Bitcoin and Monero are some of the most traded cryptocurrencies, and rightly so. Boasting unique features, they are undoubtedly trendsetters in the crypto-verse. Most crypto exchange platforms offer the BTC to XMR trading pair. In this article, we analyze BTC to XMR trading to give you a better understanding of this transaction.

Bitcoin and Monero: Brief Overview

Bitcoin is the #1 crypto and operates on a decentralized ledger technology — blockchain. Its primary function as a store of value arises from its limited supply of 21 million coins. This scarcity is programmed into its protocol, making it immune to inflationary pressures.

Monero (XMR) is an open-source, privacy-oriented cryptocurrency launched in 2014. Monero’s blockchain hides transaction details, such as participants’ identities and transaction amounts.

BTC and XMR have had their share of ups and downs, but 2024 holds much promise for these two cryptos. This is where prediction experts have come up with research-based price forecasts. These forecasts include industry leaders and lesser-known assets — GALA price prediction, for example. So be sure to check them out to be better informed about the market changes.

BTC Price Prediction

Bitcoin halving is expected in April, so experts have analyzed its impact on BTC’s price. Blockware Solutions anticipates a post-halving surge with a target of $400,000.

Looking at specific years, 2025 indicates a yearly high of $148,893. The 2026 Bitcoin price forecast suggests a high of $179,158.

Extending the outlook into 2030, Bitcoin’s price is expected to vary between $167,055 and $303,147. This presents potential upward movements.

XMR Price Prediction

The XMR price is projected to reach an average of $262.687 by the end of 2024. Rising inflation and regulatory actions might influence fluctuations, finding equilibrium around this average.

Considering bullish trends, XMR may trade at an average price above $355.844 by 2025. In 2026, Monero’s forecast suggests an average trading price of around $448.583 and may hit $834.787 by 2030.

Factors Influencing BTC and XMR Trades

Bitcoin and Monero have had to overcome various challenges in the past year to go through bullish and bearish sentiments to be where they are now. 

Market Dynamics

In 2023, Bitcoin, starting above $16,000. It surprised skeptics by rising steadily throughout the year, reaching a 12-month high of $45,000 in December. Bitcoin’s impressive journey reflects a 180% gain, showcasing its resilience amid global uncertainties.

Monero experienced a nearly 10% decrease following OKX’s decision to remove 20 trading pairs, including XMR. OKX stated that these crypto assets did not fulfill its listing criteria. As of this writing, XMR trading price had suffered a 6% price drop, making it the third asset with the highest losses during this period, according to CoinMarketCap.

Technical Analysis

Recently, Bitcoin’s dynamics have showcased a blend of bullish trends and nuanced fluctuations after the U.S. Federal Reserve meeting. Key indicators, such as RSI (51) and Stochastic (65), present a generally neutral stance. The CCI, dipping to -71, hints at a bearish undercurrent within the neutral zone.

Monero has been depreciating due to a reduced accumulation among traders. This is evident as key momentum indicators are below their respective center lines.

Regulatory Considerations

Investors have expressed concern about the potential delay in approving a Bitcoin ETF by the U.S. Securities and Exchange Commission, contrary to the expectations of many Bitcoin enthusiasts.

This uncertainty led to apprehension among short-term traders. It prompts them to unwind long positions, particularly given the rapid increase in leverage. Additionally, XMR seems to be facing an imminent threat of losing its liquidity and investors. This has been attributed to an increasing regulatory crackdown on financial privacy. 

BTC to XMR: Is It Time to Swap?

BTC to XMR is gaining much attention on crypto exchanges as a popular trading pair. The potential for high ROI looks realistic, with bullish market sentiment further supporting the trade. With both coins poised for significant upgrades this year, investors have a valid reason to shift their focus to this trading pair.