Monero Price prediction 2021 & 2025

When it comes to cryptocurrencies, people still think that it is not safe. The second thing that comes to mind is that how to manage it, where to use it, etc. And this question doesn’t arise in the case of normal currency. Because it is a centralized currency and regulated. But people don’t understand the point that just because it is regulated that doesn’t mean that it is safe either. There are many demerits of fiat currency that people were ignoring. But in the year 2020, the covid-19 pandemic has made people realize that the fiat currency is not that safe what we expected. With the rising inflation rate worldwide the purchasing power of the currency is decreasing and above all the global recession.

These factors have made people think about other options as well. Then the merits of cryptocurrency have come to the forefront. Among cryptocurrencies also there are many issues that were faced by the users in many cryptocurrencies. Bitcoin and ethereum is the most popular cryptocurrency but they also have many issues that bother its users. Then comes the cryptocurrency Monero that has proved to be the best answer to all the problems of these cryptocurrencies.

This article will focus on this cryptocurrency only.
Let’s start with the basics of Monero.

 Introduction

As today’s market is a digital market, so there is a demand for digital currency as well. You do not have to carry fiat currency and be worried about its safety. Now you can do payments with just a few clicks from anywhere in the world. Monero is a payment platform where you can do transactions safely and at a high speed. Their motto is “Think of Cash! Think of Monero”

Their main objective is to provide private and censorship restraint transactions. Where other cryptocurrencies like bitcoin and ethereum work on an open-forum where every transaction can easily be hacked and there is no privacy. Monero works on cryptography that gives it a shelter that ensures every transaction is done without causing any harm to its privacy.

Also Read : Digibyte price prediction

Monero – Benefits

• The main advantage of this cryptocurrency is that it keeps the users’ transactions private and safe.
• It has a dynamic block size, an ASIC-resistant proof of work (RandomX), and a Tail Emission.
• It provides a lightning speed safe transaction with a nominal charge.
• Monero’s transactions cannot be tainted from previous transactions. That automatically reduces the chances of censorship.
• Monero is known as digital cash as it is a great combination of both ready availabilities as well as privacy.
• It has a very strong core team of 500 people including 30 developers who are responsible for all the innovations.
• Monero enables its users to control their own cryptocurrency without any intervention from any third party.
• It has no-baggage of pre-set limits like other cryptocurrencies.
• Monero can trap fraudulent or spurious transactions by peers wherein a confirmed block is capable of tracing the preceding block.
• It ensures the development of the entire community with progress in the blockchain space.

These were some of the main benefits of Monero.

Monero – Future

These above-mentioned benefits or characteristics make Monero different and better than its competitors. Monero has a great and strong core team that is determined to make it a success beyond boundaries with innovation in technology. It is also actively involved in changing the legislation and compliance into innovative commercial standards that challenge the current ecosystem. The core team of Monero realizes the full potential of blockchain can be used only when the fundamental framework is right in place to make this revolutionary technology a truth.

Monero Historical price movements

Monero first was launched in the year 2012, since then it has seen a lot of ups and downs. Till the year 2018, it was just trading almost flat no bull or bear run. In that year it has seen a major bull run when its price has touched $495 but that didn’t last long and its price fell to $90 by the end of the year. Interestingly the pandemic had lost no effect on this cryptocurrency, in the year 2020, it has touched the price level of $100.

 Future price prediction

The charts of this cryptocurrency show an amazing potential because it has always recovered from its losses. Today it was trading at $238.46 that is 2.99% up. The experts believe that the price of Monero will reach a level of $1300 by the end of 2025.

• Monero Price prediction 2021

The year has started with a new bull run for the cryptocurrency, it has already crossed the levels of $200 and inching closer to $250. We can even expect the levels of $300 by the end of the year.

• Monero Price prediction 2022

The bull run of this year is likely to continue this year as well. We can expect the levels of $500 on the upper side and $350 on the downside.

• Monero Price prediction 2023

This year the price of Monero can break the level of $900 on the upper side and on the downside, we can see $600.

• Monero Price prediction 2025

As I said earlier the price of this cryptocurrency will reach the levels of $1300 by end of the year 2025.

Monero has a very bright future ahead with its unique features and team that works on innovation. With the growing popularity of the cryptocurrency market, you can expect that this cryptocurrency as well will give great returns in the future.

Note – All these price predictions are based on our personal analysis that can be wrong or different from others. We do not guarantee any price movements and also don’t promote any investment tips. You should always invest at your own risk.
We are not responsible for any kind of profit or loss.