Monero (XMR) is a cryptocurrency that prioritizes privacy and anonymity more for users. It works on a technology built and named “ring signatures” to hide the identity and the amount of the sender in every transaction. To sign a transaction as a group, the ring signatures allow multiple users to sign, which makes it impossible to detect who started it.
It is also one of the most innovative and globally admired privacy-oriented blockchain projects. It has real-world use for a secure and secret way of making money transactions. Therefore, the value of the XMR coin may rise with a good demand for privacy-focused technology. Also, there could be a greater probability for real-world technology to become one of the most revolutionary technologies.
Overview
Monero Crypto was launched in 2014 and its official website is [www.getmonero.org]. Monero (XMR) reached its highest price ever of $518 on May 7th,2023. Monero commune has allured a lot of interest since, its launch and it is traded on many good and trusted exchanges such as Kraken and Binance. It is also available on KuCoin, OKX, Huobi, WazirX, and Gate.io.
Furthermore, the XMR has a total market cap of $3.132 billion and has a circulating supply of 18.35 Million XMR coins. Also, the 24-hour trading volume is $81.82 million, whereas its CMP is $171.20 with an intraday loss of -1.04%.
Monero Price Prediction For 2023
The Monero price has performed outrageously well in the last couple of months. The price was earlier in a downtrend from Year-to-date and was falling from $188 and reaching a low at $126. From this low level, the price was attempted various times but stayed under the trendline as hurdles were strong. At this point, it was clear that the support zone was strong and reliable, after being tested multiple times before.
After that, the price got enough buyer accumulation in the XMP price and the price jumped over the trendline and displayed a bullish rally. At press time the crypto stayed above all the major EMA’s and showcased strength on the charts.
As per Monero (XMR) price prediction, if the market goes smoothly the maximum price level of the XMR coin might reach $255.14 by the end of 2023. While the average price of the Monero coin is expected to be around $215.41.
Monero Price Prediction 2023 to 2030
Monero Price Prediction For 2024
As per Monero’s (XMR) price prediction for 2024, the maximum price level of the XMRcoin might reach $377 and as compared to the investment made in 2023, the investor would have made 47.89% ROI. The average price of the Monero coin is expected to be around $345.83, and the minimum price is expected to be $290.17 if the market goes smoothly.
Monero Price Prediction For 2025
As per the Monero coin price prediction for 2025, the maximum price level of the XMR might reach is $527.09. As compared to the investment made in 2023, the investor would have made a 106.59% ROI. While the average price of the Monero crypto is expected to be around $487.93, and the minimum price is expected to be $431.06.
Monero Price Prediction For 2026
As per XMR crypto price prediction for 2026, the highest price level of the XMR might reach is $681.15. As compared to the investment made in 2023, the investor would have made 166.97% ROI. While the average price of the Monero is expected to be around $623.55, and the minimum price is expected to be $570.59.
Monero Price Prediction For 2027
According to XMR price prediction for 2027, the maximum price point XMR might reach is $772.26, as compared to the investment made in 2023, the investor would have made 202.68% ROI. While the average price of the Monero coin is expected to be around $741.39, and the minimum price is expected to be $702.83.
Monero Price Prediction For 2028
Based on the XMR price prediction for 2028, the highest price level of the XMR might reach is $861.47. As compared to the investment made in 2023, the investor would have made 237.65% ROI. While the average price of the Monero coin is expected to be around $824.77, and the minimum price is expected to be $790.12.
Monero Price Prediction For 2029
The maximum price level of the XMRcoin might reach is $978.16 and as compared to the investment made in 2023, the investor would have made 283.38% ROI. While the average price of the Monero coin is expected to be around $952.23, and the minimum price is expected to be $903.31, if the market goes smoothly.
Monero Price Prediction For 2030
As per Monero’s (XMR) price prediction for 2030, the maximum price level of the XMRcoin might reach is $1091.87 and as compared to the investment made in 2023, the investor would have made 327.95% ROI. While the average price of the Monero coin is expected to be around $1035.52, and the minimum price is expected to be $993.45, if the market goes smoothly.
Will Monero Reach $1000?
Monero has lots of potential to grow in the future as more people seek to safeguard their financial transactions from bad people who have prying eyes. As per our price prediction from 2023-2030, the XMR coin could achieve the $1000 milestone by the end of 2030, based on its past price performance on the chart and current market trends.
Summary
Our technical analysis suggests that the Monero coin might turn out to be one of the most promising investmisent choices on a longer-term basis. Therefore, we can say that the potential is good in the XMR crypto price and has real-world usage which is the top benefit of Monero.
Technical Levels
Support Levels: $162 and $155
Resistance Levels: $180 and $185
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/11/02/how-will-monero-perform-from-2023-to-2030-can-it-reach-1000/