Can Monero Reach $1000? Monero Price Prediction 2023-2030
Latest Monero Price
Before we get into forecasts, let us check the latest news on Monero
Monero Price Performance so far
- Last 1 Month: +7.9%
- Last 12 Months: +5.4%
- Since Launch (2015): +6162.7%
XMR Price Prediction Today, Tomorrow and Week
- XMR Monero Price Prediction in the next 24 hours is between $171 and $175
- XMR Monero Price Prediction this week is between $169 and $179
|1. Market's Wisdom||Bearish|
|1a. Market Data||Partially Bearish|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Partially Bullish|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Higher|
Monero Price Prediction 2023 to 2030
- XMR Monero Price Prediction 2023 is $183
- XMR Monero Price Prediction 2024 is $306
- XMR Monero Price Prediction 2025 is $474
- XMR Monero Price Prediction 2026 is $680
- XMR Monero Price Prediction 2027 is $868
- XMR Monero Price Prediction 2028 is $1170
- XMR Monero Price Prediction 2029 is $1728
- XMR Monero Price Prediction 2030 is $2500
Can Monero reach $1,000?
To reach $1,000, Monero must rise 6x. At 6x Monero’s Market cap would be $18 Billion. If XMR were to rise 25% every year, it would take it 8 years to reach $1000.
Considering all the above factors, Monero appears to have a high probability of reaching $1,000. However, the risk of being banned makes it an extremely risky investment.
Can Monero reach $10000?
To reach 10000 dollars, Monero must rise 60x. At 60x Monero’s Market cap would be $180 Billion. If XMR were to rise 25% every year, it would take it 19 years to reach $10000. Monero operates in a niche category with few competitors.
Considering all the above factors, Monero appears to have a low probability of reaching 10000 dollars. Further, the risk of being banned makes it an extremely risky investment.
Monero Price Prediction: Is Monero a Good Investment?
Monero is a decentralized, open-source cryptocurrency that was created in 2014 by a group of developers who sought to provide users with greater privacy and security than Bitcoin and other digital currencies. Monero uses an innovative protocol called CryptoNote to ensure that transactions cannot be traced or linked back to their origins.
- Monero uses stealth addresses and ring signatures to obscure this information. This means that transactions on the Monero blockchain cannot be easily traced or linked back to their sources, providing users with a high degree of privacy and anonymity.
- Monero is entirely decentralized and operates on a global network of computers and nodes. This means that no single entity has control over the network, making it more resistant to censorship, hacking, and other forms of interference.
- Monero has also gained popularity for its use in the dark web and other online marketplaces. Because it offers a high degree of anonymity and is not easily traceable, Monero has become a popular currency for buying and selling illicit goods and services on these platforms.
- It is used for privacy-sensitive transactions, online gambling and gaming, e-commerce, and cross-border remittances.
- Unlike other categories like DeFi, Payments, and Transfers continue to perform well, Monero has been steady despite an overall fall in the Crypto market
Advantages of Tokens like Monero
- Given its steady value, store of value (in secret)
- Illegal transactions
While operating in a narrow category, XMR has delivered healthy returns over the last 5 years including 2022. The main risk is the token could be banned.
Monero is partnered with Merchants (such as cryptowerk.com and acceptedhere.io) and exchanges (such as Bisq, Local Monero, Hodl Hodl, Kraken, Binance, SimpleSwap, and Morph token).
The sponsors of Monero include Tari Labs, Majestic Bank, Fork Networking, Mac Stadium, Cake Wallet, and Symas.
Monero Reddit Discussion
In a Reddit discussion, users are discussing the new crypto rules in Dubai under which Privacy coins like Monero got banned in the country.
Note that the new rules in the country define privacy coins as a type of asset that prevents tracing transaction records; hence, the regulators have taken steps to prohibit such currencies.
In this discussion, one user wrote that it will still not prevent anyone from trading Monero. Another user commented that it is ridiculous that we still don’t have any reliable DEX to trade Monero even in 2023.
Hence, the above discussion clearly depicts that most of the users favor Monero and want to continue the use of the currency.
Monero Use Cases
Following are the primary use cases of XMR tokens:
- Monero tokens can be used for merchant payments for various categories (including shops, markets, tourism, traveling, and internet services).
- Users can use their XMR tokens to swap with other cryptocurrencies by using P2P exchanges and atomic swaps.
- XMR tokens can be staked to earn rewards.
Where to buy Monero?
Can Monero Make You Rich?
Investing in cryptos is a long-term game. Monero has been the victim of hacking a couple of times. It has been investigated by US authorities regarding the token being used on the dark web more frequently.
XMR however, will not make you rich if you are thinking of a short-term investment. For making a fortune out of XMR investment, an investor needs to have a long-term plan.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Coins. Please consult a registered investment advisor to guide you on your financial decisions.