As the 13th-largest cryptocurrency according to CoinMarketCap, Monero is one of the cryptocurrencies to watch. Monero, or XMR, is incredibly popular but before investing in it, you should take the time to familiarize yourself with some of the Monero’s price history.
To put everything in perspective, consider that at the time of writing, CoinMarketCap listed Monero’s price at $51.53 USD or 0.01252225 BTC. Currently, the 24-hour volume is $17.1 million USD with a market cap of $858.5 million and a circulating supply of 16.7 million XMR.
Early Price Fluctuations
The Monero price history begins in May 2014. The early history of XMR is actually fairly turbulent, especially if you look at it in comparison to the longer history. On May 20, 2014, XMR began being charted at $2.47 and it quickly spiked up to $4.01 by May 24. This spike was short-lived and likely due to initial excitement as by June 6, XMR was back down to $1.29, with the occasional rise mixed in with the steady drop.
From there, XMR continued its volatility, reaching a high of $5.17 by June 21, before dropping to $2.34 by July 2 and going back to $2.66 the following day. From there, XMR hit a low of $1.56 on July 13 before rising to $3.24 on July 17. At this point, Monero experienced a decline to $1.43 by Aug. 19 before a small increase to $2.55 by Aug. 30. At this point, XMR dropped down to just $0.862 by Oct. 5 before rising slightly, then going down to $0.33 on Dec. 20 and $0.246 on Jan. 18.
Mostly Steady Throughout 2015
Moving into 2015, Monero fluctuated slightly but remained at a more or less steady price. The USD price was $0.45 on Jan. 1, 2015, got up to $1.00 on April 1, dropped slightly before hitting $0.73 on Aug. 7, and ended the year at $0.47 on Dec. 31.
Although the USD price of XMR was fairly steady throughout 2015, those interested in its relation to the price of BTC will see some noteworthy points. The Jan. 1 price of XMR was 0.001389 BTC but by April 1, it had climbed to 0.004042 BTC. This was short-lived, with the price going back to 0.00195 BTC and staying more or less in that range throughout the year.
A Slow Rise in Early 2016
Focusing once again on the Monero price history in dollars, it experienced a slow but steady rise in the first half of 2016. Jan. 1 saw it at $0.473 and by Aug. 19, it was at $2.34. During this time, the rise in value was mostly steady, with just the occasional blip.
The Peak in 2016
Those who invested in Monero in early to early-mid 2016 saw great returns as this steady rise in value was followed by a sharp peak. As is typically the case with cryptocurrencies, the lead-up to the peak saw sharp rises in value with an occasional small dip along the way. High points at this time included reaching $4.92 on Aug. 23, 2016, $9.34 on Aug. 29, and finally hitting $13.38 on Sep. 3.
The Adjustment and Another Steady Rise
Following such a sharp increase in the value of XMR, it makes logical sense that it leveled back out. By later on Sep. 3, XMR was already back down to $11.56 before going back up to $13.92 on Sep. 5, it’s then all-time high. From there, Monero dropped slowly, hitting $4.56 on Nov. 1, 2016. At this point, it rose steadily yet slowly, hitting a new all-time high of $15.42 on Jan. 3, 2017. There was then a small dip down to $11.90 on Feb. 26.
At this point, XMR went on yet another increase in value, making this another prime opportunity for investors of the time. By March 22, 2017, it was at $21.55 and by May 7, it was at $29.56. There was a valley on May 16 at $27.27 followed by a peak on May 24 at $56.47. From here, the price fluctuated a bit, remaining between $55 and $35, or so. That remained the case until around Aug. 17, when XMR would get ready for another price increase.
Late 2017 and Early 2018 All-Time High and the Lead-Up
Starting at $53.79 on Aug. 19, 2017, Monero hit $87.90 on Aug. 22 before dropping briefly and then rising to $144.88 by Sep. 1. This was followed by an adjustment, with XMR going back down to $87.12 on Nov. 4. Anyone who had Monero at this point, however, made a substantial profit due to what was to come next.
XMR had a sharp rise with a few dips along the way. Notable peaks on XMR’s way to its all-time high include $205.43 on Nov. 29, 2017, $314.89 on Dec. 6, $327.15 on Dec. 13, and $451.19 on Dec. 21. All of those were new all-time highs for XMR and they were followed by small drops. That last peak came before extreme fluctuations, including $260.79 on Dec. 22, $410.01 on Dec. 23, $317.54 on Dec. 24, $411.60 on Dec. 27, $338 on Dec. 30, and $399.96 on Jan. 3.
Those who held onto XMR during that volatile time saw it reach $470.76 on Jan. 7, 2018. This was and remains the all-time high.
There were some bumps along the way during Monero’s adjustment period. These included valleys at $277.86 on Jan. 17 and $179.71 on Feb. 6 followed by a peak at $369.76 on March 5. Monero has not since been at that level again. Following a drop, Monero went back up to $294.82 by April 24. At this point, Monero declined all the way to $125.97 by June 27. There was a short-lived rise to $145.03 by July 18, followed by a drop to $81.12 on Aug. 14.
Sep. 4 saw Monero get back up to $135.62, the most recent time it was at this point. From there, it remained between around $105 and $120 until Nov. 5, when XMR was at $109.77.
The most recent price history of Monero is much less exciting. Following mid-November, Monero has mostly dropped, reaching $66.20 on Nov. 20 before rising slightly. There were some fluctuations in late November, but XMR spent some time in the range of $50s before going back up to $64.89 on Nov. 28. From there, it declined steadily, hitting $38.48 on Dec. 15 before rising slightly. At the time of writing, late December 2018 has seen Monero fluctuating around $38 to $50.