What Is Monero (XMR)?
Monero is a special kind of digital cryptocurrency system, which uses cryptography to ensure that all the transactions remain untraceable. Monero was created in 2012 and its a fork of the Bytecoin blockchain, which was initially named Bitmonero.
The best part about Monero is that it is fungible and you have complete control over your currency and transactions. Monero has no pre-set size limit like Bitcoin has, that means malicious miners can clog up the system with disproportionately huge blocks.
Market Prediction For Monero Price 2019
With the market being volatile, predicting the cryptocurrency price is really one of the most difficult tasks.
Let’s consider the Monero (XMR) price prediction from major distinct sources, which will give us a fairer idea:
#1 LongForecastIt is a forecasting agency which is specialized to predict the financial market, which has even predicted more than 100 cryptocurrencies. LongForecast predicts that Monero might be in the range of $554-$638 in April 2020 and go up to $810- $945 by December 2020.
#2 Trading BeastsTrading beasts display that Monero can reach around $150 within a year which means it can roughly reach about $200 by 2020.
#3 Crypto Ground
Crypto ground is a cryptocurrency prediction website which states that Monero might reach $118.02 by the end of 2019. In 5 years, XMR has a good possibility that it might reach $496.82, might even reach the $500 mark if the market is calm enough.
#4 Profit Confidential
Profit Confidential shares the prediction data based on factors like the current market trends, the technology, and the team. They predicted that Monero might soar up to $350 by the end of 2019.
While other cryptocurrencies in circulation are actually pseudonymous, Monero is an anonymous cryptocurrency, which is why it has a gained a lot of growth and traction in the recent months. With many users looking for anonymous cryptocurrencies in the near future to perform their transactions, industry experts recommend investors to buy Monero at the current price levels in order to get better returns in the future. You
can convert XMR to BTC from CoinSwitch at best rates.
Hell yeah, and ADA can reach 100$ as well. Where the heck do you get this kind of such a silly forecasts?
Every time it's only a shot in the dark. What's the point to say that without any plausible technical analysis?