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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3111 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('As major cryptocurrencies like Bitcoin and Ethereum are continually growing in popularity, other minor altcoins follow their suite. Being enlisted in the top 20 world cryptocurrencies, <a href="https://u.today/monero">Monero</a> is now considered to be a good investment. But what makes it so attractive for traders and investors? It’s time to reveal key advantages of this coin and read Monero price prediction for the short and long terms.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    
    
    Let’s start with the explanation of Monero’s origin and nature.
    
    What is Monero?
    
    In July 2012, the world witnessed the implementation of CryptoNote application layer protocol that was designed to work with different decentralized currencies. Although it is similar to the application layer used for Bitcoin, there are some principal differences, as well. Initially, Bytecoin was the first implementation of <a rel="nofollow" target="_blank" href="#">CryptoNote</a> layer, but since about 80 percent of coins have already been published, it was decided to make a fork for a new chain and new coins. This chain was called ‘Bitmonero,’ and eventually turned into ‘Monero.’ In this chain, a new block is mined and added every two minutes.
    
    
    
    Advantages of Monero
    
    The fundamental principles of this cryptocurrency are total privacy and transparency. When creating Monero, the team was striving to make a fully decentralized and private electronic currency. Therefore, Monero has five important merits:
    
    <ol>
    	<li dir="ltr">
    	100% privacy. Only you can manage your XMR coins and see the details of transactions.
    	</li>
    	<li dir="ltr">
    	Great fungibility, which means the <a rel="nofollow" target="_blank" href="https://changelly.com/?ref_id=9solqvkkd65r550w">asset can be easily exchanged</a> for goods or other assets.
    	</li>
    	<li dir="ltr">
    	Dynamic scalability. While Bitcoin has imposed a one Mb block size limit on users, Monero has no pre-set size limits but reduced the amount of reward depending on the block size. Blocks lighter than 60 Kb are free from reward penalties.
    	</li>
    	<li dir="ltr">
    	Resistance to ASIC (Application Specific Integrated Circuit).
    	</li>
    	<li dir="ltr">
    	It uses multiple private and public keys for a <a href="https://u.today/crypto-attacks-rise-monero-prime-target">higher security level</a>.
    	</li>
    </ol>
    
    Monero vs other currencies
    
    <a rel="nofollow" target="_blank" href="#/monero/what-is-monero-xmr">card</a>
    Before we proceed to Monero prediction, let’s underline the basic differences between XMR and other coins:
    
    
    	
    		
    		
    		
    	
    	
    		
    			
    			<strong>Monero</strong>
    			
    			
    			<strong>Bitcoin</strong>
    			
    			
    			<strong>Ethereum</strong>
    			
    		
    		
    			
    			Total supply– 18.4 mln XMR + 0.3 XMR/minute
    			
    			
    			21 mln BTC
    			
    			
    			72 mln ETH
    			
    		
    		
    			
    			Proof-of-work protocol
    			
    			
    			Proof-of-work protocol
    			
    			
    			Proof-of-work protocol (will be changed to proof-of-stake)
    			
    		
    		
    			
    			CryptoNote algorithm
    			
    			
    			SHA-256 algorithm
    			
    			
    			Ethash algorithm
    			
    		
    		
    			
    			Block time– 120 seconds
    			
    			
    			Block time– 10 minutes
    			
    			
    			Block time– 15-45 seconds
    			
    		
    	
    
    
    Monero price prediction 2017
    
    Just like it happened with many other top 20 cryptocurrencies, Monero caught the wave of popularity and Monero crypto prediction was not justified– it was outperformed. At the beginning of 2017, the currency was worth $15 and started growing in Spring 2017. People thought it would reach $35-40 by Autumn, and gain maximum $100 by the end of the year.
    
    Surprisingly, XMR crawled to $41 in July 2017 and soared in price by December. It reached the maximum price of $431 on Dec. 12, 2017, and fells as quickly as it rose during the following month. Therefore, Monero prediction 2017 was not as optimistic as things turned out to be – <a rel="nofollow" target="_blank" href="#">no one could predict the global crypto price</a> explosion.
    
