What can we expect from the future of XMR?

Monero XMR/USD is an open-source, privacy-oriented cryptocurrency that was initially launched in 2014. 

Its blockchain network was specifically developed to be opaque, which makes transaction details, such as the identity of senders and recipients, as well as the amount of each transaction, fully anonymous.

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Monero (XMR) updates as a catalyst for growth

On April 8, 2022, Monero’s official Twitter account shared their Reuvo Weekly Issue 115, where they discussed some of the latest developments and updates that occurred from March 31 to April 7.

Here, we saw MoneroPay, which is a back-end service for receiving, sending, and tracking XMR payments, get updated to v2.0.0.

XMRig v6.17.0 also came out. Here, we also found an announcement about the Bear Arms N’ Bitcoin 2022 conference, which took place from April 9 to April 10 in Miami, alongside the announcement of MoneroKon 2022 tickets becoming available. 

Additionally, El Monero, which is the Spanish XMR podcast, published episode 21 with Martha Bueno.

Alongside all of this, there are also speculations about entities using Monero as a means of bypassing sanctions which could have boosted the appeal of the token among investors. 

The American research group Brookings also warned that Monero could be used as a part of a sanction-evasion scheme. We also covered how Monero’s value might shift after Biden unveiled Benign crypto oversight.

With all of this in mind, let’s go over how the token performed and what its future holds.

Should you buy Monero (XMR)?

On April 11, 2022, Monero (XMR) had a value of $240.54.

In order for us to get an indication as to what this value point means for the overall value of the Monero (XMR) cryptocurrency token, we will be going over its ATH as well as its performance in March.

The all-time high of the Monero (XMR) token was on January 9, 2018, when it reached a value of $542.33. Here we can see that, at its ATH, the token was $301.79 hither in value or by 125%.

However, when we take a look at the performance of the token throughout the previous month, Monero (XMR) had its lowest point on March 7 at $154.95.

The highest point it achieved was on March 29, when it reached a value of $224.38. This gives us an indication that the token increased in value by $69.43 or by 45%.

From March 29 to April 11, the token has showcased an additional increase of $16.16 or by 7%.

With all of this taken into consideration, we can expect the value of Monero (XMR) to increase to $270 by the end of April, making it a solid token to purchase.

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*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.