In this post, we will present our own and market’s opinion on Monero future while discussing XMR price forecast for 2023 and beyond.
Since this year is almost up, Monero price prediction 2022 is way more interesting, so we made sure to include that section as well, just make sure to scroll all the way to the end.
Now, let’s get to it.
Before we delve deep into the Monero price prediction and answer questions if Monero is a good investment or not, why will Monero succeed or fail or while will Monero price rise or drop, let’s quickly do a brief on XMR and its to date history.
Monero Intro
When Monero launched, conversations around Bitcoin’s on-chain privacy features caused a spree of privacy-focused projects to enter the digital asset market.
Originally named Bitmonero, Monero emerged as a privacy-focused cryptocurrency based on CryptoNote, a reference implementation for new altcoins many of which were later exposed as fraudulent projects. Monero’s payment anonymity has garnered significant attention from a panoply of crypto-curious persons.
Monero runs a proof-of-work algorithm called CryptoNight, which is friendly toward CPU and GPU mining. New blocks are added to the chain on average every two minutes.
Mining difficulty adjusts after each new block. Monero’s privacy enhancements come from CryptoNote which masks sender identities via ring signature mixing and offers single-use keys to make transactions untraceable.
Captainaltcoin’s Monero Prediction 2021
Monero Price Prediction
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
XMR Price Prediction For The Next 90 Days
Below is a tabular overview of how will XMR develop in the short-term (for the next 90 days), according to our prediction model:
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Monero Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
XMR Price Prediction 2025
Our prediction model sees XMR reaching $ 585.93 in 2025.
What will XMR be worth in 5 years?
The price of XMR in 5 years could lie around $ 266.33, according to CaptainAltcoin’s prediction model.
Monero Price Prediction 2030 – 2040
What Monero will be worth in 2030?
Our forecasting model sees Monero reaching $1464.84 in 2030.
What Monero will be worth in 2040?
Our forecasting model sees Monero reaching $2929.67 in 2040.
Will Monero replace / surpass / overtake Bitcoin?
No, Monero will not replace or overtake BTC.
Can Monero reach $1000?
Yes, it is possible that Monero can reach $1000 but only in a distanced future, after 2030.
Is Monero worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Monero is worth buying.
Is Monero a good investment?
Monero is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Monero be worth?
For the short-term future, it could reach $81.06. In the long-term (8-10 years), it could jump to $1464.84 or even higher.
Why will Monero succeed and go up in price?
Monero has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Monero rising up to $1464.84 in 2030.
Why will Monero fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Monero go?
Our forecasting model sees Monero price exploding and reaching $2929.67 in a distant future.
What is the short-term prediction for Monero?
Monero will reach $81.06 in the next 90 days, which is a 43% change over the current price which hovers around $142.22.
Can Monero make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Monero millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Monero could make you a millionaire.
Monero Price Prediction Today - What will be the price of Monero tomorrow?
Monero will hover around $145.06 tomorrow.
Monero long-term future
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will XMR be among those 5%?
Very likely.
Monero has stood the test of time. It’s growth over the last few years has been consistent (200-fold growth) and likely to continue in the middle to long term.
From an investment perspective, even if you personally do not require privacy and anonymity in your transactions, it is undeniable that a significant chunk of the world’s market desire it. This makes investing in Monero a fairly obvious decision.
Monero has been gaining wide acceptance in privacy-centric sectors – which also includes controversial platforms such as websites on the darknet. This raises some concerns around Monero’s acceptability in the long term and whether it’ll face regulatory hurdles. But on the other hand, it is also a sign of its prowess as a privacy-centric coin.
With many other mainstream brands also beginning to accept Monero, its future does look bright. Its developers have exhibited solid dedication to the project, with frequent updates and efforts to keep the network thriving and secured.
Read also:
- Kin Price Prediction | KIN Price Forecast
- Lisk Price Prediction | LSK Price Forecast
- Electroneum Price Prediction – Future Forecast for ETN Price
- Elastos Price Prediction – Future Forecast For ELA Price
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- Binance Coin Price Prediction | BNB Price Forecast
- Enjin Price Prediction | ENJ Price Forecast
- Cardano Price Prediction – ADA Price Forecast
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