    Monero price prediction 2018
    
    At the beginning of the year, Monero 2018 prediction was more optimistic: investors hoped it to at least stay at the level of $200-300. However, Monero shared its lot with other altcoins and nosedived to $140-150 with eventual price fluctuations in Spring. Another unexpected turn we couldn’t foresee.
    
    What about the second half of the year? Monero prediction 2018 is contradictory. The rumor goes that investors can contribute to artificial deflation to increase momentum and push the price down to around $120 in the following months.
    
    At the same time, if Monero doesn’t become a victim of speculators, the rising demand for it will make XMR price soar to $350-400 by the end of the year. The same Monero 2018 price prediction is provided by some experts.
    
    What about technical analysis? Monero price prediction in 2018 varies from source to source. While longforecast.com predicts it to fall to $107 within the next month, WalletInvestor.com displays it can grow to $300 within a year (which means it can reach about $200 by the end of 2018).
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Monero price prediction 2020
    
    The further, the better: when it comes to long-term forecasts, the vast majority of online predictors agree with one another. Providing information from different sources, WalletInvestor gives us the following numbers:
    
    <ul>
    	<li dir="ltr">
    	Google - $637
    	</li>
    	<li dir="ltr">
    	<a href="https://u.today/paypal-sees-potential-in-bitcoin-as-payment-system-despite-possible-competitor-clash">PayPal</a> - $419
    	</li>
    	<li dir="ltr">
    	Smartphone analysis - $319
    	</li>
    	<li dir="ltr">
    	Internet users - $612
    	</li>
    	<li dir="ltr">
    	Data increase - $279
    	</li>
    </ul>
    
    All that means that Monero coin price prediction may be different, but the vast majority of Internet users stake on its growth. Even longforecast.com displays that XMR can grow from $150 to $30 during 2020.
    
    Monero in 2025 – your chance to compensate investments?
    
    Want to make a <a rel="nofollow" target="_blank" href="https://tradingtracker.net/pUYsvLcC">long-term investment</a>? Think twice before choosing Monero for that. Although websites show appealing prices as $1,500, $6,000, and even higher, you need to take the real value of coin into consideration. Is Monero technologically more advanced than Bitcoin and Ethereum? Yes, but slightly. Although the Internet community is concerned about security and privacy of transactions, Monero isn’t the only platform that offers it– it can be <a href="https://u.today/litecoin-founder-wants-to-rival-monero-and-zcash-by-adding-confidential-transactions">easily outperformed by competitors</a> if the team will not introduce new unique features.
    
    What the forecast depends on?
    
    When it comes to Monero difficulty of prediction is conditioned by the fact that investors’ actions are hard to foresee, and the number of competitors offering some unique and cool features is also growing. Among the benefits that contribute to Monero popularization are the following:
    
    <ul>
    	<li dir="ltr">
    	It ensures unbeatable privacy.
    	</li>
    	<li dir="ltr">
    	Transactions cannot be linked or traced.
    	</li>
    	<li dir="ltr">
    	There’s no block limit, and XMR is dynamically scalable.
    	</li>
    	<li dir="ltr">
    	When all <a rel="nofollow" target="_blank" href="#">XMR is mined</a>, there will be extra coins to incentivize the miners.
    	</li>
    	<li dir="ltr">
    	There’s a strong team behind Monero.
    	</li>
    </ul>
    
    At the same time, some people don’t rush to make too optimistic price prediction for Monero because it doesn’t have enough wallet compatibility yet, not beginner-friendly, and the amount of encryption involved is too huge. Time will show whether Monero can live up to our expectations.
    ') (Line: 1133)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
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    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
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    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
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    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
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    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3114 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('As major cryptocurrencies like Bitcoin and Ethereum are continually growing in popularity, other minor altcoins follow their suite. Being enlisted in the top 20 world cryptocurrencies, <a href="https://u.today/monero">Monero</a> is now considered to be a good investment. But what makes it so attractive for traders and investors? It’s time to reveal key advantages of this coin and read Monero price prediction for the short and long terms.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    
    
    Let’s start with the explanation of Monero’s origin and nature.
    
    What is Monero?
    
