction 2024
- Monero (XMR) Price Prediction 2025
- Monero (XMR) Price Prediction 2026
- Monero (XMR) Price Prediction 2027
- Monero (XMR) Price Prediction 2028
- Monero (XMR) Price Prediction 2029
- Monero (XMR) Price Prediction 2030
- Monero (XMR) Price Prediction 2040
- Monero (XMR) Price Prediction 2050
- Conclusion
- FAQs
What is Monero?
Monero is the biggest privacy and security project in the crypto market. As a project, Monero allows users to make transactions privately without revealing the identity of the participants. For Monero, the rationale behind the idea is to ensure that all its users are “protected.”
Due to its fundamentals, the project uses a consensus mechanism built to prevent centralization on the network. This is known as CryptoNight as is built on the Proof-of-Work (PoW) mechanism used by Bitcoin (BTC).
But Bitcoin operates differently from Monero as the former allows for some form of transparency. However, the advanced cryptography Monero uses enhances quick and cheap payments through its native token called XMR.
The freedom that Monero and XMR offer is the major reason the token’s value rises. However, there have been allegations that some elements are taking advantage of this feature to engage in illicit transactions. This was one of the reasons some top crypto exchanges delisted XMR pairs from their platforms.
XMR Current Market Status
XMR’s price as of this writing was $144.03. This was a 13.39% increase in the last 30 days. While the price decreased in the last 24 hours, it was not the same for the trading volume which went up by 37.67%. The rise in trading volume ensured that the metric hit $66.99 million.
Monero is part of the top 50 cryptocurrencies with a market cap of $2.65 billion. However, its maximum supply is unknown while the total supply is the same as the circulation.
At the time of this writing, the total number of XMR tokens in circulation was 18.44 million tokens. If you intend to buy XMR, you can head over to exchanges like MEXC, Kraken, KuCoin, Gate.io, and HTX.
Monero (XMR) Price Analysis
For most of the last few days, XMR has traded sideways. However, some analysts believe that a breakout is on the way. If this happens, the price of the token might skyrocket to a yearly high. But beyond that, it is good to examine the token from a technical perspective. Hence, this segment analyzes XMR’s price prediction from 2024 to 2030.
Monero (XMR) Price Analysis – Bollinger Bands
On the 4-hour chart, the Bollinger Bands (BB) expanded, indicating that volatility around XMR has increased. This rise in volatility implies that prices might fluctuate significantly in the coming days.
XMR/USD 4-Hour Chart (Source:
TradingView)
However, the upper band of the BB tapped XMR at $147.63, meaning the token was overbought. As such, the price declined to $145. But if selling pressure increases while volatility heightens, the value of XMR might drop to $138.57.
Monero (XMR) Price Analysis – Relative Strength Index (RSI)
For the Relative Strength Index (RSI) which measures momentum, data from the chart below showed that it decreased. Previously, the RSI trended upwards, indicating a rise in bullish momentum.
XMR/USD 4-Hour Chart (Source:
TradingView)
However, the recent fall suggests that the buying pressure has decreased. Hence, XMR could face an intense decrease. From the look of things, the price might drop below $140 unless bulls take charge again.
Monero (XMR) Price Analysis – Moving Average Convergence Divergence
Any signal obtained from the Moving Average Convergence Divergence (MACD) is most times similar to the RSI. This is because both indicators track momentum. However, the MACD reveals more by indicating the position of buyers against sellers.
XMR/USD 4-Hour Chart (Source:
TradingView)
Surprisingly, the MACD reading was positive, indicating that XMR could be getting its bullish momentum back. Also, the 12 EMA (blue) was above the 26 EMA (orange), suggesting buyer dominance. If this position remains the same, the token might defy all odds, and trade above $150.
Monero (XMR) Price Prediction 2024
Indications from the daily chart revealed that XMR could still be bullish in the long term. One of the indicators supporting this prediction is the Fibonacci levels. As of this writing, the 0.618 Fib level was at $135.
FLR/USD Daily Chart (Source:
TradingView)
This means that XMR’s price could retrace to this level at some point. Furthermore, the Awesome Oscillator (AO) backed the prediction as red histogram bars appeared on it. However, the potential decline could give way to a monumental increase. Going by the position of the 2.618 Fib level, XMR could hit $230.32 in 2024.
Monero (XMR) Price Prediction – Resistance and Support Levels
Looking at the 4-hour XMR/USD chart, there were vital resistance and support zones that could impact the price. First, Coin Edition noticed a support at $127.46 which was crucial to the token’s upward run.
However, in the build-up to the rally, XMR faced resistance at $136.19 but bulls were able to break past this level. If the price breaks below this point, then a massive correction could be on the table.
XMR/USD 4-Hour Chart (Source:
TradingView)
In addition, there was another resistance at $143.74 which the token had moved past. However, there were signs that XMR might fall below this point. But if bulls prevent this, the value could jump higher.
