There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.
Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.
Similarly, it can be predicted that the more finite Monero will become as a cryptocurrency, the more likely it is for the prices of Monero to shoot up.
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Monero Price PredictionNow Let me know what you guys think about it? Will Monero Reach $500 in 2019?
This kind of statistics in the crypto ecosystem does not really guarantee that there will be an increase in the market value of a particular crypto coin. Considering the current state of the crypto market, there is no chance that the price of Monero reaching $500 at the end of 2019. The possible price of Monero can attain at the end of 2019 will be between $90 and $100.