Monero: New All-Time High Coming?

Monero has seen significant gains over the past few months, more than doubling in price. However, there is room for growth - at the very least, to its all-time high of $495.84. Where will this privacy-oriented cryptocurrency go next? Find out in this Monero price prediction. We’ll be taking a detailed look at possible movements starting from the second half of 2021 all the way to 2030. And while you’re here, let’s also look at the past performance and factors driving the price.

What Is Monero (XMR)?

Monero (XMR) is an open-source, privacy- and untraceability-oriented cryptocurrency created in 2014. Advocates say that Monero is what Bitcoin noobs think they bought: fungible, digital, sound money. Whether you agree with the statement or not, the project does indeed focus on providing value with no money-hungry underlying cause. Monero’s developers did not even keep any stake for themselves when they launched it. But for transparency's sake, they did bank on contributions and community support to make sure they can roll out upgrades and developments.

Basic Technical Info

Below are the main technical concepts that you need to know about Monero:

• Proof of Work: Monero uses the RandomX algorithm that is optimized for general-purpose CPUs. This way, Monero community members eliminated the use of mining-specific hardware and made mining more accessible for an average person.
• Blocks: It takes around 2 minutes to create a new block. There is no limit to the number of blocks. But there is a policy of dynamic scalability ensured by a block reward penalty and a dynamic block size.
• Emission curve: Monero is divided into two fundamental emissions - the main curve and the tail curve. The latter kicks in after around 18 million coins are mined. The rewards for the tail emission will translate to <1% inflation decreasing over time.
• Main privacy-enhancing technologies: Developers and contributors ensure the privacy promises of the stealth cryptocoin through these technologies - RingCT, Stealth Addresses, Ring Signatures, Transactions over Tor/I2P, and Dandelion++.

Monero vs. Bitcoin

It’s important to clarify how Monero differs from Bitcoin. For a BTC transaction to happen, the sender needs to know the recipient’s public address. This reveals some information to the sender, such as how many coins there are on this wallet. Besides, all transactions are openly available on the public ledger.

Monero uses Random Addresses for anonymous routing. This way, senders don’t need to know the recipient’s account info or see their holdings. The coins are routed through one-time addresses that are created randomly, and no one will be able to tell that a particular sender made a transaction with a particular recipient.

There is an option to allow others to view your account. All it takes is to share their view key. It’s useful for an audit, and what’s even better, the key doesn’t grant withdrawal rights.

Factors That Affect Monero Value

It goes without saying the socio-economic conditions, regulatory changes, and the price of Bitcoin all have an effect. But if we strictly focus on what drives the price of Monero, there are a few other things worth mentioning.

• Bulletproofs+: The existing non-interactive zero-knowledge proof protocol Bulletproofs will be replaced by Bulletproofs+. This will be the basis of a new algorithm protecting Monero users called Triptych. Bulletproofs+ is currently going through its second third-party audit. Why is that necessary? The immediate goal is to mitigate existing vulnerabilities in the code. Once it’s done, Monero transactions will be lighter, faster, and more secure. The new initiative is an improvement from the various forms of ring signatures that make bloated and slow down node synchronization. Obviously, if all works out, Monero has a higher chance of widespread adoption and interest from traditional finance.
• Monero’s ERC20 Token: An Ethereum-based version of Monero called Wrapped Monero (WXMR) was launched earlier this year. The counterpart is minted on a 1:1 basis. It is an ERC20 token that can be traded and utilized on the Ethereum network. What’s more, WXMR makes Monero available within the DeFi sector for the first time, one of the biggest crypto trends of 2020-2021. Experts say it is unlocking a host of exciting possibilities. Overall, this is very good news - WXMR enters the world’s leading smart contract network for trading, lending, staking, yield farming, and other DeFi services.
• Inclusion as a Payment Option: The Monero community strives to enter mainstream spaces. There was even an interesting case when members created a proposal to add XMRas a payment option on the Tesla site and gathered $150,000 as part of it. The proposal followed Elon Musk’s announcement that Tesla Motors had started to accept BTC. Community members expressed their concern that BTC transactions imply the other party knowing the users’ entire wallet balance. Historically, every time crypto gains recognition from major websites, the trading volume and value of the coin go up. If Monero gets added as a payment on other similarly popular platforms, it will certainly be reflected in the Monero prediction.
• Funding and Community: Monero utilizes a community crowdfunding system. All development projects are supported by the community, so the network’s prosperity essentially relies on donations. If Monero acquires positive attention and gathers more advocates, the funding goes up. Subsequently, this creates more opportunities for improvement. Anyone in the community can make new proposals or fund existing ones. Funding is held in escrow and released once milestones are achieved. So, a big driving factor for XMR is how strong the network’s support is.

