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About XMR

Monero (XMR) is a cryptocurrency launched in 2014. XMR has a current supply of 18.40M with 18.40M in circulation. The last known price of XMR is 138.57 USD and is -0.278065598533 over the last 24 hours. It is currently trading on active market(s) with $61.28M traded over the last 24 hours. More information can be found at https://www.getmonero.org/.

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XMR Price Statistics
XMR’s Price Today
24h Price Change
-$0.2780655985330.20%
24h Volume
$61.28M18.04%
24h Low / 24h High
$163.24 / $166.02
Volume / Market Cap
0.024027424698
Market Dominance
0.11%
Market Rank
#51
XMR Market Cap
Market Cap
$2.55Bn
Fully Diluted Market Cap
$2.55Bn
XMR Price History
7d Low / 7d High
$156.57 / $167.65
All-Time High
$517.62May 08, 2021
All-Time Low
$0.21296699Jan 15, 2015
XMR Supply
Circulating Supply
18.40M
Total Supply
18.40M
Max Supply
0
Updated Mar 01, 2024 10:21 pm
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XMR
Monero
$138.57
$0.278065598533(-0.20%)
Mkt Cap $2.55Bn
There's nothing here for now
Zcash Surges 30% Following Grayscale's Privacy-Centered ETF Filing
Zcash Surges 30% Following Grayscale's Privacy-Centered ETF Filing
According to CryptoPotato, Zcash (ZEC) experienced a 30% weekly increase after Grayscale filed a request for a privacy-centered ETF that tracks companies from that sector, including privacy coins, AI, data security, and more. Grayscale submitted a proposal to the SEC for a unique exchange-traded fund (ETF) focused on privacy and cybersecurity, the Grayscale Privacy ETF (PRVC), as revealed in the Form N-1A filing. The filing specifies that companies must derive more than 50% of their revenues from the outlined sub-themes to be considered for inclusion in the Index. Additionally, they must meet liquidity criteria and have a market capitalization of no less than $250 million, among other conditions. The ETF’s investment strategy, as indicated in the filing, will allocate 10% of its assets to Privacy-Preserving Protocols via the Grayscale Zcash Trust (ZCSH). ZCash operates on a decentralized, open-source network, enabling users to transact without revealing sensitive information, such as transaction parties. Privacy tokens have performed relatively well in the last seven days, with most of them seeing double-digit increases, according to data from CoinMarketCap. ZEC currently ranks fifth among the largest privacy tokens by market capitalization, trailing Oasis Network (ROSE), Worldcoin (WLD), Monero (XMR), and Internet Computer (ICP). Worldcoin has also seen explosive growth this week, surging 75%. The project recently hit a million users shortly after the launch of Sora, a new text-to-video tool that has gained popularity in the art and videography community. However, the scenario for privacy tokens is rife with heavy regulatory scrutiny and controversy, especially for AI-based projects like Worldcoin.
Feb 25, 2024 3:50 pm

Frequently Asked Questions

  • What Is Monero (XMR)?

    Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.

    The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.

    Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.

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  • Who Are the Founders of Monero?

    Seven developers were initially involved in creating Monero — five of whom decided to remain anonymous. There have been rumors that XMR was also invented by Satoshi Nakamoto, the inventor of Bitcoin.

    XMR’s origins can be traced back to Bytecoin, a privacy-focused and decentralized cryptocurrency that was launched in 2012. Two years later, a member of the Bitcointalk forum — only known as thankful_for_today — forked BCN’s codebase, and Monero was born. They had suggested “controversial changes” to Bytecoin that others in the community disagreed with and decided to take matters into their own hands.

    It’s believed that hundreds of developers have contributed to XMR over the years.

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  • What Makes Monero Private?

    Users shouldn't view all privacy cryptocurrencies as interchangeable or equivalent services because they don't all achieve privacy in the same way. For instance, XMR should be considered a technology that, when used properly, obscures user data on the blockchain, making it harder to identify its users.

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  • What Gives Monero Value?

