Monero (XMR) Historical Price and Profit Analysis: Should I Buy Monero Now?

Abstract

This article comprehensively reviews Monero’s historical prices and market fluctuations since its inception, combining data from bull and bear market phases to evaluate potential returns for investors purchasing 10 XMR coins. It aims to answer the crucial question, “Should I buy Monero now?” helping both newcomers and long-term investors grasp the timing of investment and growth potential.

Bull Market Inception and Early Market Cycles: Historical Price Review (2014 to 2017)

Monero (XMR) was created in April 2014 as an open-source cryptocurrency. According to CoinMarketCap records, its early trading price was approximately $2.47.

Here’s how Monero’s price changed during the initial bull market phase:

2014

• Opening price: $2.47
• Closing price: $0.42633429
• Highest price: $5.01
• Lowest price: $0.31438665
• Annual return: -82.77%

2015

• Opening price: $0.46618152
• Closing price: $0.46535633
• Highest price: $1.0
• Lowest price: $0.21617665
• Annual return: -0.18%

2016

• Opening price: $0.51245953
• Closing price: $13.85
• Highest price: $14.13
• Lowest price: $0.42871431
• Annual return: 2601.84%

2017

• Opening price: $13.62
• Closing price: $353.52
• Highest price: $483.35
• Lowest price: $10.6
• Annual return: 2496.02%

An investor who purchased 10 Monero during the early bull market phase in 2014 would have a potential profit of $1488.06 if sold today.

Bear Market Adjustment and Mid-term Market Cycles: Profit and Risk Analysis (2018 to 2020)

During this period, Monero’s price experienced significant volatility, influenced by various market factors.

Here are the potential returns for investors who purchased 10 Monero during the bear market or consolidation phase:

• 2018: -$2058.99637594
• 2019: $1047.34
• 2020: $1066.94

Recent Market Cycles: Should I Buy Monero Now? (2021 to Present)

In recent years, Monero has shown both upward and downward trends, sparking discussions about whether we’ve entered a new bull market or are still in a bear phase.

2021

• Opening price: $156.72
• Closing price: $225.18
• Highest price: $479.61
• Lowest price: $125.84
• Annual return: 43.68%

2022

• Opening price: $228.93
• Closing price: $147.18
• Highest price: $278.52
• Lowest price: $104.39
• Annual return: -35.71%

2023

• Opening price: $148.44
• Closing price: $164.97
• Highest price: $186.17
• Lowest price: $133.89
• Annual return: 11.14%

2024

• Opening price: $169.52
• Closing price: $151.28
• Highest price: $180.55
• Lowest price: $109.33
• Annual return: -10.76%

Potential returns for investors purchasing 10 Monero during this period:

• 2021: -$54.4045288
• 2022: -$776.48683394
• 2023: $28.4
• 2024-present: -$182.4

Conclusion: Bull Market, Bear Market, and Investment Timing Analysis

Through the analysis of Monero’s historical prices and potential returns, we can observe long-term growth trends, helping investors assess whether the current phase is still suitable for positioning and answering the key question, “Should I buy Monero now?”