    In July 2012, the world witnessed the implementation of CryptoNote application layer protocol that was designed to work with different decentralized currencies. Although it is similar to the application layer used for Bitcoin, there are some principal differences, as well. Initially, Bytecoin was the first implementation of <a rel="nofollow" target="_blank" href="#">CryptoNote</a> layer, but since about 80 percent of coins have already been published, it was decided to make a fork for a new chain and new coins. This chain was called ‘Bitmonero,’ and eventually turned into ‘Monero.’ In this chain, a new block is mined and added every two minutes.
    
    
    
    Advantages of Monero
    
    The fundamental principles of this cryptocurrency are total privacy and transparency. When creating Monero, the team was striving to make a fully decentralized and private electronic currency. Therefore, Monero has five important merits:
    
    <ol>
    	<li dir="ltr">
    	100% privacy. Only you can manage your XMR coins and see the details of transactions.
    	</li>
    	<li dir="ltr">
    	Great fungibility, which means the <a rel="nofollow" target="_blank" href="https://changelly.com/?ref_id=9solqvkkd65r550w">asset can be easily exchanged</a> for goods or other assets.
    	</li>
    	<li dir="ltr">
    	Dynamic scalability. While Bitcoin has imposed a one Mb block size limit on users, Monero has no pre-set size limits but reduced the amount of reward depending on the block size. Blocks lighter than 60 Kb are free from reward penalties.
    	</li>
    	<li dir="ltr">
    	Resistance to ASIC (Application Specific Integrated Circuit).
    	</li>
    	<li dir="ltr">
    	It uses multiple private and public keys for a <a href="https://u.today/crypto-attacks-rise-monero-prime-target">higher security level</a>.
    	</li>
    </ol>
    
    Monero vs other currencies
    
    <a rel="nofollow" target="_blank" href="#/monero/what-is-monero-xmr">card</a>
    Before we proceed to Monero prediction, let’s underline the basic differences between XMR and other coins:
    
    
    	
    		
    		
    		
    	
    	
    		
    			
    			<strong>Monero</strong>
    			
    			
    			<strong>Bitcoin</strong>
    			
    			
    			<strong>Ethereum</strong>
    			
    		
    		
    			
    			Total supply– 18.4 mln XMR + 0.3 XMR/minute
    			
    			
    			21 mln BTC
    			
    			
    			72 mln ETH
    			
    		
    		
    			
    			Proof-of-work protocol
    			
    			
    			Proof-of-work protocol
    			
    			
    			Proof-of-work protocol (will be changed to proof-of-stake)
    			
    		
    		
    			
    			CryptoNote algorithm
    			
    			
    			SHA-256 algorithm
    			
    			
    			Ethash algorithm
    			
    		
    		
    			
    			Block time– 120 seconds
    			
    			
    			Block time– 10 minutes
    			
    			
    			Block time– 15-45 seconds
    			
    		
    	
    
    
    Monero price prediction 2017
    
    Just like it happened with many other top 20 cryptocurrencies, Monero caught the wave of popularity and Monero crypto prediction was not justified– it was outperformed. At the beginning of 2017, the currency was worth $15 and started growing in Spring 2017. People thought it would reach $35-40 by Autumn, and gain maximum $100 by the end of the year.
    
    Surprisingly, XMR crawled to $41 in July 2017 and soared in price by December. It reached the maximum price of $431 on Dec. 12, 2017, and fells as quickly as it rose during the following month. Therefore, Monero prediction 2017 was not as optimistic as things turned out to be – <a rel="nofollow" target="_blank" href="#">no one could predict the global crypto price</a> explosion.
    
    Monero price prediction 2018
    
    At the beginning of the year, Monero 2018 prediction was more optimistic: investors hoped it to at least stay at the level of $200-300. However, Monero shared its lot with other altcoins and nosedived to $140-150 with eventual price fluctuations in Spring. Another unexpected turn we couldn’t foresee.
    
    What about the second half of the year? Monero prediction 2018 is contradictory. The rumor goes that investors can contribute to artificial deflation to increase momentum and push the price down to around $120 in the following months.
    
    At the same time, if Monero doesn’t become a victim of speculators, the rising demand for it will make XMR price soar to $350-400 by the end of the year. The same Monero 2018 price prediction is provided by some experts.
    
