Monero Price Prediction 2024 – 2026: is it worth investing in XMR?

Marcin Woźniak, 3 min read
Last Updated: 12 January, 2023

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What crypto price predictions for Monero are available for the coming years 2023-2026? Many people wonder whether a long-term investment is feasible and how long it will take to get a good return. Will Monero (XMR) reach its previous peak, or perhaps exceed it?

Monero (XMR): The Basics

To understand Monero’s predictions and get the full picture, it is important to review the details and basics of this cryptocurrency. Monero’s origins date back to 2014. It was created from a fork of Bytecoin and was initially called Bitmonero and later Monero. The platform is open source and is run by 7 developers. 5 of them prefer to remain anonymous.

The other two are David Latapy and Riccardo Spani. Monero aims to create the most anonymous cryptocurrency in the world. The blockchain has mechanisms and features that allow transaction amounts, the sender and the receiver to be completely hidden from outsiders. Therefore, attempting to track transactions on the blockchain is almost impossible. The main features of Monero are:

  • Fully decentralised
  • Resistant to ASICs
  • Dynamic scalability
  • Anonymous transactions through ring signatures, hidden addresses and confidential ring transactions

Monero predictions: key factors

There are many factors to consider when evaluating cryptocurrency price movements.

Positive factors for XMR price

The following points suggest that Monero could increase in value or at least remain stable in the long term: Monero is one of the oldest cryptocurrencies on the market and has always been in the top 20 in terms of market capitalisation. There is therefore some evidence that Monero will continue to occupy its position in the upper tiers. Over the years, Monero has made a name for itself and established itself on the cryptocurrency scene.

Monero’s platform is one of the most active in the industry and has a high level of user activity. While most blockchains are based on transparency and public transactions, Monero stands out from the crowd. Together with Litecoin, Monero is one of the most popular cryptocurrencies among users on the Dark Web. But they are not the only ones who want anonymous transactions. The demand for them will grow as blockchains, like Bitcoin, become more transparent.

In October 2018. Monero hard-forked and added a security protocol that further supports the platform’s scalability and anonymity. Monero’s research lab is working on improvements and is not solely focused on scalability issues. The development team is examining payment channels and the Atom inter-blockchain exchange, among others.

Negative predictors of XMR

Some of the elements that make Monero so strong may also have a negative impact on the price of Monero: governments are very critical of this type of anonymity, because it can be used for criminal activities and no one will ever know. It is therefore very likely that cryptocurrency projects like Monero, which allow anonymous transactions, will be banned in many countries.

The user base would suffer, as would the trading volume. As demand for Monero will decrease, its price will fall. Here are the expected cryptocurrencies besides Monero that are worth keeping an eye on. For a long time after its inception, Monero hardly increased in value. While the cryptocurrency spontaneously made two big jumps in 2017, early 2018. XMR reached an all-time high of around $418. That was four years ago and Monero has never come close to that value since. It is uncertain whether a similar rally can be repeated.

Monero forecast for 2021-2026:

Based on the above arguments, below are Monero’s forecasts for the coming years from some forecasting services:

  • Digitalcoinprice.com: the general trend of Monero is very similar to this. December 2020. Monero closes at USD 123.77. This forecasting site provides a particularly long-term forecast for Monero. It predicts that by 2026, the market value of 1 XMR will be around USD 416. If you want to start trading or buying Monero or other cryptocurrencies, you are in the right place in our review of the best bitcoin exchanges.

Libertex and Binance are our favourite places to trade XMR.

  • Longforecast.com: XMR will lose value in 2020, closing at around $65 by the end of the year. However, barring some minor fluctuations throughout the year, the cryptocurrency will rise significantly by the end of 2021. In December 2021, they expect a price of USD 143.7. The upward trend will continue. The forecast for June 2023 is about USD 370 per 1 XMR.
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Marcin Woźniak

In 2018, Marcin first encountered blockchain technology and Bitcoin, which instantly captivated his interest. He possesses a profound passion for technological innovation and the ongoing digitalization of the financial sector. Marcin eagerly anticipates the transformative potential of blockchain on a global scale and is enthusiastic about contributing to this revolutionary movement.

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