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Monero price prediction for 2018

Tags: monero

What will the Monero (XMR) price be … tomorrow … next month … next year ?

Predicting the monero price in 2018 is crystal ball talk. Nevertheless we have come up with a balanced Monero price prediction. It is based on market indicators which we think may be useful to our traders.

Bitcoin and Ethereum was all the rage last year for those “in the know“. However, as the year progressed, crypto-currencies boomed more than anything ever seen before. The market capitalisation of crypto-currencies grew from R19 billion in January 2017 to R795 billion in January 2018. Furthermore it is not just Bitcoin and Ethereum that has caused this exponential growth of over 40000%. Many new crypto-currencies have become part of the success story and Monero is one of them.

Monero is the 11th largest crypto currency, with a market capitalisation of R3.35 billion. The Monero price performed extremely well in 2017 and many investors are wondering whether it will
be repeated in 2018.

Want to know whether it is a good investment?

If you are questioning Monero, you have come to the right place, in this guide I will share the top Monero predictions 2018 and 2020. I will cover the basics of Monero and its price trends, so that you have a good understanding of what this cryptocurrency is capable of.

You should have a good understanding about the future of Monero by the end of the guide, but if you feel like you need more information, there are many blogs out there providing basic breakdowns of all things crypto. In addition to using this information before trading Monero, I will always suggest that you ensure you consult a financial advisor before making any massive investment decisions.

Let’s start by looking at the history of Monero, before we think about the future…

What is Monero?

Monero is a secure, private and untraceable currency system. It is a digital currency built using blockchain technology and like Bitcoin it can be used to send or receive payments *official monero website*.

Monero vs. Bitcoin

Monero (XMR)Bitcoin (BTC|XBT)
Monero was founded in 2014, with a focus to improve on the lack of privacy in Bitcoin.Bitcoin was founded in 2009.
Monero is based on its own proprietary protocol.Everyone can see the public address of your Bitcoin wallet.
Outside users cannot see the names of senders and receiversNo single institution controls the bitcoin network. It is maintained by a group of volunteer coders.
When a Monero transaction takes place, the identity of the sender and receiver remains private.Your public address is your identity.
Monero transactions cannot be linked to each other. Every Monero transaction is private, unlinkable and untraceable, just like physical cash.Everyone can see the public address of your Bitcoin wallet.
Everyone can see all the previous transactions in which a particular Bitcoin was used. So, if a Bitcoin that you hold was used in an illegal trade in the past, someone can refuse to accept it from you.

If someone pays you using a R100 note, do you have any idea of where it has been used before? Or who the past owners of the R100 note were? Of course not! This is what makes Monero different – it offers you privacy.

How Monero has performed historically since its birth?

Monero didn’t see much action for about 2 years. It did however start to gain momentum around the middle of 2016 and towards the beginning of last year. 2017 was the year in which it showed a great performance. Monero which was worth around R150 in January 2017, reached a peak of R6141.50 in January 2018. Like all other crypto-currencies however, Monero’s prices have also declined since January 2018.

The current trading price is around R2635.00

What has led to increases and decreases in the price of Monero?

The first major price rise of Monero happened towards the latter half of 2016 when the price of Monero, which was less than R1 in the beginning of 2016, increased to about R12 in September 2016. This was an increase of almost 2700%. Many people did however believe that this was caused by Monero becoming more popular for illegal trade, due to its privacy.

In August 2016, Alphabay, the darknet market site, started to accept Monero as an alternative to Bitcoin. A whole year later in August 2017, the price of Monero saw another increase even though the price of Bitcoin was decreasing. It is difficult to pinpoint why this price spike happened, however it may have had something to do with an announcement from the Korea-based crypto-currency exchange Bithumb. In August 2017, Bithumb opened the exchange to Monero trading, which increased the accessibility of Monero for investors. More or less 3 months later in December 2017 the price increased again, this time there was news of Monero being accepted by a group of around 45 very well known musicians. Including: Mariah Carey, Backstreet Boys, Sia and Fall Boy.

It is clear that there is a varying amount of factors which can impact the price of Monero.

Predicting the price of Monero is quite difficult, even for experts, because crypto-currencies have been known to perform in unexpected ways. However, what we can do is share with you the price prediction for 2018 as well as 2020 and this might help you decide whether Monero is a good-short term or long-term investment.

Monero Price Prediction

Let’s start by taking a look at what the future of Monero looks like this year.

The Technical Analysis

This uses historical price trends and trading volume trends, to predict the future price for Monero, is done via a software which applies complex mathematical functions to the historical data. performs crypto-currency technical analysis, they gauge the price of Monero to be around R7941.44 in one year. It also predicts a return of almost 184% if you were to buy Monero at R2784.81.

