Here’s How Much Your $1000 Investment in Monero Will Be Worth If XMR Reaches $30

Monero (XMR) is a peer-to-peer digital currency that focuses on privacy and anonymity. Monero seeks to conceal blockchain transactions in order to shield data from public scrutiny.

Monero is considered a more anonymous or privacy-oriented digital currency, as a transaction on its blockchain cannot be attributed to a specific user or real-world identity.

Monero’s Future Outlook

With a market cap of $2.6 billion, XMR is currently trading at $145.50. Its prices have increased by 0.66% in the last 7 days and by 5.58% in the last one month. However, it is currently down by 2.57% in the last 2 months, 3.45% in the last 3 months, and 41.88% year-to-date (YTD).

According to Coincodex, Monero (XMR) will reach $188.99 in the next one month. According to Wallet Investor’s AI analyst, Monero has a positive outlook. It predicts that XMR will be worth $296.575 in the next 5 years. According to Trading Beast’s price prediction, XMR will be worth $281.123 by 2025 (in the next 3 years).

Since XMR breached the $500 barrier earlier (XMR recorded an all-time high of $517.62 on May 07, 2021), it is very likely that XMR will cross the $300 mark in the next bull run.

Also Read: Here’s How Much Your $100 Investment in Uniswap Will Be Worth If UNI Reaches $40

How Much Money You Would Make if Monero (XMR) Reaches $300?

Let’s say you buy $100 worth of XMR today to hold for the long term. At the current price, which is $145.50, you will have approximately 0.68 XMR coins. If you sell these when XMR hits $300, your $100 investment will become $206.18, giving you a 2X or 106.10% return on investment (ROI).

If you invest $1000 in Monero today, you will get approximately 6.87 XMR coins. If liquidated at the price of $300, your $1,000 will be worth approximately $2061. Your ROI will be 106.10% and annualised ROI will be 19.82%.

It is important for anyone considering investing in XMR or in any other cryptocurrency to carefully research the asset, and understand the risks involved before making any investment decisions.

Disclaimer: This is not investment advice. DYOR

Also Read: Here’s How Much Your $100 Investment In Avalanche Will Be Worth If AVAX Reaches $100

Dhirendra is a writer, producer, and journalist who has worked in the media industry for more than 3 years. A technology enthusiast, a curious person who loves to research and know about things. When he is not working, you can find him reading and understanding the world through the lens of the Internet. Contact him at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.