|Based on||Security Blockchain|
|All-time high||$495.84 USD|
|Exchange Platform||Binance, HitBTC, OKEx, Huobi Global, LATOKEN, CoinE, coinBene, Kraken, Digifinex, Bitrue, HBTC, Kucoin, Exrates, Bitfinex, ZBG, Poloniex, IndoEx, TOKOK, DragonEx, Bittrex.|
|Wallet||Monero Wallet, Ledger, XMR wallet.|
Monero Price Prediction: Monero (XMR) is a highly secure and bulletproof cryptocurrency built on a decentralized, secure, and private network, it was announced in 2014 by Nicolas van Saberhagen with the name Bitmonero, later it renames as Monero. The main purpose of launching this project is to save users or transactions from attackers, as initial days many new attacks were reported, where million worth of coins were stolen by hackers. Monero brings the currency that safely completes every transaction. however, security is the highest priority for this project in which it protects users even from the law.
Since the launch of project monero consistently making huge database and network changes to provide flexibility and efficiency. Monero also used ring signature and RingCT implementation that help to hide transaction details and processes.
Monero uses a proof of work algorithm to enable mining to users, however the network full block rewards to the miners for those who consistently provide security and privacy to the ecosystem. however, instead of going traditional network uses RandomX i.e. ASIC resistant and cpu friendly mining algorithm created by own community. however, the maximum size is not mentioned and every new block will be created in less than 2 minutes.
Monero Price Prediction
|Month & Year||XMR Price Prediction|
Monero Price Analysis
Monero works on a different aspect that differs from Top cryptocurrency in which their first priority is to let investors do shield-protected transactions with the help of cryptography technology. Monero was launched in 2014 which is 6 years after Bitcoin and the launching price was very low i.e. $2.14 USD then after being stable till July 2016 it started hiking and on 7th January 2017, it reaches to all-time highest with $418.57 USD price.
$95 USD is the highest price of the 2020 year till now recorded on March 2020, as Monero is almost hike by double its price since December 2019 from $47 USD to $95 USD in just 2 months, as Monero was not the only cryptocurrency who was shown this growth but almost every cryptocurrency was hiked in the new year and now talking about the 2020 year prediction from April 2020 then it takes few more month to see the straight upward graph..
As looking forward from the recent 1-year Monero can cross the $500 USD mark at the end of 2021. Predicting how much XMR worth in imminent 5 to 10 years is impossible because most of the cryptocurrency may be dropped even from the top 100 list of may get hiked with higher in raking of highest market cap, so still with a current growth rate since 2017 will be considered, as previous period there are very fewer people knows about cryptocurrency, XMR in 2025 may dealing in between $2k to $2.5k USD mark and expected worth of Monero in 2030 may lie in between $5000 to $6000 USD.
So if any investor who purchase at $40 USD and then in the year 2025 they will get 7400% ROI and if they sell n 2030 year it will be around 14000%, we can expect this figure earlier than we predicted because there will be the one breakout year in which all crypto market explode just like we have witnessed in January 2017 and again there will cryptocurrency crash which will keep engaging investor for a consistent time.