Price Prediction Based on Factors Such as Technology and Market Trends

If you are looking for price predictions on various crypto-currencies,, looks at price predictions based on factors such as the technology, the team and the prevailing market trends. Their current Monero price prediction for 2018 is R4351.00 – R4972.00.

Previously in this post we mentioned the Monero price in January 2018 (R6141.50 ), this price prediction seems to be within that range and a just a bit more realistic than Walletinvestor.

Price Prediction 2018 – Based on its Privacy Feature

There is no doubt that Monero stands out from other crypto-currencies mainly because of the privacy it provides. Many experts believe that this one feature could take Monero to great heights. According to, Monero is going to be in top 3 performing crypto-currencies in 2018, mainly because of the anonymity it provides. It further states that Monero could offer investors up to 10X returns in 2018.

Based on these Monero price predictions, 2018 looks like it could be a good year for Monero. Apart from the fact that it offers privacy, there are several other benefits to the Monero project. We will cover this a little later in the article. It is important for you to understand the long-term predictions of Monero. Here are some of the top Monero price predictions for 2020.

Monero Price Prediction 2020

Prices of crypto-currencies can fluctuate, and anything can happen within 24 hours. This is what makes it difficult to predict long term prices of any crypto-currency. We can however take a look at some of the top Monero price predictions for 2020.

Monero Price Prediction 2020 Using Technical Analysis

Should you be looking for a great technical analysis, take a look at the prediction made by (they have quite a few international price predictions and investment related stories on crypto currencies). predict that the price of Monero will be in the range of R6800-R7900 in April 2020 and go up to R10000 – R11700 by December 2020.

If we go by this prediction, then a R6200.00 investment today could potentially grow to around R25000.00 by December 2020.

Long Term Monero Price Prediction by John McAfee

John McAfee is one of the most well-known experts and influencers in the crypto-currency market. His tweets and comments about a crypto-currency can have a direct impact on its price. While John McAfee has not given an exact Monero price prediction, he has said that Monero has the potential to challenge Bitcoin as a leading crypto-currency. He has been very vocal about his support for Monero in interviews and on Twitter.

Like any other price prediction, this is debatable, but it does tell us that an expert like McAfee believes in the future of Monero.

So, are Monero coins a good investment?

Here are our thoughts on why it could be a good investment, but remember, before you invest, make sure you speak to a financial consultant for advice.

  • The Privacy – Monero is private, this is increasing its demand.
  • Hardware Wallet – Both Monero and Ledger are working on a hardware wallet for Monero. This should be released in 2018.
  • Technological Improvements – Most of the crypto-currencies today are constantly being worked on and improved, and Monero is one of them. The Monero team are working on a project called “Kovri” which is all about them trying to improve the privacy aspect even more. They are also working on the scalability of Monero.
  • It has a proven track record – Most crypto-currencies have been in flood since 2017, but Monero continues to survive. This shows that it is a valued coin by a lot of investors, and it could stay this way.

…. The future is indeed bright

These are the key factors that will attract investors to Monero going forward. As the crypto-currency market becomes more mature, people will want to invest in the coins that have proven themselves as top crypto-currencies. Which Monero has done over the years.

We think Monero is here to stay, and has the potential to offer good returns in a long term. There aren’t many reasons for it to crash, but here are some factors to take note of:

  • Regulations – An increase in the number of regulations will lead to a decrease in the prices of crypto-currencies. However, regulators may target black markets, meaning that Monero could be affected more than others.
  • Increasing Competition – Monero is one of the oldest crypto-currencies when it comes providing privacy. It has a tough competition from other privacy-based coins like ZCash, Dash, Verge and PIVX.

I think the future of Monero looks positive after we’ve compared the pros and cons. As always, we always want to know what our readers think?

The Crystal Ball lady says..

We trust you now have a clear understanding about what Monero is and how it is different from other crypto-currencies like Bitcoin. You should also know the top Monero price prediction for 2018 and 2020. By looking at the predictions and the benefits which favour Monero, the future looks bright!

Remember that it is important to consider the following before investing in any crypto-currency:

  • Only invest money you can afford to lose
  • Don’t invest all your money into just one crypto-currency
  • Do further research and consult a financial adviser before investing

Let us know your thoughts about Monero in the comments section below!

The post Monero price prediction for 2018 appeared first on ICE3X Bitcoin, Litecoin & Ethereum Exchange - South Africa.

This post first appeared on Ice3x Bitcoin Exchange South Africa, please read the originial post: here

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Monero price prediction for 2018


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