Will Monero Reach $500 in 2019? - page 23.

semobo

full member

Activity: 1498

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Quote from: Crypto_Meet on March 12, 2019, 02:52:07 AM

There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Similarly, it can be predicted that the more finite Monero will become as a cryptocurrency, the more likely it is for the prices of Monero to shoot up.

You can find detail info also here: Monero Price Prediction

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?

It only depends on the price of bicoin just like other altcoins,even if the Monero is one of the best altcoin people just rely on the growth of bitcoin to make their investment into crypto currencies.

Fola3la3

newbie

Activity: 8

Merit: 0

Yes, tether should be avoided, but if you were able to invest into crypto as a whole, I would put my pension on that. Probably just invest into the top 10 coins propotionally to thier marketcap. When the market goes up over the next 10 years, you win... Sure there will need to be some rebalancing as new coins join the list and old ones fade but all in all, I believe crypto is here to stay.

Jungleman88

newbie

Activity: 14

Merit: 0

It depends of what the market does, I think of the market picks up a little but then monero could hit $200 possibly

MOProgress

full member

Activity: 868

Merit: 116

I don't think that Monero can get to $500 this year 2019, it it can even get to $200 with the way the market is going, I will be okey with it.

airdropan

member

Activity: 532

Merit: 11

♦♦♦♦♦

too hard to hapend on this years
since market still not stable, even bitcoin itself can't survive and go up
maybe on 2020

CryptoInsights

member

Activity: 141

Merit: 19

Quote from: Crypto_Meet on March 12, 2019, 02:52:07 AM

There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Similarly, it can be predicted that the more finite Monero will become as a cryptocurrency, the more likely it is for the prices of Monero to shoot up.

You can find detail info also here: Monero Price Prediction

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?

This price prediction of XLM was done long back on Jan 9th:

XLM Price Analysis:

Stellar (XLM) project enables low-cost interbank transfers across countries in less than 5 seconds. The Stellar Development Foundation is also working to enable access to the financial world for the unbanked.

Source: https://coinswitch.co/news/top-performing-coins-in-jan-19-week-2-waves-xlm-ardor-analysis

Bullish Case
XLM has been hovering around the long term horizontal support (green bar)and surged 15% before correcting to the same level again and is one of the best performing cryptocurrencies this month.

If it manages to hold the current level then it might try to test and break the next resistance zone (red bar) which would be bullish for mid-term. Bullish momentum would be confirmed when the resistance zone (1st red bar) is broken and retested with buying interests.

Bearish Case
If the current support level (1st green bar) doesn't hold up in the coming days then it would be pretty bearish for the asset and it would test the last support level around 0.00002200 -0.00002100 satoshi level.

trading view link:
https://www.tradingview.com/chart/XLMBTC/UnvDKZeG-Stellar-XLM-BTC/

ivaf

full member

Activity: 980

Merit: 109

Quote from: Crypto_Meet on March 12, 2019, 02:52:07 AM

... snip

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?

Not. My opinion is no. I do not see the prerequisites for this. In general, all these predictions are fortune telling on the coffee grounds. If it’s MM is interesting, then they will pump any coin to the level they need.

bonyaserg

jr. member

Activity: 1876

Merit: 5

Personally, I think that Monero will not be able to reach $ 500 in 2019. Since there are more popular coins on the market which, according to forecasts, should reach a little more than $ 200 in 2019, this is Ethereum. This is a triple coin after bitcoin. And so that Monero cost $ 500, I think that this is not possible this year.