    What about technical analysis? Monero price prediction in 2018 varies from source to source. While longforecast.com predicts it to fall to $107 within the next month, WalletInvestor.com displays it can grow to $300 within a year (which means it can reach about $200 by the end of 2018).
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Monero price prediction 2020
    
    The further, the better: when it comes to long-term forecasts, the vast majority of online predictors agree with one another. Providing information from different sources, WalletInvestor gives us the following numbers:
    
    <ul>
    	<li dir="ltr">
    	Google - $637
    	</li>
    	<li dir="ltr">
    	<a href="https://u.today/paypal-sees-potential-in-bitcoin-as-payment-system-despite-possible-competitor-clash">PayPal</a> - $419
    	</li>
    	<li dir="ltr">
    	Smartphone analysis - $319
    	</li>
    	<li dir="ltr">
    	Internet users - $612
    	</li>
    	<li dir="ltr">
    	Data increase - $279
    	</li>
    </ul>
    
    All that means that Monero coin price prediction may be different, but the vast majority of Internet users stake on its growth. Even longforecast.com displays that XMR can grow from $150 to $30 during 2020.
    
    Monero in 2025 – your chance to compensate investments?
    
    Want to make a <a rel="nofollow" target="_blank" href="https://tradingtracker.net/pUYsvLcC">long-term investment</a>? Think twice before choosing Monero for that. Although websites show appealing prices as $1,500, $6,000, and even higher, you need to take the real value of coin into consideration. Is Monero technologically more advanced than Bitcoin and Ethereum? Yes, but slightly. Although the Internet community is concerned about security and privacy of transactions, Monero isn’t the only platform that offers it– it can be <a href="https://u.today/litecoin-founder-wants-to-rival-monero-and-zcash-by-adding-confidential-transactions">easily outperformed by competitors</a> if the team will not introduce new unique features.
    
    What the forecast depends on?
    
    When it comes to Monero difficulty of prediction is conditioned by the fact that investors’ actions are hard to foresee, and the number of competitors offering some unique and cool features is also growing. Among the benefits that contribute to Monero popularization are the following:
    
    <ul>
    	<li dir="ltr">
    	It ensures unbeatable privacy.
    	</li>
    	<li dir="ltr">
    	Transactions cannot be linked or traced.
    	</li>
    	<li dir="ltr">
    	There’s no block limit, and XMR is dynamically scalable.
    	</li>
    	<li dir="ltr">
    	When all <a rel="nofollow" target="_blank" href="#">XMR is mined</a>, there will be extra coins to incentivize the miners.
    	</li>
    	<li dir="ltr">
    	There’s a strong team behind Monero.
    	</li>
    </ul>
    
    At the same time, some people don’t rush to make too optimistic price prediction for Monero because it doesn’t have enough wallet compatibility yet, not beginner-friendly, and the amount of encryption involved is too huge. Time will show whether Monero can live up to our expectations.
    ') (Line: 1133)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
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Monero Price Analysis 2018-20-25 — How Much Might XMR Cost?

Advertisement
Wed, 18/07/2018 - 10:31
Monero Price Analysis 2018-20-25 — How Much Might XMR Cost?
Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
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As major cryptocurrencies like Bitcoin and Ethereum are continually growing in popularity, other minor altcoins follow their suite. Being enlisted in the top 20 world cryptocurrencies, Monero is now considered to be a good investment. But what makes it so attractive for traders and investors? It’s time to reveal key advantages of this coin and read Monero price prediction for the short and long terms.

Advertisement

Let’s start with the explanation of Monero’s origin and nature.

What is Monero?

In July 2012, the world witnessed the implementation of CryptoNote application layer protocol that was designed to work with different decentralized currencies. Although it is similar to the application layer used for Bitcoin, there are some principal differences, as well. Initially, Bytecoin was the first implementation of CryptoNote layer, but since about 80 percent of coins have already been published, it was decided to make a fork for a new chain and new coins. This chain was called ‘Bitmonero,’ and eventually turned into ‘Monero.’ In this chain, a new block is mined and added every two minutes.

benefits

Advantages of Monero

The fundamental principles of this cryptocurrency are total privacy and transparency. When creating Monero, the team was striving to make a fully decentralized and private electronic currency. Therefore, Monero has five important merits:

  1. 100% privacy. Only you can manage your XMR coins and see the details of transactions.

