Monero Price Prediction 2023. Should I buy XMR?

How much Monero will be worth in 2023? To find out, dive into our complete XMR price prediction for year 2023 and beyond! XMR price, technical indicators, and exchanges.

This year has been a tough sail for Monero since May 2022, when the Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations. Subsequently, the chain of unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of XMR.

With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for Monero to reclaim its all-time high in 2023? Continue with the article to learn about Monero price analysis and prediction by Coinpaper.

Read also: EU to ban anonymous crypto transfers of over 1,000 euro

What is Monero?

Monero (XMR) is a privacy-focused cryptocurrency that was launched in 2014. It is based on the CryptoNote protocol and uses ring signatures and stealth addresses to provide users with a high level of privacy and anonymity. Unlike Bitcoin and many other cryptocurrencies, which are based on a transparent blockchain, Monero's blockchain is opaque. This means that transactions on the Monero network cannot be traced back to their source or destination. Monero's ring signature technology allows for mixing transactions together so that the source of the transaction is concealed. In addition, Monero's stealth address technology ensures that the recipient's address is kept private.

Monero (XMR) price

Currently, Monero Price is USD. XMR has a circulating supply of coins and a total supply of . If you are looking to buy or sell Monero, Binance is currently the most active exchange.

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Monero price prediction 2023

The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount. At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.

According to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.

Another market factor that should be taken into consideration is how successful will be the U.S. Federal Reserve’s efforts to curb inflation. For now, there is reason to believe that Fed is making some progress in its attempts to cool the overheating economy — on November 30, Federal Reserve Chair Jerome Powell announced it’s time to slow the pace of coming rate hikes, which immediately triggered a positive reaction from both crypto and equity markets.

Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish Monero 2023 price predictions due to multiple unknown factors. For this reason, we estimate that the bullish scenario will see Monero price at $169 to $183. On the flip side, a fading interest in the new meme coin may push the price of Monero to $109-$86 lows.

Monero price prediction 2024

In 2024, the global macroeconomic backdrop is likely to be more favorable to the crypto market, adding value to Monero (XMR) and other cryptos. However, the possibility of black swan events similar to the collapse of FTX cannot be completely ignored.

Keeping this in mind, we foresee the price of Monero to climb as high as $206, with the more distant prospect of reaching $253 in 2024. The bearish scenario is likely to see Monero (XMR) trading between $181 and $153 in 2024.

Monero price prediction 2025

Since it’s practically impossible to foresee what market factors will influence cryptocurrency prices in 2025, this part of our Monero (XMR) price analysis and prediction is based on pure speculation and observation of Monero historical price movements.

Our Monero 2025 price forecast expects XMR to rally towards $302 and reach $376 by the end of the year. The bearish scenario would see Monero at $267 to $231.

Monero (XMR) price prediction 2026

Looking ahead four years, to 2026, Coinpaper's price prediction for Monero is neutral. In 2026, we expect Monero to reach at least $412 before climbing higher to $487. In case of a bearish scenario, Monero may fall to $364.

Is Monero (XMR) a good investment?

Overall, Monero's emphasis on privacy and its resistance to ASIC mining make it a unique cryptocurrency with a distinct value proposition compared to other cryptocurrencies in the market. And given the recent regulatory crackdown on crypto and threats to privacy coming from CBDCs, Monero appears to be a reasonable investment. However, when it comes to investing in crypto, it’s important to take your time to do due diligence before putting your money into any asset, no matter how promising it may look.

Bottom line

Are you ready to invest in Monero? Very few if any analysts forecast its value going down to zero, although you can’t be sure these days, so make sure you always do your own research before making investment decisions. And keep in mind that cryptocurrency prices can be extremely volatile, so trading crypto always involves a high degree of risk.

You can buy XMR from many crypto exchanges, including Binance

Disclaimer: Coinpaper does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own research and consult your financial advisor before investing in any digital asset.


Who created Monero?

Monero was created by an anonymous individual or group of individuals using the pseudonym "Nicolas van Saberhagen." The true identity of the creator(s) of Monero remains unknown to this day.

What was the all-time high for Monero (XMR) ?

The all-time high price of Monero is $ on 2018-01-09