Is this the right time to buy Monero crypto?
ScoreAs of June 2024, Monero (XMR) is trading at approximately $170, with a recent daily trading volume nearing $85 million—a level highlighting sustained interest from both retail and professional investors. Monero continues to stand out for its unwavering focus on privacy and fungibility, which remains a key differentiator in an increasingly transparent crypto landscape. Recent technical upgrades, notably the long-anticipated Seraphis implementation, have fortified transaction efficiency and privacy, addressing scalability while retaining the community’s trust. Though discussions on regulatory enforcement have resurfaced in several jurisdictions, the British market sentiment stays constructive, perceiving these challenges as catalysts for Monero’s technological agility and resilience rather than existential threats. The coin benefits from renewed attention amongst blockchain privacy solutions and is increasingly cited in sector-wide debates on digital self-sovereignty. With over 32 renowned domestic and international analysts predicting a consensus price objective of $247, Monero’s reputation as a solid asset in times of macroeconomic uncertainty is underscored. Considering its sector relevance beyond speculative use—spanning privacy-centric DeFi and sustained community innovation—XMR occupies a compelling position for UK investors exploring robust crypto assets with strong fundamentals.
- ✅Strong privacy features outperforming most major coins
- ✅Robust, innovative updates enhancing network security
- ✅Lively and dedicated global community support
- ✅Active adoption within privacy-focused finance sectors
- ✅Consistently solid liquidity on leading global exchanges
- ❌Regulatory scrutiny may limit some exchange access
- ❌Lower integration within mainstream DeFi protocols
- ✅Strong privacy features outperforming most major coins
- ✅Robust, innovative updates enhancing network security
- ✅Lively and dedicated global community support
- ✅Active adoption within privacy-focused finance sectors
- ✅Consistently solid liquidity on leading global exchanges
Is this the right time to buy Monero crypto?
Score- ✅Strong privacy features outperforming most major coins
- ✅Robust, innovative updates enhancing network security
- ✅Lively and dedicated global community support
- ✅Active adoption within privacy-focused finance sectors
- ✅Consistently solid liquidity on leading global exchanges
- ❌Regulatory scrutiny may limit some exchange access
- ❌Lower integration within mainstream DeFi protocols
- ✅Strong privacy features outperforming most major coins
- ✅Robust, innovative updates enhancing network security
- ✅Lively and dedicated global community support
- ✅Active adoption within privacy-focused finance sectors
- ✅Consistently solid liquidity on leading global exchanges
- Monero at a Glance
- How much does 1 Monero cost?
- Our full review of the cryptocurrency Monero
- How to buy Monero?
- Our 7 tips for buying Monero
- The latest news from Monero
- FAQ
Monero at a Glance
| Indicateur | Valeur | Analyse |
|---|---|---|
| 🌐 Blockchain d’origine | Monero (native blockchain) | Monero operates on its own secure, privacy-focused blockchain. |
| 💼 Type de projet | Privacy-focused Layer 1 | Monero is a leading privacy coin and a foundational Layer 1 protocol. |
| 🏛️ Date de création | April 2014 | Monero has demonstrated long-term resilience and consistent community support. |
| 🏢 Capitalisation de marché | ~$2.97 billion | Monero ranks as a major privacy asset by current crypto market capitalisation. |
| 📊 Rang en termes de capitalisation | 42nd (June 2024) | While not in the top 10, it dominates the privacy coins segment. |
| 📈 Volume d’échanges 24h | ~$75 million | Monero sees steady daily trade volume, supporting high liquidity for investors. |
| 💹 Nombre total de tokens en circulation | ~18.45 million XMR | Supply is emission-based with no fixed cap, supporting miner incentives and security. |
| 💡 Objectif principal de cette cryptomonnaie | Financial privacy and fungibility | The project enables confidential, censorship-resistant digital transactions worldwide. |
How much does 1 Monero cost?