Siti Nurbaya

jr. member

Activity: 490

Merit: 1

Maybe 2 or 3 years and not this year, it does look difficult if this year reaches $ 500.
Monero's positive news and developments will definitely bring it to a better improvement.

anggaem

member

Activity: 672

Merit: 10

I don't think it will, the price of bitcoin or monero is very difficult to rise this year because this year we are at the bottom and we have to be patient until there is news and the bitcoin fundamentals are stronger.
maybe in 2 or 3 years monero will touch 500 $ but for this year I don't think so.

bitcoin-shark

hero member

Activity: 2968

Merit: 605

monero has great possibilities and many features yet to be discovered, a great future ahead of itself, if it is not this year surely next year it will reach 500 $...

smithAwesson

hero member

Activity: 924

Merit: 500

If bitcoin reach 40k$ in 2019 than maybe. No coins show significant growth without bitcoin.

duyduc256

sr. member

Activity: 700

Merit: 250

Quote from: Crypto_Meet on March 12, 2019, 02:52:07 AM

There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Similarly, it can be predicted that the more finite Monero will become as a cryptocurrency, the more likely it is for the prices of Monero to shoot up.

You can find detail info also here: Monero Price Prediction

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?

I am sure to you this will not happen with Monero this year. 2019 is still not the best year to invest in this market and all your predictions will only be appropriate when the market enters the uptrend stage. If you expect Monero to reach $ 500 this year, expect the value of Bitcoin to reach $ 50,000 and I'm sure this will happen.

el kaka22

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

Monero is just 52 dollars right now. It has a marketcap of 900 million dollar or so which is not bad at all. Having monero at 500 dollars in one year is literally X10 increase, which is very very unlikely unless all of the market increases as well. If bitcoin reaches to 10k+ and ethereum reaches to 1k+ and ripple reaches to 5+ than yeah monero could definitely hit 500+ as well but if others are not going up that much than I doubt monero could reach there neither.

I mean monero is 13th in market cap right now which is definitely great for them but if it goes x10 without others going up that means it will become 4th biggest coin with about x3 more marketcap than the next coin, do you really feel like that is something that's viable at all? Monero is going to stay where it is as long as market doesn't move, that is all.

othell_rogue

full member

Activity: 800

Merit: 143

To reach 500$ in 2019 is very hard, but not imposible. I think it will touch this value in 2021-2022 1 year after the bitcoin halving.

warrior.coins22

jr. member

Activity: 280

Merit: 1

The possibilities and opportunities to rise must be there, and that will happen to Monero. But it may not be in a situation or market condition that is currently not stable. Last year I also hoped that Monero would rise quickly, but it did not happen until the end of 2018. Well, maybe that opportunity will occur in mid Q2 of 2019. Only limited to my expectations as a former fan.

Mac_Doson

jr. member

Activity: 105

Merit: 9

Menero is a coin that is different from other coins. This coin can keep all transactions confidential and cannot be tracked by the blockchain system. This is why this coin is very good to hold. Monero will surprise you if you are detained for several years. With many users looking for anonymous cryptocurrencies in the near future to perform their transactions, industry experts recommend investors to buy Monero at the current price levels in order to get better returns in the future. You can convert XMR to BTC from CoinSwitch at best rates.
Monero is anonymous and a cheap transaction fee coin. But more importantly, most mining softwares, add-ons, extensions, website etc. mine Monero and then convert it to Bitcoins and other crypto currency . So in that way, it will always be in circulation and use. As far as how good investment it is, I think it might give you average returns, but don't expect any magic from it.

azalea69

jr. member

Activity: 336

Merit: 1

Monero's journey is still long and to reach $ 500 requires a lot of positive things, the possibility of trading methods can change and this will increase the level. All these market conditions will influence and the bitcoin movement will also influence.

heritage35

member

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Merit: 13

Considering the time stated by the author, it is not likely going to surge to that extent, because of the general market situation. It will take some time more for the market to recover, perhaps a little beyond 2019.
I was looking through the ATH of Monero and i discovered that, it was around $500, so if that would happen, then there must be bull run and the price of bitcoin must rise beyond its previous ATH.

Apes

sr. member

Activity: 1316

Merit: 257

from the beginning of march XMR only increased by only $ 8 so if you estimate the increase from $ 52 to $ 500 by the end of 2019 I think if market conditions like this would not be possible. unless there is a trigger that makes crypto market prices volatile. when looking at the XMR's market price graph is almost identical to the market prices of BTC and ETH in recent months. so dont expect too much.

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