|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:||Monday, October 14, 2019 6:57:03AM UTC|
|Current price, USD:||53.554|
|Current price, BTC:||0.0064089|
|Market capitalization, USD:||924 199 825|
|Available supply:||17 257 335 XMR|
|Volume 24 hours, USD:||62 664 661|
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, $|
|Oct 05||57.029||55.7||57.029||974 212 096|
|Oct 06||56.580||55.242||56.624||956 391 699|
|Oct 07||55.238||55.099||57.199||975 361 469|
|Oct 08||56.529||55.384||56.955||963 429 741|
|Oct 09||55.652||55.261||57.537||990 966 872|
|Oct 10||57.436||55.302||57.436||964 367 807|
|Oct 11||55.291||54.483||56.071||940 029 677|
|Oct 12||55.199||53.816||55.199||928 717 604|
|Oct 13||53.938||52.951||54.11||923 683 479|
|Oct 14||53.078||53.078||53.554||924 199 825|
|XMR price change 24 hours||0.14%|
|XMR price change 7 days||-3.44%|
XMR definitely has everything that's needed to be everyone's favorite altcoin. I guess, there's no need to mention the total anonymity of transactions in this private coin and its superior security. Monero has also been doing quite well on the profit-granting front, showing strong gains, as opposed to its competitors Dash and ZCash. Also, XMR has good resilience to the drops in the BTC price that usually exerts a direct impact on the entire cryptocurrency market.
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.
We publish the most accurate Monero Forecasts and News including crypto industry experts' opinion on a daily basis
As the 12th largest cryptocurrency by market cap and the largest privacy coin in the world - Monero (XMR) is a coin that attracts quite a lot of attention. As always, one of the...
Anyone who has a profound insight into the tech behind cryptocurrencies know that that total anonymity, which is widely preached by most crypto enthusiasts...