Monero (XMR): Historical Performance

Let’s not jump into the Monero price prediction just yet. To understand the full context, first, we need to cover the most notable events in the project’s and how they correlated to the price:

• April 2014: Launched on Bitcointalk and renamed from Bitmonero to Monero with the price fluctuating at around $1-$3 at the time.
• September 2014: Recovery from a spam attack - $0.3-$0.4.
• March 2016: Network upgrade - $1.1-$1.6.
• December 2017: Introduction of multi-signatures that resulted quickly skyrocketing prices from $272 to $472 (ATH).
• March 2018: Release of the new Lithium Luna that helped the price to recover from correction - from$ 229 to $349.
• April-December 2018: A gradual but consistent drop from $279 to $39 after the cryptocurrency bubble crash.
• October 2018: Implementation of Bulletproofs to reduce transaction sizes.
• January 2019-June 2019: Upward trend movement from $50 to $116 following a number of upgrade releases.
• February 2020: A small peak of $84 after Getmonero was translated into 19 languages.
• March-December 2020: Surprising but exciting rising movement from around $40 to $165.
• January-April 2021: Frenzied rise from $130 to $350 that we’ll talk about in more detail in the next section.

Monero Price Today

Monero has been trading bullishly since the start of the year with no significant corrections. The period from January 1 to February was relatively uneventful - it changed in price by approximately 10%. Then was a big spike from $152 to $257 in a matter of a few weeks.

February 21-March 28 was another relatively stagnant period but with a slight drop - from $257 down to $224. From late March to mid-April, the price was going up by almost 30%, with no sign of stopping.

By mid-April 2021, Monero manages to get trading volume surpassing $1 billion. This puts the coin in some of the most favorable conditions it has ever been in.

And with all the basics covered, here is the Monero forecast.

Short-Term Monero (XRP) Price Prediction - 2021

The first Monero price prediction for today comes from Gov Capital. As you will see, most forecasts in this article don’t promise huge price surges. At some point, the coin might even go through a correction phase after a rise.

Month	Average Price	Minimum Price	Maximum Price
May 2021	357.143	303.57155	410.71445
June 2021	344.719	293.01115	396.42685
July 2021	338.656	287.8576	389.4544
August 2021	344.204	292.5734	395.8346
September 2021	346.981	294.93385	399.02815
October 2021	348.575	296.28875	400.86125
November 2021	354.984	301.7364	408.2316
December 2021	343.698	292.1433	395.2527

But if we step away from this conservative view on Monero's future, we might see a bigger potential in one exciting development. Since its inception, Monero has struggled to implement atomic swaps, but the atomic swaps between BTC and XMR are said to be released very soon.

Developers might finally resolve the unique problem in the protocol design that stemmed from Monero’s privacy features. As a result, this change will build a bridge between the two blockchains and increase the user base for both.

The beauty of the Monero protocol is that it's still quite new and can be easily optimized. It's also quite flexible in its architecture. Implementation in other wallets or decentralized exchanges will not only be simple but also drive the price up.

