Will Monero Reach $500 in 2019?

[MMA Rats]

I doubt it very much.  Because Monero is not so popular that so many people invest in it.  But in the world of cryptocurrency can be everything.

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[Icologies]

i see from current market conditions, it's difficult monero can reach such prices in 2019 because the current price of monero still reaches $ 88, it's likely to reach $ 200 - $ 300, might happen

[mattadc]

I agree with you guys.  I also think that this year Monero will not reach $ 500.  Because it is a very high result for him.  As for me, the maximum that he can overcome is $ 300.

[Febo]

I agree with you guys.  I also think that this year Monero will not reach $ 500.  Because it is a very high result for him.  As for me, the maximum that he can overcome is $ 300.

I believe $300 in 2019 would be a great result. That would give over a 600 % price increase in a year.

[sri.bima]

In my opinion this time, I see monero difficult to reach the price of $ 500 in 2019, the best possibility is the price of around $ 100 for the end of this year. If we look at the graph, the highest price may be at the end of 2017 and the beginning of January 2018. And for now it is at the price of $ 85, but if we pay attention since March 2019 it has experienced a pretty good movement. Maybe in the second quarter of 2020, Monero will rise significantly.

[strunberg]

In my opinion this time, I see monero difficult to reach the price of $ 500 in 2019, the best possibility is the price of around $ 100 for the end of this year. If we look at the graph, the highest price may be at the end of 2017 and the beginning of January 2018. And for now it is at the price of $ 85, but if we pay attention since March 2019 it has experienced a pretty good movement. Maybe in the second quarter of 2020, Monero will rise significantly.

if we want to see monero back to $500 in this year we need main trigger that able to create new demand for monero.if only wait market recovery without any trigger or good news , its difficult for monero.

[Beccaman]

Personally, I think that this year XMR will not reach $500, because the price at the moment is only $82, most likely the price will be a maximum of $200-300 this year

[mustafayasinsenturk]

The only advantage of Monero was the cpu mining. Since mining is not profitable, I do not think it will come to old prices.

[aemma]

Although it's been long I checked on Monero, but one thing worth knowing is that, every platform that keeps advancing will always be valuable. If Monero team is still working hard to maintain their aims and objectives, then the price of Monero will keep growing, although might not reach that target but will show signs of serious growth.

[irixo10]

Comparing this target with the current price its hard to believe the coin will reach that target before the year ends. I think the pressing question should be what's the latest developments within the platform that can spike a good growth of the coin?
Investors like to see a project progressing and only then, can they invest.  So the rise in price of Monero depends to an extent on the team.

[Teawhalee]

This price is achievable but might not be 2019. No matter how limited a coin supply might be , it’s use cases and products importation are part of what will drive the price up except you are expecting a sudden pump which is not sustainable.

[Febo]

The only advantage of Monero was the cpu mining. Since mining is not profitable, I do not think it will come to old prices.

Mining is just securing the network. The only real advantage of Monero is that is fungible, like any money should be.   Mining of teh one with higher electricity cost will always be less profitable no matter what kind of mining it is.  With RandomX, for what was just collected $100k for an audit from 3 different groups :https://ccs.getmonero.org/proposals/RandomX-audit.html  there is a hope to forever or at least long time prevent ASIC from appearing on Monero network. We will see. What is sure is that Monero is always on top of everything that happens. Monero pushes barriers further. And do it as it should be done. It happened so with bulletproofs and now with RandomX.

[ukloon]

It is not unrealistic for monero to reach $500 but i doubt it will happen this year. The real bull run will happen next year when bitcoin does it's routine halving. At that point, when everything goes crazy, monero will go past $500 easily

[moon sorcerers]

maybe monero can reach the price of $ 500 in the future, but to reach the price of $ 500 this year it seems impossible, the price of monero
is very far from that price target, it takes a long time and the team from monero must work hard to develop in order to reach prices $ 500

[wdnj]

MONERO is a good coin with much reputation.
But this one will reach the 500 USD and theres no doubt if and only IF BTC reached the 15,000 USD.
This is just a prediction for me, but i hope it reaches good price as i have some monero too.

[chocopapaya]

Although availability can lead to increased prices, I think the #1 reason Monero can reach $500 is because it's awesome.
There's a reason it has survived all these years and beat out all the other 100s of privacy coins.
It's simply the best.
On top of that, the monero blockchain has had stable and consistent devlopment.
It's never had to go through contentious forks like btc because the community backing it is so strong.

And now, it is the privacy coin of choice for just about everything.
So going to $500 is certainly possible.
After all, the best performing coins have shown that there is no limit to how high they can go.

[mackstuart]

Monero coin is a very promising cryptocurrency, the project team is very strong, and the community is quite large, I think that Monero reach the mark of $ 500 this year!

[Moeda]

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?

The economic principle is indeed as you explained. The higher the demand, the more expensive the price. Likewise with Monero, the rest of their supply is running low, the number of cryptocurrency users is increasing every day. Of course the price of coins will increase. But sometimes we are just a tiori, not taking advantage of the opportunities. A simple example is if we buy Bitcoin or any coin in 2018, then in 2019 we become part of a billionaire.

[Leema]

Monero is a privacy coin that uses Ring Confidential Transactions Technology, there are a lot of competition out there with the same ringct technology, the chances monero reaches $500 is not certain, expect team come up with an update.

[Galantin]

To be honest, I'm not interested in this coin yet. The fact of the matter is that I got acquainted with the Veil project. And I think he can get to Monroe in price.