What will be the price of Monero within the next 5 years? Is it advisable to invest in Monero in the forthcoming years?

You can easily buy and sell Monero at its best possible rates from CoinSwitch.As a real-time cryptocurrency aggregator, CoinSwitch provides the real-time XMR price chart that enables its investors to evaluate the Monero price prediction based on the price graph and the current XMR value.

While other cryptocurrencies in circulation are actually pseudonymous, Monero is an anonymous cryptocurrency, which is why it has a gained a lot of traction and growth in recent months. With many users 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. The investment outlook for this cryptocurrency is also positive as it is decentralized and not owned by any single organization.

1-year Forecast: $391.299
3-year Forecast: $943.282
5-year Forecast: $1397.35

Should You Invest in Monero?
From an investment perspective, even if you personally do not require privacy and anonymity in your transactions, it is undeniable that a significant chunk of the world’s market desire it. This makes investing in Monero a fairly obvious decision.

Monero has been gaining wide acceptance in privacy-centric sectors - which also includes controversial platforms such as websites on the darknet. This raises some concerns around Monero’s acceptability in the long term and whether it’ll face regulatory hurdles. But on the other hand, it is also a sign of its prowess as a privacy-centric coin.

With many other mainstream brands also beginning to accept Monero, its future does look bright. Its developers have exhibited solid dedication to the project, with frequent updates and efforts to keep the network thriving and secure.

*Invest only that amount of money which you are willing to take up the risk from as the market is highly volatile.