Monero Price Prediction 2022-2026-Will the Price of XMR Hit $312.61 by the end of 2022?
What is Monero (XMR)?
The main factors that make Monero (XMR) good are privacy and decentralized cryptocurrency that keeps your finances confidential and secure.
Monero is a currency and can be exchanged for goods, services, and other currencies, privately and with very low fees.
Monero is the only cryptocurrency where every user is anonymous by default. The sender, receiver, and amount of every single transaction are hidden through the use of three important technologies: Stealth Addresses, Ring Signatures, and RingCT.
Now, we shall consider the price analysis of Monero (XMR) for the coming years.
Flashback: Fundamental Analysis of Monero (XMR).
Monero Community is creating a platform called Monerun which ensures that Monero (XMR) holders have the power to detect how transactions on the coin are done on centralized exchanges. This is in anticipation of the 8th anniversary of the launch of the privacy coin. Once this is achieved, Binance, Huobi Global, and Poloniex will have their aggregator data excluded from CoinGecko. This is because the community will withdraw all their XMR from those exchanges. This is to ensure the transparency of trades on XMR. This could surge the price of Monero soon.
We shall now consider what charts are showing about the price analysis of Monero (XMR).
https://www.tradingview.com/x/pA7wWMtC/
From the 1day chart above showing the Ema Ribbon indicator for XMR/USDT, we can deduce that the price of Monero (XMR) might rise soon. This is because the Ema ribbon moving averages are all below the recently formed candlesticks.
https://www.tradingview.com/x/xRwJGsnq/
The chart above shows the balance of power indicator which is used to determine if a market is controlled by either the buyers or sellers. From the chart for XMR/USDT, we can see that its BOP value is 0.43. Since it is above 0, it means that the bears are having their way and that the price of Monero might increase soon since it also has a positive divergence.
Now, we shall look at the price prediction of Monero (XMR) for the coming years.
Price Prediction of Monero (XMR) in 2022
The price of Monero (XMR) is expected to gain at least 5% by the end of June 2022 from its present price from its technical analysis. This means that it will be trading at around $250.08 by the end of the first half. Its price is expected to rise by at least 25% in the second quarter. This means that Monero (XMR) would trade at least $312.61 by the end of December 2022.
Price Prediction of Monero (XMR) in 2023
The price of Monero (XMR) is expected to gain at least 12% by the end of June 2023 from its present price from its technical analysis. This means that it will be trading at around $350.12 by the end of the first half. Its price is expected to rise by at least 6% in the second quarter. This means that Monero (XMR) would trade at least $371.13 by the end of December 2023.
Price Prediction of Monero (XMR) in 2024
The price of Monero (XMR) is expected to gain at least 15% by the end of June 2024 from its present price from its technical analysis. This means that it will be trading at around $426.80 by the end of the first half. Its price is expected to rise by at least 18% in the second quarter. This means that Monero (XMR) would trade at least $503.62 by the end of December 2024.
Price Prediction of Monero (XMR) in 2025
The price of Monero (XMR) is expected to gain at least 4% by the end of June 2025 from its present price from its technical analysis. This means that it will be trading at around $523.77 by the end of the first half. Its price is expected to rise by at least 3% in the second quarter. This means that Monero (XMR) would trade at least $539.48 by the end of December 2025.
Price Prediction of Monero (XMR) in 2026
The price of Monero (XMR) is expected to gain at least 12% by the end of June 2026 from its present price from its technical analysis. This means that it will be trading at around $604.22 by the end of the first half. Its price is expected to rise by at least 20% in the second quarter. This means that Monero (XMR) would trade at least $725 by the end of December 2026.
Now we shall consider different media platforms to see what their forecast is on Monero's (XMR) price.
Market Sentiments on Monero (XMR) Price Prediction
PricePrediction
According to PricePrediction, the coin’s average price could reach $300.34 by the end of 2022 and surge to $5397.81 by 2030 which represents a 1697% increase.
DigitalCoin
According to DigitalCoin’s Monero (XMR) price prediction, the average price could reach $313.8 in 2022 and by over 147.06% by 2028 to trade at $775.
Wallet Investor
According to Wallet Investor price prediction, the average price of XMR in 2023 could be $321.2, surge by 100.04% in five years to trade at $643.7 in 2028.
Our Monero (XMR) Price Prediction
The price of Monero (XMR) will trade at least $312.61 by the end of 2022 and then increase by over 131.9% in four years' time to trade at $725 by the end of 2026.
Conclusion
Monero (XMR) long-term investors will enjoy good returns. This is due to the positive outlook of the fundamental analysis, price predictions, and market sentiments.