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Monero, like Ripple, are the coins that have failed to live up to expectations the most. After all, what a glorious start it had. During the first bull season, the XMR coin was able to rise in price from $2 in 2016 to $542 in 2018. Unfortunately for many, this was its record. The XMR coin did not reach such peaks again. It only fell for the next 3 years. Its minimum was recorded at around $30. But then 2021 came, and with it the next bull season.
This time, XMR was able to reach the $470 mark. Which, of course, is also very good. Investors were eagerly awaiting what its price would be during the next bull season. They were completely disappointed. It all started with the coin being thrown out of trading by many exchanges. This was the first strong blow.
After that, investors began to abandon it en masse. As a result, XMR simply missed the 2024 bull season. XMR spent the entire year in the $120-$170 range, despite the fact that the entire market grew strongly. In March 2024, when Bitcoin set its next maximum, reaching $73,000, Monero, on the contrary, fell from $170 to $130.
Based on the trend, we can predict the following: when Bitcoin rises in price to $100,000, Monero, at best, will remain at the same price. And at worst, it will get even cheaper. Buying Monero in order to hold it for a long time makes no sense.