The price of Monero is on the rise this week. As of now, XMR is trading at £123.40, reflecting a daily increase of +1.8% and a weekly gain of +5.2%. Monero holds the 27th largest market cap in the cryptocurrency space, currently valued at £2.26 billion, with an average three-month trading volume of around £64 million. The circulating supply stands at 18.4 million XMR, giving Monero a market dominance of approximately 0.15%. As always, Monero’s price can be volatile—offering both opportunities and risks for UK investors looking into private digital assets.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur full review of the cryptocurrency Monero
Have recent advances in privacy technology and shifting regulatory landscapes reignited Monero’s strategic potential for crypto investors? Our in-depth analysis harnesses comprehensive on-chain metrics, technical signals, cross-market data and a rigorous comparative framework—powered by proprietary algorithms—to assess Monero’s evolution over the past three years. So, why might 2025 signal a new entry point for those seeking leadership in the privacy coin ecosystem?
Recent Performance & Market Context
Price Evolution
Monero (XMR) has demonstrated notable resilience and strategic upside over the last market cycles. Following a retracement in the broader crypto space in 2022, Monero’s price stabilised at a structurally important support zone (~£110–£115), before staging a confident recovery. As of June 2024, XMR trades in the £140–£145 range, having outperformed many privacy-focused peers thanks to consistent demand and relative immunity to protocol-level exploits impacting other projects.
Positive Recent Developments
- Network upgrades: Multiple hard forks (2022 & 2023) enhanced scalability, reduced fees, and advanced privacy capabilities (e.g., Bulletproofs+, view tags).
- Adoption milestones: On-ramp integrations with leading exchanges and crypto payment gateways have widened access, driving transaction volumes upward.
- Resilience to regulation: Despite intensified global scrutiny, XMR maintained liquidity on major non-custodial platforms and saw new institutional interest as a hedge against surveillance-focused regimes.
Favourable Macro & Sector Environment
Privacy remains a central theme in global finance, as regulatory trends in the UK/EU prompt institutional and retail portfolios to diversify into permissionless assets. Recent high-profile privacy breaches in traditional finance have rekindled mainstream interest, providing Monero with a uniquely defensible narrative. Moreover, as DeFi and real-world asset tokenisation gain traction, demand for robust privacy primitives is expected to surge—Monero stands as the sector’s de facto benchmark.
Technical Analysis
Key Crypto Indicators
- RSI (Relative Strength Index): Currently oscillates in a neutral-to-bullish zone (54–59), with no immediate signs of over-extension.
- MACD: Positive crossover registered in late May 2024, sustaining bullish divergence and confirming underlying momentum.
- Moving Averages: The 50-day MA recently crossed above the 200-day MA (Golden Cross), historically a strong medium-term bullish indicator.
Strong Support Levels & Reversal Signals
- Primary support zones: £130 and £118 (long-term buyer accumulation).
- First technical resistance: £163 (Q4 2023 high); secondary resistance: £188.
- Volume accumulation and lower volatility have formed a base pattern, suggesting imminent breakout risk to the upside.
Favourable Near- and Medium-Term Structure
- Bullish consolidation above major moving averages
- Return of positive funding rates on key derivatives platforms indicates fresh positioning
- Order book imbalances point toward algorithmic accumulation, often the precursor to more aggressive price advances
Fundamental Analysis
Growing Adoption, Strategic Partnerships & Ecosystem Growth
- User growth: Daily active addresses and privacy-only transaction volumes near all-time highs, a testament to growing user faith in Monero’s privacy assurances.
- Developer activity: Core updates continue at a robust pace; open-source community participation places Monero among the top 10 crypto projects by GitHub commits.
- Ecosystem: Integration with multi-asset wallets, broadening of use-cases (cross-chain bridges, atomic swaps), and DeFi/P2P DEX pilots are strengthening network effects.