Monero (XMR) Price Prediction 2025
XMR’s price could increase in 2025 as prices of altcoins could hit incredible numbers. For Monero, its fundamentals of privacy could help its price rise. Besides that, the projection that the U.S. would become more crypto-friendly could help the price of the token jump. By the look of things, XMR could hit $275 in 2025.
Monero (XMR) Price Prediction 2026
By 2026, the price of XMR might decrease, as market participants might take a lot of capital out of the market. If this is the case, XMR might fall back to $202.
Monero (XMR) Price Prediction 2027
For 2027, it is possible to see XMR rise past the lows of 2027. This is because the demand for cryptocurrencies could be incredible. Also, users who want to make private transactions might increase. Therefore, XMR could hit $318 in 2027.
Monero (XMR) Price Prediction 2028
The price of XMR is expected to surpass its all-time high in 2028. By this time, the 5th Bitcoin halving might be the catalyst that pushes many other cryptocurrencies to new highs. For XMR, it could be an increase to $570.
Monero (XMR) Price Prediction 2029
XMR might face another setback in 2029 as regulatory issues concerning its transparency could cause its price to decrease. Although there are similar problems currently, Monero has been able to withstand the heat. But in the long term, it might not be able to. As such the price could drop to $389 in 2029.
Monero (XMR) Price Prediction 2030
In 2030, XMR’s price might bounce off the decrease as it is expected to resolve the issue it might have with regulatory authorities. If this is the case, the price of the token could climb to $595.
Monero (XMR) Price Prediction 2040
At the maximum level, the price of XMR could be valued at $720 as the Monero ecosystem might have expanded, and its use case could be better. However, that does not imply that the price would not undergo declines at intervals.
| Minimum Price | Average Price | Maximum Price |
| $547 | $692 | $720 |
Monero (XMR) Price Prediction 2050
For 2050, XMR might continue to increase. However, there might be predicitons that the token might hit $1,000. But it might end up getting close to it, and not reaching the landmark.
| Minimum Price | Average Price | Maximum Price |
| $842 | $904 | $938 |
Conclusion
In conclusion, it is important to remember that Monero has its pros and cons. These pros and cons affect the price of XMR and could remain so in the future. By the look of things, XMR might find it challenging to revisit its all-time high within the next few years.
But that does not mean that the price prediction would be awful. As usual, watch out for developments on the blockchain, and do your research beyond this article.
FAQs
What is XMR?
XMR is the native cryptocurrency of Monero, a privacy-based blockchain that facilitates anonymous transactions and aims to achieve the highest level of decentralization.
How do you buy XMR?
You can buy XMR on exchanges. Some of the exchanges to buy XMR include Kraken, KuCoin, Gate.io, HTX, and many more.
Is XMR a good investment?
With an all-time 5762% increase, XMR has proven to be a good investment. However, recent challenges faced by the project put that tag at risk. Going forward, those who plan to buy the token might need to engage in good research before deciding if it could be a good investment or not.
What is XMR’s all-time high?
XMR’s all-time high was $517.62 in May 2021.
Will XMR reach $200 soon?
XMR can reach $200 soon. This is because the token has been recovering well since the community lost funds to hack in December 2023. During that time, the price of XMR was on its way to hitting the milestone.
But the exploit forced a crash in its price. However, if it sustains its recent momentum, XMR could reach as break past $200.
What is the maximum supply of XMR?
The maximum supply of XMR is unknown but its total supply is 18.44 million tokens.
Will XMR surpass its current ATH?
XMR has the potential to surpass its all-time high. However, this could take some years as the narrative that gets a lot of liquidity has been shifting from privacy-centered coins.
What is the lowest price of XMR?
The lowest price of XMR was $0.213 in January 2015.
Who is the founder of XMR?
Several core developers are working on the Monero and XMR projects but most of them are anonymous.
Which year was XMR launched?
XMR was launched in 2014 as a fork from Bytecoin.
How do I store XMR?
You can store XMR in different wallets. Examples of these include Trust Wallet, Math Wallet, GUI Wallet, and Safepal. However, hardware wallets like Ledger and Trezor also support the storage of XM
What will be the price of XMR in 2024?
The price of XMR could be worth 230.32 in 2024.
What will be the price of XMR in 2025?
The price of XMR could be valued at $275 in 2025.
What will be the price of XMR in 2026?
XMR’s price might decrease to $202 in 2026.
What will be the price of XMR in 2027?
The price of XMR could be worth $318 in 2027.
What will be the price of XMR in 2028?
XMR’s price is expected to hit $570 in 2028.
What will be the price of XMR in 2029?
In 2029, XMR’s price might decrease to $389.
What will be the price of XMR in 2030?
The price of XMR could be $595 in 2030.
What will be the price of XMR in 2040?
The price of XMR could reach $720 in 2040.
What will be the price of XMR in 2050?
XMR’s price could be $938 in 2050.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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