Monero Price Prediction for 2022

Continuing with the 2020 Monero price prediction, we can see a very promising picture. While Monero may not reach its ATH mark just yet, there is still a significant improvement. Before we cover the figures, take a look at the chart for a general idea of where the asset might go.

The table below is a shortened version of the Wallet Investor forecast for 2022. Compared to 2021 figures, there is an increase in average price. Throughout the year, XMR might go from $410 in January (and an even lower point in February) up to $450 by December.

Month	Average Price	Minimum Price	Maximum Price
January 2022	411.997	346.247	474.010
February 2022	394.191	331.225	460.888
March 2022	419.831	356.961	484.964
April 2022	404.782	336.130	471.949
May 2022	410.483	339.799	484.030
June 2022	408.365	341.132	474.749
July 2022	408.134	333.183	486.725
August 2022	414.755	339.287	496.077
September 2022	431.058	353.144	511.339
October 2022	431.498	349.943	520.390
November 2022	438.435	353.057	529.509
December 2022	450.298	356.114	542.373

The Monero forecast for 2022 won’t be complete without us mentioning the limited supply. All the entire 18.4 million Monero “starting supply” will be mined by May 2022.

There are already close to 18 million XMR in circulation, and all of them were given to miners as an incentive for supporting the network. But after May 2022, the mining reward will be almost halved to 0.6 XMR per block. From that point on, mining activity will have a fixed reward.

However, if the XMR price stays high or even grows, miners won’t lose their incentive. On the contrary, they might even become more active and indirectly strengthen the security of the network.

Monero Price Forecast for 2023-2025

Long Forecast shared their Monero price prediction for 2023. This time, we’re seeing bigger fluctuations not only over the year but also within certain months. July-August might be one of the most interesting periods, where long-term investors might be tempted to panic-sell.

Month	Open	Low-High	Close	Month,%	Total,%
January 2023	787	618-787	664	-15.6%	170%
February 2023	664	566-664	609	-8.3%	148%
March 2023	609	609-755	706	15.9%	187%
April 2023	706	706-857	801	13.5%	226%
May 2023	801	801-994	929	16.0%	278%
June 2023	929	929-1105	1033	11.2%	320%
July 2022	1033	898-1034	966	-6.5%	293%
August 2023	966	754-966	811	-16.0%	230%
September 2023	811	633-811	681	-16.0%	177%
October 2023	681	578-681	621	-8.8%	152%
November 2023	621	573-659	616	-0.8%	150%
December 2023	616	545-627	586	-4.9%	138%

The 2025 forecast is taken from the conservative Wallet Investor. Unsurprisingly, it doesn’t predict any explosive movements, which can be both a good and a bad thing.

Month	Average Price	Minimum Price	Maximum Price
January 2025	647.441	407.370	900.890
February 2025	630.119	369.580	895.310
March 2025	655.687	398.723	929.656
April 2025	641.109	371.343	918.292
May 2025	644.418	348.703	934.805
June 2025	645.069	346.084	936.310
July 2025	644.302	349.457	945.582
August 2025	649.057	335.758	965.225
September 2025	667.075	355.495	992.842
October 2025	666.840	341.954	997.881
November 2025	674.459	347.881	1018.810
December 2025	686.535	337.876	1034.210

Bear in mind that these are not the highest figures circulating online. The table above is just one example that doesn’t necessarily show off the asset’s full potential. At the same time, it’s not giving traders false hope.

Long-Term Monero Price Prediction - 2030

The graph below pieces together all the predictions we’ve covered so far. It shows Monero’s general direction from 2022 to 2028 and beyond. The final Monero forecast comes from Coin Price Forecast and puts the asset at an impressive $2,000 mark. But remember that looking so far ahead into the future may not give accurate results. The long-term predictions suggest rather than tell.