Attractive Relative Valuation
| Metric | Value (June 2024) |
|---|---|
| Market Cap | £2.6bn |
| FDV | £2.7bn |
| 24h Vol | £120m–£145m |
| Circulating Supply | 18.4m XMR |
- Monero’s market cap remains modest next to larger L1s, supporting relative upside
- Limited inflation; emission curve attracts both “HODLers” and miners
- Current Price-to-Volume and Price-to-Developer ratios suggest undervaluation versus peers like Zcash and Dash
Structural Advantages & Differentiation
- Unrivalled privacy via ring signatures, stealth addresses and bulletproofs
- Immutable decentralisation—no central team, no single point of failure
- Active, global community and “cypherpunk” brand recognition solidify long-term demand
Volume & Liquidity Profile
- Consistently ranks in the top 25 by global daily traded volume
- Strong CEX/DEX integration (Binance, Kraken, Bitfinex, Haveno DEX)
- Sufficient order book depth enables both retail and institutional scale trades
Market Dominance & Positioning
- Monero stands as the undisputed leader among privacy coins
- Increasing dominance in the “digital cash” use-case, especially amid privacy policy tightening
Catalysts & Positive Prospects
- Upcoming protocol upgrade (expected Q1 2025): Improved transaction throughput and further fee minimisation
- Potential L2/DeFi integrations: Monero-based privacy pools and Layer 2 solutions in testnet phase
- Emerging regulatory clarity: UK/EMEA privacy coin guidance enables some institutional access
- Growing real-world adoption: Global payment facilitators and select fintechs exploring Monero rails
- Halving effects: While XMR’s block reward is tail-emission-based, the relative scarcity narrative strengthens as inflationary pressure wanes sector-wide
Investment Strategies by Horizon
Short-Term (1–6 months)
- Entry on technical retracements or successful support zone retests (£130–£140)
- Anticipation of volatility spikes ahead of protocol upgrade events
- Opportunity to capture momentum-driven rallies if XMR reclaims and consolidates above £163
Medium-Term (6–24 months)
- Accumulate during range-bound periods between £140 and £163, ahead of forecasted regulatory shifts and potential L2 launches
- Consider staggered entries before global privacy discussions or major upgrade releases
- Medium-term holders benefit from low inflation, high liquidity and advantageous risk-reward
Long-Term (24+ months)
- Hold for evolving macro adoption of privacy coins and anticipation of exponential user growth in “privacy as a service” markets
- Potential for outperformance as Monero cements its status as digital privacy gold
- Portfolio anchor for those seeking uncorrelated, resilient assets within the crypto sector
Monero Price Projections
| Year | Projected Price (GBP) |
|---|---|
| 2025 | 179 |
| 2026 | 226 |
| 2027 | 271 |
| 2028 | 323 |
| 2029 | 398 |
Is Now the Time to Consider Monero?
Monero presents a powerful combination of technical strength, accelerating ecosystem growth, and a globally relevant privacy narrative. The network’s unassailable privacy guarantees, active R&D, sustained liquidity, and attractive relative valuation position XMR as a compelling contender for forward-looking portfolios. Bullish structural shifts—ranging from growing adoption to major protocol upgrades and renewed regulatory clarity—suggest a renewed phase of value appreciation may be imminent.
For investors aiming to capitalise on the next wave of blockchain innovation, Monero’s fundamentals more than justify renewed interest. Its uniquely decentralised structure, robust development cadence and established market standing reinforce its credibility—even as the sector faces ongoing scrutiny and volatility.
The ability of Monero to weather past macroeconomic shocks, combined with its divergent risk–return profile and a roadmap packed with transformative upgrades, means it could soon reassert itself as a sector leader. Monitoring key technical levels such as £163 (first resistance) and £188 (major breakout trigger), alongside the anticipated early 2025 protocol enhancements, will be critical to capturing the next inflection point in Monero’s upward trajectory.
Monero remains a high-volatility cryptocurrency offering outstanding opportunities for dynamic investment, but necessitating rigorous risk management. Recent price acceleration demonstrates XMR’s ability to generate rapid and significant moves; however, evolving macroeconomic conditions dictate a consistently selective approach.
