Will Monero Reach $500 in 2019?

[Jenn33]

500 is abit much right now but I think it could possibly go to $100 which is double its price right now

[maxreish]

There are so many news spreading that Monero will going bullish this year 2019. The current price of XMR is $50 and I really doubt it will go up that far. Even if it has a great objective and platform, i do not think it will hit $500.

[Horas1976]

Moreno had reached the level of $ 52 and mining in the market was $ 16.8 million, the possibility of reaching the level of $ 500 seems difficult.
 This looks quite heavy, this year still has a market that is less supportive.

[leetcoiner]

There are so many news spreading that Monero will going bullish this year 2019. The current price of XMR is $50 and I really doubt it will go up that far. Even if it has a great objective and platform, i do not think it will hit $500.

I also think that the price will not be 500 dollars this year. But I expect that the price of monero can be more than 100 dollars. This is the same anonymity coin.

[killat]

Anything is possible in crypto due to its volatility,  but this will most probably not happen.

In order for Monero to reach 500$, glabal capital should increase ~ 10 times. This means a lot of new money should be thrown on the market. All signs indicate rather the opposite.

[ekim88]

To date, the cost of Monero is $52. In order for the cost to increase 10 times (up to $ 500), the entire cryptocurrency market must go up proportionally, and at a very fast pace. Anyway, with any achievements of Monero, but without the rapid growth of the entire market, the price does not increase 10 times. This is too much, especially for such a period of time.

[Apes]

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.

[heritage35]

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.

[azalea69]

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.

[Mac_Doson]

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.

[warrior.coins22]

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.

[othell_rogue]

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.

[el kaka22]

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.

[duyduc256]

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.

[smithAwesson]

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

[bitcoin-shark]

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 $...

[anggaem]

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.

[Siti Nurbaya]

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.

[bonyaserg]

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.

[ivaf]

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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.