Year	Mid-Year	Year-End	Tod/End,%
2030	$2,058	$2,151	+504%

Technical Analysis of Monero

The first thing in technical analysis is to look at larger timeframes and gauge the bigger picture. In previous sections, we’ve already analyzed the trajectory that Monero is following.

Then, you should incorporate technical indicators given their quantitative nature. Below are the summary and ratings from the most popular technical indicators - Moving Averages, Oscillators, and Pivots.

Oscillators:

• Relative Strength Index (14) - 82.15 - Neutral
• Stochastic %K (14, 3, 3) - 85.18 - Neutral
• Awesome Oscillator - 112.84 - Neutral
• Momentum (10) - 298.32 - Buy
• MACD Level (12, 26) - 42.45 - Buy

Moving Averages:

• Exponential Moving Average (10) - 190.45 - Buy
• Simple Moving Average (10) - 166.49 - Buy
• Exponential Moving Average (50) - 116.61 - Buy
• Simple Moving Average (50) - 112.55 - Buy

Now, let’s take a final look at the Monero chart. We can tell that Monero is working on its way up to catch up with a previous ATH. The current ascending bull flag and overall uptrend prove that XRP will get higher without difficulties. Plus, we can see that there is a possible cup and handle formation in the future. After that, the price might go off.

Traders and Advisors About Monero’s Future

There aren’t many people being vocal about their Monero price predictions, which is a shame. Our quest has led us to several prominent online figures, and we’re going to share what they think about XMR’s future.

• Crypto Tony, a trader with a large following, is very positive about the coin’s upcoming bullish movement. 
• Justin Ehrenhofer, regulatory compliance analyst at DV Trading, doesn’t give any specific numbers. But he draws a comparison between Monero and its close competitor Zcash. Evidently, Monero is taking the lead in terms of transaction volume.

Monero Trader has very brave expectations about Monero - a whopping $4,000. But he may not be the only one calling for such a huge appreciation.

Is Monero Better for Investing or Trading?

Monero’s circulating supply is smaller than BTC, potentially giving it a better investing perspective. If you also take into account the attractiveness of full anonymity for users, there are very good reasons to look into investing in Monero.

With that said, long-term investments are not sure bets. The market could crash for various reasons, and projects go bust. If that is something that concerns you, there are other ways to take advantage of blockchain technology besides investing directly in cryptocurrencies.

One solid option is to buy crypto CFDs. With CFD trading, you’re not only reliant on the rising trend. You can also trade on volatility with interchanging upward and downward movements. Besides, you use leverage and deposit a small percentage of the trade’s total value.

If you’re not sure about the whole process, try a demo account on Libertex. Crypto trading beginners can gain experience and knowledge, while professionals can test a new strategy or a new market risk-free.

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• access to a demo account free of charge
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FAQ

If you want to go over the main points about the Monero prediction, take note of the following questions.

Is Monero a Good Investment in 2021?

Some say that Monero won’t reach, let alone break above, the $500 mark. But even with the most conservative forecasts, the crypto asset is expected to appreciate, especially when the BTC-XMR atomic swaps come into effect.

Is Monero Worth Buying?

Yes, technical and fundamental analysis, investor sentiment, and upcoming projects give us a reason to believe that Monero will go up. The question is, however, by how much. Please remember that every investment carries a degree of risk.

What Will Monero Be Worth in 2025?

The Monero forecast by Wallet Investor puts Monero around $600-$700 by 2025. There are even more optimistic opinions, projecting it to be way in the thousands.

What Will Monero Be Worth in 2030?

Based on the Monero price prediction provided by Coin Price Forecast, XMR might reach $2,000 by 2030. If you think that the outlook is far-fetched, let us remind you that the asset has recently more than doubled in price in just a few months.

Can Monero Overtake Bitcoin?

Looking at the market capitalization difference alone, there is no way Monero will surpass Bitcoin in the near future. While anything may happen in the crypto world, BTC’s leading position is intact. However, it doesn’t mean Monero won’t make it big.