In a crypto market lately dominated by the latest viral meme tokens, privacy coin Monero (XMR) — widely viewed as a “Dino coin” — has impressed investors with its bullish strength, prompting many to reconsider whether it remains an attractive investment.
Following its recent local bottom at $165 on April 7th, the XMR price has surged by more than 150%, reaching a 4-year resistance level at $420 in May.
The market-wide bearishness in late May resulted in a 25% decline to $313. However, Monero is emerging as one of the early top performers in June, already up by over 12% since its monthly open.
After a long wait, is Monero back to being one of the best cryptos to buy? XMR price predictions from prominent analysts remain cautiously optimistic.
Its newfound utility within the Bitcoin ecosystem, a renewed focus on privacy within crypto and upcoming major network milestones bode well for Monero.
However, it still faces tough competition from newer coins that can offer higher returns due to a smaller market cap.
Why Is Monero (XMR) Price Rising?
XMR is one of the top-performing crypto assets in early June, already up by more than 12% since its monthly open.
The Monero price is trading around $366 at press time, up by nearly 12% in the past 24 hours at a time when Bitcoin and Ethereum are in the red.
Stunningly, XMR is now trading just 30% below its all-time high, despite being regarded as a Dino coin. Meanwhile, Ethereum and Solana are trading 48% below their respective highs, which highlights Monero’s recent relative strength.
Experts believe that Monero is surging due to a renewed focus on privacy within the crypto market. Being the top privacy coin, analysts are calling Monero the de facto privacy layer of Bitcoin and Ethereum, especially after the launch of its atomic swaps.
Atomic swaps are trustless, peer-to-peer exchanges that let users trade XMR with other cryptocurrencies like Bitcoin without centralized intermediaries.
Given Monero’s untraceable nature, atomic swaps allow Bitcoin holders to privately convert BTC into XMR without sacrificing anonymity.
Recently, prominent crypto analyst ZachXBT highlighted how hackers used Monero to launder $330 million in stolen Bitcoin, which caused the BTC price to spike by 50%.
However, hackers remain a very small subset of Monero’s users. Miners, large whales, and early BTC investors are all reportedly using XMR for privacy and anonymity, which could make it an excellent beta play on Bitcoin.
Additionally, several upcoming major network milestones — including OPSEAD, Bulletproofs++, Moneord Rust Implementation, and Full-Chain Membership Proofs — have also improved its upside prospects.
XMR Price Prediction — Is Monero Still An Attractive Buy?
The Monero price is surging in early June and has already breached the $333 resistance after closing below it last month.
A weekly close above it would likely confirm the bullish trend and result in a rally to the key $420 resistance level.
XMR’s monthly RSI — Relative Strength Index — has already reached the oversold level, which is typically considered a bearish signal.
However, there is no bearish divergence yet in the daily or weekly timeframe, which signals a strong possibility of a bullish continuation.
Prominent analyst Solberg Invest anticipates that the Monero price will hit a new all-time high of $580 in the coming months, which would mean nearly 60% returns on investment for investors buying today.
Quietly, Monero has reestablished itself as one of the best cryptos to buy, deserving a spot in every serious investor’s portfolio. However, sidelined investors may still want to prioritize higher allocations to trend-driven sectors like meme coins and AI agent tokens for outsized short-term upside.
These Top Crypto Investments Can 10x In 2025
XMR’s high market capitalization — $6.77 billion at press time — means limited returns.
While it appears to be an attractive investment, low-cap assets in the in-demand sectors like memes and AI can simply deliver much higher returns.
For investment, a new Ethereum-based AI coin, MIND of Pepe (MIND), is creating tremendous buzz just hours before its launch on exchanges.
The new AI agent coin has raised over $12.3 million in its presale, recording several six-figure investments from deep-pocketed whales.
Retail investors are buying MIND for priority access to the AI agent’s cutting-edge crypto market alpha and insights. On the contrary, smart money investors are excited about simply buying an AI agent coin early, considering these tend to reach multimillion-dollar investments.
Several analysts have already called MIND of Pepe the next 100x crypto.
Similarly, a new Bitcoin-themed meme coin, BTC Bull (BTCBULL), is in high demand during its presale, having already raised nearly $7 million in short order. The fact that its presale is ending in just a month is resulting in significant FOMO.
BTCBULL is a meme coin built around one of the most unique and unconventional concepts in the space. As the Bitcoin price hits major price milestones — $125k, $150k and so on — BTCBULL holders will benefit from free Bitcoin airdrops, BTCBULL airdrops and token burn events.
Considering the strong demand for free BTC, BTCBULL is already being viewed by experts as one of the top crypto investments, with many eyeing upwards of 10x returns from it.
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