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Monero (XMR) Price Prediction 2022-2030

Jun 29, 2022

What Is Monero (XMR)?

Monero (XMR) is a proof-of-work (PoW) cryptocurrency mainly used for transactions.

Although XMR shares the same use case of many other cryptocurrencies – like Bitcoin – it has some unique features.

Launched in 2014, we have no secure information about the founders of Monero: due to its characteristics, many think that Satoshi Nakamoto could be involved in the development of this crypto. Actually, Monero tries to solve some of the privacy-related issues not addressed by the first digital asset: even if Bitcoin is built on a decentralized network that favors anonymity more than traditional transactions, Monero developed a system that allows full anonymity – since senders and receivers are totally obscured.

Even if this characteristic is the main argument of those who consider cryptocurrencies as the vehicles for illicit financial activity, it’s also true that this crypto respects the core principles behind cryptos and favors financial inclusion precisely because it adheres to privacy protection.

Our Monero price predictions want to address the questions of all those investors who wonder whether Monero has a future in the modern economy.

Monero (XMR) Price Prediction for 2022, 2023, 2024, 2025, 2027, 2030

The following price prediction is the result of a historical analysis of the price of Monero. As you’ll see in detail later, there are some recurrent patterns we can recognize while analyzing data. First off, it’s important to consider that the price of Monero is quite volatile.

During the past years, Monero has completed its price cycles – uptrend and downtrend – in around 2 years. Fibonacci extension levels are commonly over 260%, while retracements are commonly found between 80% and 100% levels. Nevertheless, the price is constantly growing over time, and we can also observe that short rises of even +300% occur during accumulation phases.

Our Monero crypto price prediction will be mainly based on these data.

Monero price prediction 2022

In 2022 we’re still observing the effects of the last downtrend. If the accumulation phase will last about 1 year, as happened in the past, the price should stay in a range between $120 and $180. So, an investor that buys Monero now could have returns of around 53%.

Monero price prediction 2023

As mentioned, the accumulation phase should end in 2023, and as we observed in our historical analysis the price of Monero could have a short rise that could even lead the price up to $300. An investment at the current price of around $117 (June 14, 2022) could have a ROI of around 156%.

Monero price prediction 2024

Considering the time employed by Monero in the past to reach its positive peak, and the Fibonacci extension level it hit in the past, by the end of 2024 could reach around $434, with an approximate ROI of 271%.

Monero price prediction 2025

In 2025, XMR should experience a natural downturn. In the past, Monero experienced downturns that made it reach almost 100% Fibonacci retracement. But its price tends to increase over time. The high volatility of the crypto could make it reach a price of around $200: an investment made at the current price of the coin could produce a ROI of around 71%.

Monero price prediction 2027

By 2027, the coin should end a new accumulation period. Considering its short-term peaks, during 2027 Monero could even reach over $800 – with an approximate ROI of over 580%.

Monero price prediction 2030

By the end of 2030, XMR should experience a new positive peak. We’re optimistic about the results the coin can achieve in 2030 in terms of price, and a prediction based on historical data can make us think that XMR will reach around $3200 – with a ROI of 2635%.

Year	Price Prediction	ROI of your investment
2022	$120 – $180	53%
2023	$300	156%
2024	$434	271%
2025	$200	71%
2027	$800	580%
2030	$3200	2635%

Monero (XMR) Price Analysis for the Past Several Years

To better understand what are the elements on which we built our XMR price predictions it’s important to analyze the past behavior of the price of this crypto.

If we make a price analysis of Monero we can recognize some recurrent patterns that help us formulate price predictions.

To collect the largest amount of data available, we will use Monero price changes on Poloniex, a popular exchange that often lists cryptocurrencies in their early stages.

Let’s start our journey from 2015: during this year, the price of Monero experienced a sideways movement that lasted for several months – until August 2016.

Maybe due to the controversial case of AlphaBay, a darknet market that started accepting Monero as a payment method, the price of XMR started rising – and this rise was confirmed by volume.

Source: TradingView

From August 2016, Monero’s price followed an impressive uptrend that led XMR to reach a price of over $517. The trend lasted for 16 months, and the peak was reached in December 2017. In terms of Fibonacci extensions, the price exceeded the +261.8% level.

Source: TradingView

From the end of 2017, the price of the cryptocurrency incurred a natural downturn: the downtrend lasted until December 2018, almost 1 year. It led the price to around $36 – almost a 100% retracement.

Right after the end of the downtrend, Monero ran into an accumulation phase that lasted for 15 months.

We can see the first sign of recovery in March 2020: after a little rise that led the price to around $130, XMR got back to the $30 zone. But in 2020 a peak in buying volume confirmed the beginning of a new uptrend.

Source: TradingView

The new uptrend lasted for 14 months: the peak was reached in May 2021 – at over $500. Then, a new downtrend started, and its effects are still visible today.

Source: TradingView

So, we can find a couple of patterns that tend to repeat:

A price cycle lasts around 2 years;
Price tends to follow 261.8% Fibonacci extension and from 85% to 100% retracements, but prices tend to increase over time.

Date	Price	Why the price dropped/rose to this level
2016	$2.18	Price starts rising maybe due to the AlphaBay case
2017	$517	The rising interest in the crypto started an uptrend
2018	$36	Natural downturn
2020	$30	Little rise, then end of the accumulation phase
2021	$500	End of a new uptrend

Q&A

Is Monero a good investment?

Investments should be analyzed according to each investor’s needs and goals, but we can assess that Monero is considered a good and reliable investment by many crypto users.

What will be Monero’s price in 10 years?

According to our predictions, the price of Monero could even reach over $3000.

Should you buy Monero now?

At the time of writing – June 14, 2022 – Monero’s price is far lower than the peak reached in May 2021, so many investors could find this the right time to buy.

Is Monero the same as Bitcoin?

Even if Monero and Bitcoin have many points in common – like the proof-of-work consensus mechanism and the focus on peer-to-peer transactions, they’re two different cryptocurrencies.

Who are the founders of Monero?

We don’t know who the founders of the project are, since they decided not to reveal their identities. But some crypto users think that one of the developers behind it could be Satoshi Nakamoto.

When was Monero launched?

Monero (XMR) was launched in 2014.

Conclusion

Monero is without doubt a valuable and reliable crypto project. With our Monero price predictions, we wanted to find out whether the crypto will increase its price over time.

From our analysis it looks like Monero is here to stay, and that its price changes will increase the value of this cryptocurrency in the next few years. But there’s one thing you should consider: always do your own research – or DYOR – before investing your money in any market.

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