Will Monero Reach $500 in 2019?

[Maria Dent]

Monero coin has been doing well in the crypto market.That's why this coin is good to invest for a long term because this coin has the potential to be very popular in this crypto community.
The best part about Monero is that it is interchangeable and you have complete control over your currency and transactions. For users who are 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.

One can buy monero with credit card by comparing the prices across exchanges and buy at the best rate at Coinswitch exchange. It provides an easier way to buy Monero with a credit card anywhere in the world.
It has a better future in the future, because they have amazing potential with its main privacy feature which makes it the preferred cryptocurrency for transactions in darknet. Monero is still one of the best anonymous coin so far.

[SRKNGL]

Monero was particularly good for cpu miners. After the last falls, they shut down the machines. I think bitcoin should rise above $ 6,000 to increase all coins.

[AngelJoshua]

I do believed to the same idea that once the resources or the available monero that can be mine it will going to have a good increase. I guess it's not possible to reach that much but it will really going to have a good increase depend also on their developments.

[Bitcoin Miners]

Now I assume that it's useless to make predictions about the altcoin price because even though the altcoin price will still follow bitcoin including xmr (monero). If you want to make a prediction of the price of monero, then do a prediction against bitcoin because monero will follow the price movements of bitcoin.

I don't think there is an exception for Monero.
Most of altcoins follow the trend of bitcoin as same as ERC20 tokens follow the trend of Ethereum.
Therefore, any forecast of altcoins, such as Monero can not exclude effects from bitcoin.
I still did not know why you think Monero can stay outside all altcoins and won't be affected by bitcoin.
Can you give me clarification at that point, daarul50?

[Febo]

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.

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

Monero will have 18.1 million mined mid 2022. So in 3 years time.  After that it will add like 150k XMR every year. And that way forever secured its network not needed  to rely on fees.  Number of daily mined Monero decrease drastically. and went from 25k in April 2014 to 2150 XMR today. 25k XMR mined daily was huge selling pressure that kept Monero price low for years. Now that pressure is slowly going away and that will reflect on Monero Bitcoin ratio.

I dont think $500 Monero in 2019 is likely to happen. Yes of course it is possible but for that needs a serious adoption to happen. Without that adoption to happen and relying only on Bitcoin cycle we should see a $500 Monero in beginning of 2021.

I didn't know that there will be a constant issuance of 150k Monero per year. Will it be 150k per year infinitely?

Every year the issue of Monero coins will decrease.
but in the coming years, the release of new coins will be at the level of 100-150 thousand per year.

Yes and then finally the block reward will go to zero and the network incentives will only come from transaction fees?

No it will stay at around 150k.  What will decrease is a % that that will add to the whole number of coins in existence. I believe it will be 0.87% yearly and then just decreases slowly.   Gold yearly mined inflation is between 1.5% and 2%.  Current Monero yearly issuance inflation is around 4%

[AlekseyCrypto]

I don't think that this can happen in 2019, but I am sure when the market will unfold this coin will be able to overcome the price of 500 $, as the project is quite serious and popular with investors.

[Sellman]

Maybe this year or in the next few years it wil happen again to Monero to reach highest price even more than$500.

Why did you not set higher price target, such as over $1000 per XMR?
Ethereum and DASH made it, so why Monero won't be able to make it happen next years?

[Dasha88fed]

If in the United States and Europe, government agencies and financial regulators decide to introduce mandatory verification of wallet owners, or even ban listing of anonymous coins on official crypto exchanges, then the price of all anonymous coins can drop dramatically. Monero is also an anonymous coin and it may come under government action aimed at deanonymizing the crypto sphere, fighting terrorism and money laundering.

[Sellman]

People always find a way to fight against local authority's regulations, like what Bitcoin did ten years ago.
Monero will do can make it, as well as other private coins.
There will have more cross-chain platforms in the future, and it is just one of potential solutions.

[Febo]

If in the United States and Europe, government agencies and financial regulators decide to introduce mandatory verification of wallet owners,

Why should mandatory verification of wallet owners be any different for Monero owner then Bitcoin owner?  I dont understand your point here. Only different thing here I see when those information somehow leak in public then in Bitcoins case everyoen will know how much money everyone have and what they use it for. In Monero case that will not be that way and users and companies that use Monero will be protected.

Actually if such regulations gets implemented. I personally will stop using Bitcoin totally and fully switch into Monero.

[stfN2128]

If in the United States and Europe, government agencies and financial regulators decide to introduce mandatory verification of wallet owners,

Why should mandatory verification of wallet owners be any different for Monero owner then Bitcoin owner?  I dont understand your point here. Only different thing here I see when those information somehow leak in public then in Bitcoins case everyoen will know how much money everyone have and what they use it for. In Monero case that will not be that way and users and companies that use Monero will be protected.

