Recent developments in the cryptocurrency world have also hit XMR, one of the leading altcoins. XMR has gained 0.1 percent in the last 24 hours, according to data from CoinGecko.
Although XMR is currently trading at $ 145, it made its ATH at $ 520 in 2021.
Monero (XMR) Long Term Price Predictions
Most current cryptocurrencies, including Bitcoin and Ethereum, have transparent blockchains, meaning transactions can be publicly verified and tracked by anyone in the world. Moreover, for these transactions, the sender and receiver addresses have the potential to be linked to a person’s real-world identity. Monero uses cryptography to protect sender and recipient addresses as well as sent amounts.
XMR price prediction is based on expert opinions, technical analysis and previous movements.
If we look at the instant view of XMR, we can see that it has gone through a long period of decline and then continues in a sideways course. XMR has currently received a reaction from the $143 support and is in an upward trend from that region. The first rise on the XMR side can also take us to the $153 band.
Given the current outlook, it doesn’t make much sense for analysts and experts to make high valuations for XMR at the end of the year. The inflationary situation in the world and the interest rate hikes by countries have a negative impact on the price of XMR.
The estimated maximum value for XMR by the end of 2022 is $ 158.2, while the minimum value is estimated at $ 140.6. In 2023, this situation is 226 dollars, while the maximum is 256 dollars. When we look at 2024, we see a price forecast ranging from $329 to $384. When we look at when XMR reaches its ATH, the estimates point to the year 2025. In 2035, the estimated minimum value of XMR is $476, while its maximum value is $581. If we take a look at 2031, the last year of the analysis, we see that the highest value of XMR is in the band of $ 5,497.
Of course, it is also useful to note that these analyzes and estimates are made only by considering the current outlook. Of course, it is difficult to predict what will happen about crypto money and Blockchain in the future. These analyzes are based on opinions and past movements of cryptocurrencies to shed light on the current outlook.