    The secrecy and anonymity offered by Monero are what most users find valuable. It gives people the freedom to conduct cryptocurrency transactions anytime they want for any purpose without being concerned about being watched by the government, hackers or other outside parties. XMR coins cannot be traced, thus they cannot be blacklisted by businesses for alleged illicit connections.

    Investors who think that demand for privacy will rise in the future, raising the price and total market cap of XMR, may find value in Monero in addition to its use as a medium of exchange.

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  • What Makes Monero Unique?

    There are several things that make Monero unique. One of the project’s biggest aims is achieving the greatest level of decentralization possible, meaning that a user doesn’t need to trust anyone else on the network.

    Privacy is achieved through a few distinctive features. Whereas each Bitcoin in circulation has its own serial number, meaning that cryptocurrency usage can be monitored, XMR is completely fungible. By default, details about senders, recipients and the amount of crypto being transferred are obscured — and Monero advocates says this offers an upper hand over rival privacy coins such as Zcash, which are “selectively transparent.”

    Obfuscation is achieved through the use of ring signatures. Here, past transaction outputs are picked from the blockchain and act as decoys, meaning that outside observers can’t tell who signed it. If Ian was sending 200 XMR to Susan, this amount could also be split into random chunks to add a further level of difficulty.

    To ensure that transactions cannot be linked to one another, stealth addresses are created for every single transaction that are only used once.

    All of these distinctive features have led to XMR being increasingly used for illicit transactions instead of Bitcoin — especially on darknet markets. Governments around the world, especially the U.S., have also offered hundreds of thousands of dollars to anyone who can crack Monero’s code.

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  • How Many Monero (XMR) Coins Are There in Circulation?

    Monero is slightly unusual as a token sale wasn’t held for XMR — and no tokens were premined either. At the time of writing, the circulating supply of XMR stands at 18,188,773.23.

    This cryptocurrency is designed to be resistant to application-specific integrated circuits, which are commonly used for mining new Bitcoin. In theory, this means that it can be possible to mine XMR using everyday computing equipment.

    Overall, there will eventually be a total of 18.4 million XMR in circulation — and this cap is expected to be reached on May 31, 2022. After this, miners will be incentivized using “tail emissions,” with a small amount of XMR being fed into the system every 60 seconds as a reward. It is believed this approach is more effective than relying on transaction fees.

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  • How Is the Monero Network Secured?

    One of Monero’s main goals has to prevent centralization — and this network uses a consensus mechanism called CryptoNight, which is based on proof-of-work. This prevents large mining farms from becoming a dominant force.

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  • Where Can You Buy Monero (XMR)?

    Because of its nature as a privacy coin, XMR isn’t listed on some major exchanges. For example, although you can buy XMR on Binance, it isn’t supported by Coinbase. As a result, you may need to convert your fiat into Bitcoin and go through a smaller trading platform. This guide helps explain how you can convert fiat currencies into crypto with ease. As it’s use grows there has been increased interest in the XMR to AUD and XMR to EUR price pairs.

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  • What is the all-time high price of Monero (XMR)?

    The all-time high of XMR was 517.62 USD on 2021-05-08, from which the coin is now down 73.22939608206794%. The all-time high price of Monero (XMR) is 517.62. The current price of XMR is down 73.22939608206794% from its all-time high.

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  • How much Monero (XMR) is there in circulation?

    As of , there is currently 18.40M XMR in circulation. XMR has a maximum supply of 0.

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  • What is the market cap of Monero (XMR)?

    The current market cap of XMR is 2.55Bn. It is calculated by multiplying the current supply of XMR by its real-time market price of 138.57.

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  • What is the all-time low price of Monero (XMR)?

    The all-time low of XMR was 0.21296699 , from which the coin is now up 64966.421796166615%. The all-time low price of Monero (XMR) is 0.21296699. The current price of XMR is up 64966.421796166615% from its all-time low.

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  • Is Monero (XMR) a good investment?

    Monero (XMR) has a market capitalization of $2.55Bn and is ranked #51 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Monero (XMR) price trends and patterns to find the best time to purchase XMR.

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