There are still enough exchanges in the wide crypto space where no kyc is required. i guess it will not have a big affect at all.
if the market will rise again like 2017 i have no doubt that monero can reach 500$. but i don't think that monero can outperform the rest of the market.

[Sellman]

On exchange, if you do KYCs, you do for all your money on exchanges, no matter whichever coins you have in your portfolio on a specific exchange.
If the exchange listed bitcoin, monero, dash, etc. when you finished KYC, you finished KYC for both bitcoin, monero, dash, etc. all coins listed on the exchange.

Why should mandatory verification of wallet owners be any different for Monero owner then Bitcoin owner?  I dont understand your point here.

Even Monero focuses on privacy, and untraceable, it does not a problem to restrict the coin from listing on new exchanges, or delisting it from all current exchanges.

[fortunecrypto]

Maybe this year or in the next few years it wil happen again to Monero to reach highest price even more than$500.

Why did you not set higher price target, such as over $1000 per XMR?
Ethereum and DASH made it, so why Monero won't be able to make it happen next years?

Yeah you are right there is a basis why it should reach higher than $500, but this year it's still 50/50 the market is just getting up and we have a very slow movement of the price going up and before we end the year the most that Monero can reach probably is $200 hopefully.

[herfie.chen]

I think it couldn't be happen in this year's. The Highest price of monero is $494 and that happened last year. It's very difficult for Monero to reach $500 especially to reach last year's achievement with current market condition.

[Buzhou]

I think Monero is crypocurrency for such strength!
But it is necessary to consider some details of the strong competitors!
The mimblewimble designs and even Zcash or Dash enable new users and other shapes.
For Monero to reach these numbers, a strong adoption of
And understanding that the values of XMR resources is definitely higher than the projects I've cited.
Well, Monero will have to evolve or show evolution in some ways to cost $500 without bull market.

[Crypto$tar]

Why hasn't the price of the Monero risen after the xmr/usdt trade pair was listed on binance?

[mv1986]

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.

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

Monero will have 18.1 million mined mid 2022. So in 3 years time.  After that it will add like 150k XMR every year. And that way forever secured its network not needed  to rely on fees.  Number of daily mined Monero decrease drastically. and went from 25k in April 2014 to 2150 XMR today. 25k XMR mined daily was huge selling pressure that kept Monero price low for years. Now that pressure is slowly going away and that will reflect on Monero Bitcoin ratio.

I dont think $500 Monero in 2019 is likely to happen. Yes of course it is possible but for that needs a serious adoption to happen. Without that adoption to happen and relying only on Bitcoin cycle we should see a $500 Monero in beginning of 2021.

I didn't know that there will be a constant issuance of 150k Monero per year. Will it be 150k per year infinitely?

Every year the issue of Monero coins will decrease.
but in the coming years, the release of new coins will be at the level of 100-150 thousand per year.

Yes and then finally the block reward will go to zero and the network incentives will only come from transaction fees?

No it will stay at around 150k.  What will decrease is a % that that will add to the whole number of coins in existence. I believe it will be 0.87% yearly and then just decreases slowly.   Gold yearly mined inflation is between 1.5% and 2%.  Current Monero yearly issuance inflation is around 4%

Ok thank you for the clarification. Do you think that it is good to have an infinite issuance of 150k per year? Could that in theory be changed if the majority of the network agrees or what are the majority rules for such changes? Do you know that?

[Yahiris]

Rather, XMR will not reach the level of $500, because now the price is about $50. For this to happen, we need a market growth similar to that of 2017

[Thanasis]

Why hasn't the price of the Monero risen after the xmr/usdt trade pair was listed on binance?

There is no need for any coin to rise its value when particular pair gets listed on exchanges.Monero is one of the potential altcoin so there is no need to get doubt on that coin for investing in long term you will get surprised after few years if the crypto currency got mass adoption.

[Bitcoin Miners]

Oh, it is the most common instant effects when coins listed on new exchanges, especially on top exchanges.
This is why CEO of Binance stated that whichever coins release news that they will be listed on Binance before the scheduled listing time will almost never get chance to appear on Binance.
Of course, good coins, good teams will never do this.
Only shitty coins, greedy team want to sell news relate to Binance listings to try getting profits.

There is no need for any coin to rise its value when particular pair gets listed on exchanges.Monero is one of the potential altcoin so there is no need to get doubt on that coin for investing in long term you will get surprised after few years if the crypto currency got mass adoption.

Hello mate,
Will you not say something like Bitcoin will never hit $100.000 because it has been around $4000 for now?
It is almost the same thing what happened when bitcoin traded a few bucks.

Rather, XMR will not reach the level of $500, because now the price is about $50. For this to happen, we need a market growth similar to that of 2017