Monero Price Prediction 2023-2030: Will Monero reach 10000 dollars?

Latest Monero Price

Monero Performance in the last 12 Months

• Last 1 Month: 23% (ZCash: 15.3%)
• Last 3 Months: 26.6% (ZCash: -6.6%)
• Last 12 Months: +3.82% (ZCash: -52.8%)
• Last 4 years: +242.1% (ZCash: -15.6%)

Monero has outperformed leading cryptocurrencies including Ethereum.

Is Monero a Good Investment?

• Monero (XMR) is a privacy-focused cryptocurrency that uses ring signatures and stealth addresses to conceal the identity and amount of XMR being transferred
• 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

There are 655 markets and shops that accept Monero

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.

Will Monero reach 10000 dollars?

To reach 10000 dollars, Monero must rise 60x. At 60x Monero’s Market cap would be $180 Billion. If XMR were to rise 50% every year, it would take it 10 years to reach $10000. Monero operates in a niche category with few competitors.

Considering all the above factors, Monero appears to have a high probability of reaching 10000 dollars. However, the risk of being banned makes it an extremely risky investment.

Monero Price Prediction 2023 to 2030

XMR Price Prediction Today

Monero Partnerships

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 recent 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 to trade 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 favour Monero and want to continue the use of the currency.

Monero Use Cases

Following mentioned are the primary use cases of XMR tokens:

• Monero tokens can be used for merchant payments for various categories (including shops, markets, tourism, travelling 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.

Read about Luna Price Prediction

Where to buy Monero?

• Kraken
• Binance 
• Bitfinex

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.

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Also Read: Render Token Price Prediction and Fetch.ai Price Prediction

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.