Key Takeaways
A peer-to-peer (P2P) trading platform specializing in privacy-focused cryptocurrency, Monero has ceased its operations immediately, adding to a recent trend of closures and crackdowns within the crypto privacy sphere.
LocalMonero declared on May 7 that all new user registrations and advertisement placements for Monero (XMR) trades would be suspended, followed by a complete halt to trading activities for the privacy-centric digital asset on May 14.
The company attributed its decision to a blend of internal and external factors, though it refrained from divulging specific details. However, it did acknowledge the growing antagonism towards products and services emphasizing user privacy as a significant influence behind the move.
However, when the market fell in early September 2024, XMR was one of the few cryptocurrencies to rise. This, in turn, put it in a pretty strong position for the bull market of November and December, when it broke past $200 for the first time in two-and-a-half years.
By Jan. 9, 2025, Monero was worth about $195.25.
Let’s examine our Monero price predictions, made on Jan. 9, 2025. We will also examine the Monero price history and discuss what Monero is and does.
Let’s look at the XMR price predictions made by CCN on Jan. 9. The predictions will use the wave count method. We will then add and remove 20% from the final target to develop our minimum and maximum predictions.
Minimum XMR Price Prediction | Average XMR Price Prediction | Maximum XMR Price Prediction | |
---|---|---|---|
2025 | $93 | $105 | $127 |
2025 | $132 | $165 | $198 |
2030 | $32 | $40 | $48 |
The most likely wave count suggests that XMR started a W-X-Y correction in June 2022. If so, it is currently in the Y wave, which is the final one for the correction.
If waves W to Y have a 1:1.61 ratio, XMR can reach a high of $250 in October 2025
Then, we can predict a lengthy correction similar to the one after the May 2022 high. If that has the same duration as the W-X-Y structure, it will continue until 2027.
During these projected upward and downward movements, the wave count method gives XMR price predictions of $105 and $165 for the end of 2025 and 2026, respectively.
Finally, we use the daily rate of decrease for the past three years to arrive at our XMR price prediction for 2030.
The XMR Price has fallen 37% since November 2021. Projecting this decline until the end of 2030 gives a target of $40.
The wave count method predicts that XMR’s price will range between $93 and $127 by the end of 2025.
The wave count method predicts that XMR’s price will range between $132 and $198 by the end of 2026.
Using the daily rate of decrease for the past three years, we arrive at an XMR price prediction range between $32 and $48 by the end of 2030.
Since June 2022, the $180 resistance level has repeatedly blocked Monero’s upward movement.
Even after breaking a descending trend line in June 2024, XMR couldn’t push past it.
However, in December, Monero finally surged past $180, hitting a yearly high of $231.96 before retracing to retest and hold $180 as support.
This breakout and retest suggest a bullish continuation, with the next target around $310, a 50% increase from current levels.
Supporting indicators like RSI and MACD remain bullish, reinforcing the optimistic outlook. Monero’s integration with the Keystone Hardware Wallet could further bolster this trend.
The XMR price prediction for the next 24 hours is bullish as long as the price does not close below the $180 horizontal area.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Jan. 9, 2025, the Monero RSI was at 50, indicating neutral conditions.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Jan. 9, 2025, Monero’s ATR was 12.78, suggesting relatively low volatility.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Jan. 9 2025, Monero scored 28.1 on the CCN Index, suggesting weak momentum.
Monero is a so-called Privacy Coin. Let’s compare it to some similar cryptocurrencies to see how it has performed over the last year.
We looked at the Monero price history and found the times when the price was at its lowest across certain days, months, and even quarters in the year, indicating the best times to buy XMR.
Day of the Week | Friday |
Week | 35 |
Month | August |
Quarter | Third |
CCN’s Senior Research Analyst, Toghrul Aliyev, investigated Monero in depth and found the following advantages and disadvantages.
Following that, let’s now take a look at some of the key dates in the Monero price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Monero price prediction.
Time period | Monero price |
---|---|
Last week (Jan. 2 2025) | $197.21 |
Last month (Dec. 9, 2024) | $227.06 |
Three months ago (Oct. 9, 2024) | $154.45 |
One year ago (Jan. 9, 2024) | $148.63 |
Five years ago (Jan. 9, 2020) | $59.79 |
Launch price (May 22, 2014) | $1.5894 |
All-time high (May 7, 2021) | $517.62 |
All-time low (Jan 14, 2015) | $0.213 |
The market capitalization, or market cap, is the sum of the total number of XMR in circulation multiplied by its price.
On Jan. 9, 2025, Monero’s market cap was $3.6 billion, making it the 40th-largest crypto by that metric.
Supply and distribution | Figures |
---|---|
Total supply | 18,446,744 |
Circulating supply (as of Jan. 9, 2025) | 18,446,744 (100% of total supply) |
In its technical documentation or whitepaper , Monero says, “Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Third parties do not need to be trusted to keep your Monero safe.”
One of the biggest selling points of crypto is its private nature. The idea is that the blockchain would help users conduct their business privately.
However, there have been some concerns that people can track down who owns what address with a bit of detective work.
Monero is designed to address these concerns. The blockchain, which was formed as a spin-off from the Bytecoin network in 2014, uses techniques that mean no one can tell where a transaction originated or was sent to.
While the system’s advocates argue that it is doing nothing wrong, Monero has been accused of facilitating money laundering and helping fund terrorist activity.
The XMR coin supports the blockchain. Monero is based on the CryptoNote whitepaper, published by pseudonymous author Nicolas van Saberhagen in 2013.
Monero uses a Proof-of-Work consensus mechanism. This means people must solve increasingly complex mathematical equations to add blocks to the blockchain and earn rewards.
The system uses “one-time ring signatures” to ensure that transactions remain untraceable. Stealth addresses allow users to set up one-off wallet addresses, which, again, stop transaction tracing.
With features like these, it is perhaps little surprise that the authorities have raised their concerns about XMR and that some of the largest centralized crypto exchanges, such as Coinbase, do not list it.
Users can utilize XMR to pay for transactions on the platform and reward the system’s miners. XMR can also be bought, sold, and traded on some exchanges, although, as we have said, some exchanges do not offer it, citing legal concerns.
Monero’s XMR crypto has been the subject of much skepticism. Concerns surrounding its facilitation of illegal activities have seen it removed from some major exchanges.
To some people, it might seem that the only reason someone might buy the coin is to take part in something that is not entirely within the law. This could have implications when considering the ongoing, often-warranted crackdown on crypto.
On the other hand, the coin performed comparatively well over a period when the market tumbled. As always, it is vital that you do your own research.
No one can really tell right now. While the price forecasts are bullish in the longer term, price predictions may be wrong. Remember, too, that prices can and do go down and up.
Before you decide whether or not to invest in Monero, you will have to do your own research, not only on XMR but also on similar coins and tokens, such as ZCash (ZEC) and DASH.
Ultimately, though, this is a decision you will have to make for yourself. Before you do so, it is vital that you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri
It could do, but not at any point before the 2030s at least, according to our analysis.
Monero’s XMR coin is used to help transactions on the Monero blockchain. It is also given to the system’s crypto miners.
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.