Will Monero Reach $500 in 2019?

[madnessteat]

I think that in 2019 we will not see the price of $ 500. But when bitcoin returns to the level of $ 18000-20000, it is very possible that Monero will cost about $ 500.

[kkaroul4]

Everything is possible, but in my opinion at the moment as a market price leader is bitcoin. The rise and fall of bitcoin prices will have a big influence on the altcoin. So maybe monero reaches $ 500 but if bitcoin also experiences a high price surge

if that is the case the problem is that all the coins under bitcoin depend on the price of bitcoin and when the price of bitcoin rises the price of an altcoin like monero will definitely rise as well because the price of bitcoin has become the benchmark price for the coins below

[jazmuzika217]

Everything is possible, but in my opinion at the moment as a market price leader is bitcoin. The rise and fall of bitcoin prices will have a big influence on the altcoin. So maybe monero reaches $ 500 but if bitcoin also experiences a high price surge

You have point in your opinion we are here in cryptoworld so its possible to reach that amount but all this time we dont see any price action increase if you are true monero holder you will still positive that amount will reach, but based on what I see its too far away from the real price.

[maximumcoin]

Not only the price of Monero, but also other altcoins and bitcoin all moved slowly, in the first quarter and might be in the rest months of 2019.

Everybody here is speculating but in reality, the price is moving very slowly I don't see any coin getting pumped 10 times this year, the last quarter of this year could be the start of the pump and every price speculation will happen next year, and Monero deserves the $500 price or even more.

I think that in 2019 we will not see the price of $ 500. But when bitcoin returns to the level of $ 18000-20000, it is very possible that Monero will cost about $ 500.

Mainly depends on bitcoin, despite of how intensively the Monero team work hard, the coin will not hit $500 if bitcoin won't come closer to its all time high.

[dedi joni]

I think that in 2019 we will not see the price of $ 500. But when bitcoin returns to the level of $ 18000-20000, it is very possible that Monero will cost about $ 500.

If it immediately happens, in the near future. If the bitcoin is not capable of growing as tall as it I think it will be difficult to reach a price of as high as it is. We have to look at the market, because the market does not yet have the ability to grow as tall as that one.

[Dpat]

The $500 target for the Monero is very less but I think this must reach in the 2019. But, if you have this coin in your wallet then time to hold for the longer needs to the next bull coming. This time the coin is heavily traded in the market and touched more than of 2 lakh BTC in volume and ranked 13 in the Coinmarketcap. This coin is also mineable and a global currency like the Bitcoin. So, the upside potential is very possible.

[Pithaxz]

all coins have high selling points when they have good prospects, related to Monero when the remaining 16.4 million coins have been mined and the rest are likely to have high sales value someday. . but the market is always moving and trading is always active. I think this will continue to spin on the market, and the fewer the total number of automatic coins can be more expensive.

[mv1986]

The $500 target for the Monero is very less but I think this must reach in the 2019. But, if you have this coin in your wallet then time to hold for the longer needs to the next bull coming. This time the coin is heavily traded in the market and touched more than of 2 lakh BTC in volume and ranked 13 in the Coinmarketcap. This coin is also mineable and a global currency like the Bitcoin. So, the upside potential is very possible.

The upside potential is definitely real. It is similar to Bitcoin and has the anonymity features, which makes it somewhat complementary to a payment system that BTC is also a part of. You need both I think.

[Bitcoin Miners]

The upside potential is definitely real. It is similar to Bitcoin and has the anonymity features, which makes it somewhat complementary to a payment system that BTC is also a part of. You need both I think.

Uptrend to make a long recovery is unavoidable thing, especially after more than one year and a half of bear market.
The market has to move up, but it won't be powerful enough to go up steadily.
Instead, the market will have to be corrected for each part of its journey, despite of the general trend is upward.

[CAPT.DEADPOOL]

we can not say that because it's hard to predict altcoins especially the bitcoin price is very low and the altcoins are too affected but the good thing to do now is to buy altcoins with the potential and only hold it long enough to buy monero and There is a potential and longterm but it is not possible to avoid the price drops of altcoins to tell if monero will work because monero is mining so many buyers have it.

[Ferris419]

Now price of monero is $55, So $500 is not near at door. Monero obviously good coin in Future but it can not go to around $500 in 2019. But it is possible to reach around $100 into this year. You can invest you money on monero coin for long investment.

[BitcoinTurk]

As I mentioned in my previous comments and comments, a serious upward trend in this year and the last bull period are not waiting for us. Therefore, I think that prices will not rise rapidly. Of course, this price mobility will be reflected in every cryptocurrency. For this reason, I think this year Monero will not reach the $ 500 price level. Of course, in case of possible developments such as significant developments, different price attacks, these expectations may be completely mistaken or even reversed.

[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%

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?

Of course it is good since it is the only way to secure the network. Fees will never be high enough to secure network on its own. Bitcoin and many other copies of Bitcon will have this problem to add tail emission "soon". In Bitcoins case in about 15 years time.  Main point of money is top be secure. If someone make you think he sent you coins but he did not then that is not the money anymore and value of such coins will be zero.

[cuo]

every coin have a chance to rise up again, but of course we cant real predict the future, we only can see from fundamental and aslo technically to predict where price will move, but that's not enough, cause crypto price can be manipulated, for ex Pump price.

[Msworld83]

I don't think any coin can see halve of their ATH by 2019 end as the market is still much in bearish and just getting recovering but there will be a nice move on recovering as many are now away from bottom .

[aprilnot]

I don't think it's possible XMR might be good at the moment but 500 is too high a price. this is very unrealistic for a market situation that has not been stable and even though later in the middle of the year the market has also increased this is a bit difficult.

[proTECH77]

That might be possible if only the general market increase. Monero according to market prediction of $500 in 2019 is not feasible due to current movement in market price but hopefully the price will rise/increase to $300 before the end of 2019.

[LegendOF45]

Nothing impossible in crypto, Monero is a good coin and with continued community support, but it is not easy to reach and of course the price of $ 500 can be achieved if the market can skyrocket like 2017.

[Tahdayi]

Nothing impossible in crypto, Monero is a good coin and with continued community support, but it is not easy to reach and of course the price of $ 500 can be achieved if the market can skyrocket like 2017.

I agree , but with the current situation on the market I doubt something like this could happen , I think we can grow but only x2 , not more , not enough investors in the market now!

[Aqcizromencez]

monero is a good and quite mature coin so there are many opportunities to rise,but the problem is the current market conditions has not shown price recovery,monero could have been priced at $ 500 with a market record like in 2017 or when the market is at its highest peak.