|Brief||The main defining feature of Monero is its anonymity (it's founder, by the way, is also unknown). Thanks to a unique protocol, called CryptoNote, Monero users can make transactions with a very high level of secrecy.|
|Last updated:||Saturday, August 17, 2019 4:57:02PM UTC|
|Current price, USD:||83.134|
|Current price, BTC:||0.0080486|
|Market capitalization, USD:||1 426 548 153|
|Available supply:||17 159 685 XMR|
|Volume 24 hours, USD:||67 151 163|
General XMR facts, technical details and general information about Monero crypto currency
The main defining feature of Monero is its anonymity (it's founder, by the way, is also unknown). Thanks to a unique protocol, called CryptoNote, Monero users can make transactions with a very high level of secrecy. The sender, receiver and size of the transaction are recorded on a public ledger, but are concealed to reportedly make them untraceable. This characteristic has made Monero an attractive coin for cybercriminals, e.g. the attackers responsible for the infamous WannaCry virus demanded payments in Monero. However, Monero has other interesting features, such as unlimited scalability, which few cryptocurrencies can boast.
We list daily Monero historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Aug 08||97.315||91.669||97.315||1 631 149 190|
|Aug 09||94.980||91.032||94.98||1 600 795 220|
|Aug 10||93.866||90.795||94.541||1 558 459 811|
|Aug 11||91.459||90.839||92.254||1 582 098 858|
|Aug 12||91.566||90.678||91.693||1 563 889 794|
|Aug 13||91.330||85.182||91.33||1 467 468 067|
|Aug 14||85.086||78.58||85.086||1 348 017 702|
|Aug 15||78.812||74.826||82.518||1 415 725 352|
|Aug 16||83.070||78.42||83.338||1 415 540 444|
|Aug 17||82.003||82.003||83.526||1 426 548 153|
|XMR price change 24 hours||0.87%|
|XMR price change 7 days||-9.19%|
I really think that XMR is a long-term hold. Privacy coins had their time in the sun, but they’ve become irrelevant since no one cares if you can hide your money. Everyone is focused on projects that are partnering with banks, not shunning them. Of course, there’s always a place for black market money, but investors aren’t going to park it in Monero. This is why the current valuation is either right where it should be or too high. Until privacy coins can see actual use, then there’s no reason to rush towards projects like XMR.
This is the place to park your money. The IRS along with every financial agency is going to try tax crypto like crazy. Once the market stabilizes, and the price stops moving so crazy I’ll put every cent i have into XMR. XMR is revolutionary because its the digtal age’s cash. Just as we put cash under our matress, we can stash our Monero into our digital wallet way from the eyes of blockchain analytics and the tax man.
Monero is the one privacy coin to watch now that the other anon coins have mooned. XMR has been down for a long time, and all if its charts from weekly to daily show that it's gearing up for a big move in the green. Besides network upgrades and a strong community, investment interest is rising for XMR. This is a smart coin to hold well into 2020.
XMR isn't that good of a privacy coin. It's not even fully private like Zcash and zk-SNARKs. XMR works by diss. tactics, which don't defend anyone from blockchain analysis methods. This means you're not actually anonymous when transferring funds on the XMR blockchain. If you really are trying to hide your funds, best to go through a zk-SNARKs level protocol. These will actually hide your funds and you won't have someone looking into your account. Blockchain snooping is on the rise and you can bet that all banks will start using them. Crypto taxes are soon going to go into effect so its best to put your coins somewhere safe.
So I just read that Monero has already been 90% mined. This means that the remaining XMR will be completely mined by the first half of 2022. This is huge news for anyone holding XMR at this point. All the XMR that will ever exist is coming to an end in a little over 2 years, and that's significant. Regardless of Crypto Winter, XMR hodlers will pull through with patience.
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