Monero is a digital currency system. Their main prerogative is to give users total control over transactions and complete anonymity. On the official website it is said that with Monero users can be sure that their balance and activity are hidden from the third party. Unlike Bitcoin and Ethereum, Monero uses cryptography that is able to hide sender and receiver addresses.
Monero has a lot of followers and we would like to help you go through analytics for XMR price prediction 2020.
The first service we analyzed was TradingBeasts. Here are the most important outtakes (as of 09/07/2020):
Minimum XMR price for 2020: $45.057
Maximum XMR price for 2020: $69.640
Average XMR price for 2020: $54.442
XMR price expected in three months
Minimum Monero price expected: $46.353
Maximum Monero price expected: $68.165
Average Monero price expected: $54.532
Year-end price of Monero for 2020
Minimum XMR price expected: $45.057
Maximum XMR price expected: $66.260
Average XMR expected: $53.008
According to Walletinvestor, we see the following situation with the price of XMR (as of 09/07/2020):
Maximum Monero price 2020: $108.23
Average Monero price 2020: $50.85
Price of Monero expected in three months
Maximum XMR price expected: $99.33
Average XMR price expected: $42.24
Year-end Monero price 2020
Minimum Monero price expected: $7.81
Maximum Monero price expected: $121.43
Average Monero price expected: $63.32
Based on the forecast from DigitalCoinPrice we can see the following Monero price prediction (as of 09/07/2020):
Minimum XMR price for 2020: $73.75
Maximum XMR price for 2020: $139.38
Average XMR price for 2020: $99.21
Average XMR price expected in three months: $78.16
Average year-end XMP price: $77.79
Based on the data from LongForecast we can see this Monero price prediction (as of 09/07/2020):
Minimum Monero price 2020: $58.0
Maximum Monero price 2020: $82.5
Average Monero price 2020: $67.0
Monero price expected in three months
Minimum Monero price: $61.8
Maximum Monero price: $71.2
Average Monero price: $66.5
Year-end Monero price 2020
Minimum Monero price expected: $60,3
Maximum Monero price expected: $77.1
Average Monero price expected: $68.7
Crypto Rating predicts this price of Monero coin (as of 10/07/20):
In six months: $91.78
By January 1, 2021: $114.64
CoinPriceForecast notices that the price of Monero increased by %49 since the beginning of the year. It predicts that the XMR price will go up to $73.50 till the end of 2020.
We can also take a look at some ideas about the price of XMR in the crypto community.
There is a widespread opinion that Monero shows the best privacy and security level. This fact may affect the XMR price, although now this cryptocurrency is a little undervalued. “#Monero is following in #Bitcoin’s footsteps. The tide is turning and those who desire privacy are finally switching to #Monero $XMR. Slowly, then suddenly. (hint: we’re about to enter the suddenly part and will see number go up).”
Nonetheless, the number of crypto enthusiasts using Monero is increasing. We can see some posts urging people to choose the Monero coin. For example, @xmr_to made this post about XMR: “The world (including the merchants you’re paying) should not see your purchase history and entire financials. #Bitcoin transactions are transparent. Anywhere #BTC is accepted, pay with #XMR instead. Pay the world with #Monero via http://XMR.to."
Taking into account all the advantages of Monero coin, people are waiting for the pump in the price of XMR and make price predictions like this one: “#Monero has 5% the number of daily transactions that #BTC does. XMR transactions are a lot cheaper and get confirmed a lot faster, while keeping private the details / identities of all involved, yet XMR’s market cap is 1/135 that of BTC. A massive reckoning pump will come.”
To sum up, we can say that the problem of privacy in crypto is getting more and more urgent. That is why the popularity of XMR is increasing, and some people believe that this fact will influence the Monero price in the future.
Thank you for your attention to this topic. SimpleSwap would like to remind you that this article has informational purposes only and does not provide advice on investment. All investments are your personal responsibility.
Feel free to follow our updates and news on Twitter, Facebook, Reddit and Telegram.
Read what the customers say about SimpleSwap on Trustpilot.
Don’t hesitate to contact us with any questions you may have via
Originally published at https://simpleswap.io on July 10, 2020.