The privacy coin has a massive user base- but the market cap has not kept up. This analyst predicts that it’s ready to go to the (dark side of the) Moon, and soon.
Monero (XMR) is the world’s top privacy coin- a cryptocurrency that can be used without leaving behind a trace. Initially released over 10 years ago, it has stood the test of time… through intense testing and major government attempts to deanonymize its users, it remains a functional way to use crypto in an totally anonymous way.
All signs point to Crypto being in the early stages of a massive bull run. Bitcoin has reached an all time high, and many alt coins are joining it. Yet for a number of reasons, Monero’s price has thus far stayed level. Despite consistently being in the top 15 or 20 most used coins, it is barely in the top 50 by market cap (the total value of all available coins).
Monero’s key strength is also the reason it’s been hamstrung
Monero’s advanced cryptographic techniques, including ring signatures and stealth addresses, ensure unparalleled transaction anonymity. Unlike Bitcoin, where transaction histories are publicly visible, Monero’s transactions are fully obfuscated. This makes it highly valued for use cases requiring privacy, akin to digital cash. The coin’s fungibility—where one unit is indistinguishable from another—enhances its appeal over rivals like Zcash, which only offers selective transparency. This is what makes it appealing to those of us who value our privacy. Unfortunately it also leads to people using it for crime; mainly ransomwear, illegal drugs, and money laundering. It’s with that in mind that major crypto exchanges have de-listed Monero, and even lead to the shuttering of LocalMonero and Agoradesk, once major onramps for the token.
While Monero has faced regulatory scrutiny and delisting from some major exchanges, the recent rally demonstrates resilience. New integrations, such as Monero invoicing support on platforms like BTCPay Server, signal growing adoption in private commerce. If privacy concerns continue to dominate financial discourse, Monero’s relevance could expand despite regulatory challenges
Short Term Projections
Monero’s strong fundamentals, heightened interest in financial privacy, and projected price growth present a compelling case for investment. As one of the few crypto tokens with real world use cases, it is likely to avoid loses other alt coins may face. My personal analysis, and that of experts I have consulted, estimate Monero could easily reach $500 and beyond in early 2025.
However, as with all cryptocurrencies, price volatility and regulatory factors pose risks. Potential investors should conduct due diligence and consider both the opportunities and challenges of privacy coin investments.
For a deeper dive into Monero’s price trends and projections, follow our news section and Monero forum.
Trevor Baaddi
December 01, 204