Market Stats and Forecasts
Monero Description
XMR, also known as Monero, was launched in 2014. This is one of the trending crypto tokens which focuses on privacy. The network of this crypto is advanced and keeps every transaction transparent and secret. The main goal of this crypto network is to become the go-to choice for users who wants their transactions to be done anonymously. XMR uses the CryptoNote protocol, which is an advanced technology. This technology utilizes ring signature and Ring CT to keep the transactions anonymous and safe for the user.
Monero is very committed to decentralization, which shows its strong characteristics. This network wants to become a global network for developers who wish to maintain and improve the project. This open-source nature of the XMR network shows transparency and encourages a sense of community ownership. Monero tokens are identical and hold the same value, which helps users to transact smoothly. By market capitalization, XMR ranks among the top 30 cryptocurrencies with a more than $ 3 billion valuation. This token can be tarded on different exchanges, and users can also buy, sell and trade XMR easily.
The privacy feature of the XMR network is also under scrutiny. It's because of the possibility of illegal activities of some associate XMR. Overall, Monero provides an authentic platform to users who need privacy in their financial dealings. Monero is a unique player in the crypto market. This network aims to provide users ultimate privacy regarding transactions and financial deals. This seems a potential token for investors that can be valued more due to its advanced and secured transaction processes.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Monero, Our analysis, guided by the machine learning experts, yields forecasts for Monero price trajectory up to 2024. With a comprehensive understanding of Monero historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 5 and an error value of 0.34%.
For the year 2024, our analysis indicates a projected yearly low of $134.35, with the high anticipated to reach $194.97. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-09-15 | 161.29 | 166.43 | 171.27 | 2.21 |
| 2024-09-16 | 162.95 | 166.38 | 171.27 | 2.21 |
| 2024-09-17 | 166.54 | 170.04 | 175.03 | 4.46 |
| 2024-09-18 | 164.93 | 172.08 | 178.68 | 5.61 |
| 2024-09-19 | 164.93 | 168.4 | 173.52 | 5.61 |
| 2024-09-20 | 170.22 | 173.8 | 178.91 | 6.77 |
| 2024-09-21 | 168.58 | 174.01 | 180.87 | 7.95 |
| 2024-09-22 | 172.21 | 177.75 | 184.64 | 9.13 |
| 2024-09-23 | 172.21 | 175.8 | 179.31 | 9.13 |
| 2024-09-24 | 173.99 | 179.53 | 184.64 | 9.13 |
| 2024-09-25 | 170.44 | 174.03 | 179.31 | 9.13 |
| 2024-09-26 | 173.99 | 177.65 | 182.86 | 9.13 |
| 2024-09-27 | 172.07 | 173.84 | 177.34 | 7.93 |
| 2024-09-28 | 172.27 | 179.74 | 186.63 | 10.31 |
| 2024-09-29 | 177.79 | 181.53 | 186.86 | 11.52 |
| 2024-09-30 | 178 | 183.73 | 190.98 | 13.97 |
| 2024-10-01 | 183.7 | 187.52 | 191.2 | 15.23 |
| 2024-10-02 | 179.83 | 183.61 | 189.1 | 13.96 |
| 2024-10-03 | 177.98 | 181.72 | 187.24 | 13.96 |
| 2024-10-04 | 181.68 | 183.55 | 187.24 | 13.96 |
| 2024-10-05 | 181.68 | 185.46 | 189.1 | 13.96 |
| 2024-10-06 | 181.81 | 185.6 | 189.3 | 15.21 |
| 2024-10-07 | 183.68 | 189.53 | 194.93 | 15.21 |
| 2024-10-08 | 181.66 | 185.48 | 190.93 | 13.95 |
| 2024-10-09 | 179.81 | 185.59 | 192.78 | 13.95 |
| 2024-10-10 | 177.95 | 183.62 | 189.08 | 13.95 |
| 2024-10-11 | 177.95 | 183.62 | 189.08 | 13.95 |
| 2024-10-12 | 181.79 | 187.64 | 194.9 | 15.20 |
Monero Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Monero is forecasted to achieve its peak value in 2025 at approximately $304.27, while potentially dipping to a low of $159.86. The average trading value during this period is projected to hover around $276.16.Monero Price Prediction 2026
In 2026, Monero is anticipated to potentially reach its peak value of $457.38, with a possible lower value of $230.41. The average trading value for this period is estimated to be approximately $408.52.Monero Price Prediction 2027
As we look ahead to 2027, the trajectory of the Monero coin may offer investors unexpected turns. Projections suggest peaks hitting $598.47 and lows stabilizing around $341.01, with an average trading value resting near $539.16.Monero Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Monero coin. Projections point towards a maximum value of $934.12, a minimum of $473.67, and an average value of approximately $840.63.Monero Price Prediction 2029
Our market analysis indicates optimistic prospects for the Monero crypto in 2029, with projected peaks at $1,455.56 and floors at $705.44. Moreover, the average trading value of this coin is anticipated to hover around $1,325.75.Monero Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Monero token. Projections indicate highs near $2,302.08, potential lows around $1,105.66, with an average value of about $2,017.46.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $171.39 by the Sep 15, 2024. The Relative Strength Index (RSI) stands at 1.2449, indicating a Rise market stance. Overall, while the long-term forecast is Sell.
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Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The Monero is predicted to surge by 7.59% to $170.04 by Sep 17, 2024, though current indicators show a Bearish sentiment with 20 out of 30(67%) green days and a notable 13.54% price volatility over the past month.
