Monero
XMR Price
Monero, launched in 2014, is a privacy-focused cryptocurrency with unique features like default anonymity and innovative technology... More
| Fully Diluted Valuation | $4.10B |
|---|---|
| 24H Trading Volume | $80.05M |
| 24H Low / High | $215.94 / $ 234.86 |
| Circulating Supply | 18.45 M |
| Total Supply | 18.45 M |
| Max Supply | 0.00 |
| Categories | Privacy 3 more |
|---|---|
| Explorer | block chain 7 more |
| Founder | Anonymous |
| Website | getmonero.org |
| Socials | |
| Chains | Monero Ecosystem |
| Exchange | Pair | OG Score | TBA | 24h Volume |
|---|
Monero (XMR) stands as a testament to the evolving landscape of cryptocurrencies since its launch in 2014. Rooted in the ethos of privacy and decentralization, Monero differentiates itself by providing users with default anonymity. This is achieved through innovative technologies such as Ring Signatures, Stealth Addresses, and Ring Confidential Transactions. The dynamic proof-of-work algorithm prevents centralization by thwarting the dominance of ASICs in mining. Monero's commitment to privacy extends to its unique features like one-time Stealth Addresses and the continuous evolution of its privacy-preserving capabilities. Notably, Monero has become a preferred choice for those seeking private and untraceable transactions, offering a valuable alternative to transparent blockchains like Bitcoin.
The origins of Monero trace back to a dedicated community of developers, with its code forked from Bytecoin in 2014. The team's emphasis on privacy, security, and ease of use has shaped Monero into a cryptocurrency that obscures user data on the blockchain, setting it apart from its peers. Monero's unique features, including fungibility, distinguish it from other privacy coins like Zcash. As a decentralized currency, Monero allows users to transact without the need for trust, embodying a vision for maximum decentralization. The cryptocurrency's value lies not just in its use as a medium of exchange but also in its potential as an investment, particularly for those anticipating a growing demand for privacy in the future.
Monero's versatility is highlighted by its mining options, offering enthusiasts the choice between solo mining, joining pools, or utilizing cloud mining services. Unlike Bitcoin, Monero's mining doesn't necessitate specialized hardware, allowing users to mine using their CPU or GPU. Mining pools like MineXMR and cloud services such as Minergate cater to diverse preferences.
Monero sets itself apart with default anonymity and innovative features like Ring Signatures and Stealth Addresses, ensuring private, untraceable transactions.
Monero was created by seven developers, with five remaining anonymous. Its origins trace back to a 2014 fork from Bytecoin.
Monero's development is community-driven, and it has not disclosed specific backers or investors.
Monero (XMR) utilizes a proof-of-work (PoW) consensus mechanism to secure its network and validate transactions.
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Monero is mineable through solo mining, joining mining pools.
There may be different staking options available such as to participate in DAOs, decentralized governance and for revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Monero (XMR) is ($18,446,744), max supply of Monero XMR is ($0) and the market cap of Monero XMR is ($4,095,208,908).
What is the Monero (XMR) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Monero (XMR) is $221. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Monero (XMR) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Monero XMR) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Monero (XMR) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Monero (XMR) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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