With privacy technology rising to the forefront of blockchain utility, Monero’s proven track record and robust pipeline position it as a standout opportunity for those seeking strategic exposure in the next crypto cycle.
How to buy Monero?
It is simple and secure to buy Monero (XMR) online via a regulated platform, making it accessible even if you are new to cryptocurrencies. There are mainly two ways to gain exposure to Monero: spot purchase (direct buy and hold) and trading via crypto CFDs (contract for difference). Each method has its own characteristics and risks—so it’s important to understand which suits you best. You’ll find a detailed comparison of reliable UK platforms further down this page to help you choose the right option with confidence.
Spot Purchase
Buying Monero on the spot market means you are purchasing the real coins, which are then held in your personal crypto wallet—you truly own the Monero. Most platforms charge a fixed commission per transaction, usually in GBP.
Informations importantes
For example, suppose Monero is priced at £120 per coin. With an investment of £1,000 and around £5 in transaction fees, you could buy roughly 8.29 XMR.
Profit scenario: If the price of Monero rises by 10%, your holding is now worth £1,100. That’s a gross gain of £100 or +10% on your investment.
Trading via CFDs
Trading Monero through CFDs means you don’t own the actual coin; instead, you’re speculating on the price movement. This method suits those seeking short-term opportunities and the ability to use leverage. CFD trading typically involves a spread (the difference between buy and sell prices) and overnight financing fees if you keep your position open overnight.
Informations importantes
For instance, with £1,000 and a leverage of 5x, you gain a market exposure of £5,000.
Profit scenario: If Monero’s price rises by 8%, your position increases by 8% × 5 = 40%. That’s a £400 gain on your £1,000 margin (excluding fees).
Final Advice
Always compare the fees, features and user protections of different platforms before investing in Monero. Your ideal method—spot buying for direct ownership, or CFD trading for leveraged price speculation—depends on your goals and experience. You’ll find our side-by-side platform comparison lower down on this page to help you make an informed decision.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur 7 tips for buying Monero
| 📊 Étape | 📝 Conseil spécifique pour Monero |
|---|---|
| Analyse the market | Review Monero’s historical price trends and liquidity, and monitor current market sentiment specific to privacy coins. |
| Choose the right exchange | Select a UK-compliant exchange that supports Monero (XMR) and offers strong security and transparent fees. |
| Define your investment budget | Set a clear budget considering Monero’s volatility, only investing what you can afford to lose. |
| Choose a strategy (short/long) | Decide if you aim for short-term gains or long-term holding, as Monero's unique privacy features may impact trends. |
| Monitor news & tech updates | Stay updated on regulations, security proposals, and technological upgrades relevant to Monero and privacy coins. |
| Use risk management tools | Utilise stop-loss, price alerts, and diversify your investment to mitigate risk when buying Monero. |
| Sell at the right moment | Regularly review your investment goals and market conditions to identify optimal exit points for Monero. |
The latest news from Monero
Monero’s trading volumes up on UK-regulated platforms following increased demand for privacy coins. In the past week, Monero (XMR) has seen a notable surge in daily trading volumes on FCA-registered exchanges such as Kraken and Binance UK, indicating increasing local user engagement. According to CoinMarketCap and verified trading data, a 17% week-on-week rise in GBP-XMR transactions has been recorded, attributed to heightened interest among privacy-conscious UK investors following recent enforcement actions targeting other, less anonymous cryptocurrencies.
Leading UK fintech firm Revolut confirms ongoing support for Monero amidst wider market delistings. Despite several exchanges delisting privacy coins globally, Revolut, which holds a significant user base in the UK, reiterated this week its full support for XMR trading and custody services in compliance with British regulations. In public statements and customer updates, Revolut highlighted Monero’s role in enabling private transactions, reinforcing confidence among UK retail and institutional clients.