  2. Great fungibility, which means the asset can be easily exchanged for goods or other assets.

  3. Dynamic scalability. While Bitcoin has imposed a one Mb block size limit on users, Monero has no pre-set size limits but reduced the amount of reward depending on the block size. Blocks lighter than 60 Kb are free from reward penalties.

  4. Resistance to ASIC (Application Specific Integrated Circuit).

  5. It uses multiple private and public keys for a higher security level.

Monero vs other currencies

card
Before we proceed to Monero prediction, let’s underline the basic differences between XMR and other coins:

Monero

Bitcoin

Ethereum

Total supply– 18.4 mln XMR + 0.3 XMR/minute

21 mln BTC

72 mln ETH

Proof-of-work protocol

Proof-of-work protocol

Proof-of-work protocol (will be changed to proof-of-stake)

CryptoNote algorithm

SHA-256 algorithm

Ethash algorithm

Block time– 120 seconds

Block time– 10 minutes

Block time– 15-45 seconds

Monero price prediction 2017

Just like it happened with many other top 20 cryptocurrencies, Monero caught the wave of popularity and Monero crypto prediction was not justified– it was outperformed. At the beginning of 2017, the currency was worth $15 and started growing in Spring 2017. People thought it would reach $35-40 by Autumn, and gain maximum $100 by the end of the year.

Surprisingly, XMR crawled to $41 in July 2017 and soared in price by December. It reached the maximum price of $431 on Dec. 12, 2017, and fells as quickly as it rose during the following month. Therefore, Monero prediction 2017 was not as optimistic as things turned out to be – no one could predict the global crypto price explosion.

Monero price prediction 2018

At the beginning of the year, Monero 2018 prediction was more optimistic: investors hoped it to at least stay at the level of $200-300. However, Monero shared its lot with other altcoins and nosedived to $140-150 with eventual price fluctuations in Spring. Another unexpected turn we couldn’t foresee.

What about the second half of the year? Monero prediction 2018 is contradictory. The rumor goes that investors can contribute to artificial deflation to increase momentum and push the price down to around $120 in the following months.

At the same time, if Monero doesn’t become a victim of speculators, the rising demand for it will make XMR price soar to $350-400 by the end of the year. The same Monero 2018 price prediction is provided by some experts.

What about technical analysis? Monero price prediction in 2018 varies from source to source. While longforecast.com predicts it to fall to $107 within the next month, WalletInvestor.com displays it can grow to $300 within a year (which means it can reach about $200 by the end of 2018).
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Monero price prediction 2020

The further, the better: when it comes to long-term forecasts, the vast majority of online predictors agree with one another. Providing information from different sources, WalletInvestor gives us the following numbers:

  • Google - $637

  • PayPal - $419

  • Smartphone analysis - $319

  • Internet users - $612

  • Data increase - $279

All that means that Monero coin price prediction may be different, but the vast majority of Internet users stake on its growth. Even longforecast.com displays that XMR can grow from $150 to $30 during 2020.

Monero in 2025 – your chance to compensate investments?

Want to make a long-term investment? Think twice before choosing Monero for that. Although websites show appealing prices as $1,500, $6,000, and even higher, you need to take the real value of coin into consideration. Is Monero technologically more advanced than Bitcoin and Ethereum? Yes, but slightly. Although the Internet community is concerned about security and privacy of transactions, Monero isn’t the only platform that offers it– it can be easily outperformed by competitors if the team will not introduce new unique features.

What the forecast depends on?

When it comes to Monero difficulty of prediction is conditioned by the fact that investors’ actions are hard to foresee, and the number of competitors offering some unique and cool features is also growing. Among the benefits that contribute to Monero popularization are the following:

  • It ensures unbeatable privacy.

  • Transactions cannot be linked or traced.

  • There’s no block limit, and XMR is dynamically scalable.

  • When all XMR is mined, there will be extra coins to incentivize the miners.

  • There’s a strong team behind Monero.

At the same time, some people don’t rush to make too optimistic price prediction for Monero because it doesn’t have enough wallet compatibility yet, not beginner-friendly, and the amount of encryption involved is too huge. Time will show whether Monero can live up to our expectations.

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