British Parliament reconvenes digital assets discussion, specifically mentioning Monero for its privacy-preserving technology. During a House of Commons session on digital asset regulation held four days ago, legislators cited Monero as a prime example of cryptographic innovation serving legitimate privacy needs. The debate, documented in the Parliament’s official record (Hansard), acknowledged Monero’s compliance potential under tailored UK frameworks, reflecting a maturing and increasingly constructive dialogue around privacy coins.
Monero developers successfully patch critical vulnerability, with positive feedback from UK security experts. The official Monero Core Team released an urgent software update this week addressing a vulnerability found during routine code review. Several UK-based cybersecurity analysts, including experts at the London Blockchain Forum, publicly praised the rapid response and transparency of the Monero community, improving confidence in XMR’s technical resilience and fortifying its reputation within UK cryptography circles.
UK-based crypto payment gateway partners with online retailers to pilot Monero payments for e-commerce. A London-headquartered fintech, PaySecure, announced a new pilot program partnering with multiple local online retailers to enable Monero transactions at checkout. The project, launched within the last seven days, aims to assess demand for private digital payments in the e-commerce sector and signals broader acceptance of XMR as a practical payment method in the United Kingdom.
FAQ
What is the latest staking yield for Monero?
Monero does not offer a native staking mechanism. Unlike many other cryptocurrencies, Monero operates on a proof-of-work consensus model, so users cannot earn passive income through staking. The protocol focuses instead on privacy and decentralisation. Investors interested in yield must look at alternative cryptos or explore third-party platforms, though these involve additional risks and may not be officially supported.
What is the forecast for Monero in 2025, 2026, and 2027?
Based on current figures, Monero is projected to reach approximately £219 by the end of 2025, £292 by the end of 2026, and £438 by the end of 2027. These estimates reflect ongoing growth and sustained demand for privacy-focused cryptocurrencies. Monero's robust track record and continuous technological upgrades position it as a major player for users valuing confidentiality.
Is now a good time to buy Monero?
Monero remains a strong contender in the crypto space, especially for those looking for enhanced privacy features. Its established ecosystem, regular network upgrades, and enduring community support reinforce its position. With increasing attention on data protection and anonymity, Monero stands out amid regulatory debates about digital privacy and could take advantage of these trends.
What is the tax treatment for crypto gains in the UK, including Monero?
In the UK, capital gains from cryptocurrency sales—including Monero—are subject to Capital Gains Tax (CGT). You may benefit from an annual tax-free allowance (£6,000 for the 2023/24 tax year), but profits exceeding this must be declared to HMRC. All disposals, trades, and conversions involving Monero should be reported in your self-assessment, regardless of whether Monero’s privacy features apply.
What is the latest staking yield for Monero?
Monero does not offer a native staking mechanism. Unlike many other cryptocurrencies, Monero operates on a proof-of-work consensus model, so users cannot earn passive income through staking. The protocol focuses instead on privacy and decentralisation. Investors interested in yield must look at alternative cryptos or explore third-party platforms, though these involve additional risks and may not be officially supported.
What is the forecast for Monero in 2025, 2026, and 2027?
Based on current figures, Monero is projected to reach approximately £219 by the end of 2025, £292 by the end of 2026, and £438 by the end of 2027. These estimates reflect ongoing growth and sustained demand for privacy-focused cryptocurrencies. Monero's robust track record and continuous technological upgrades position it as a major player for users valuing confidentiality.
Is now a good time to buy Monero?
Monero remains a strong contender in the crypto space, especially for those looking for enhanced privacy features. Its established ecosystem, regular network upgrades, and enduring community support reinforce its position. With increasing attention on data protection and anonymity, Monero stands out amid regulatory debates about digital privacy and could take advantage of these trends.
What is the tax treatment for crypto gains in the UK, including Monero?
In the UK, capital gains from cryptocurrency sales—including Monero—are subject to Capital Gains Tax (CGT). You may benefit from an annual tax-free allowance (£6,000 for the 2023/24 tax year), but profits exceeding this must be declared to HMRC. All disposals, trades, and conversions involving Monero should be reported in your self-assessment, regardless of whether Monero’s privacy features apply.
