|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:||Wednesday, June 26, 2019 6:56:02AM UTC|
|Current price, USD:||$105.206|
|Current price, BTC:||0.0082856|
|Market capitalization, USD:||$1 795 190 934|
|Available supply:||17 063 546 XMR|
|Volume 24 hours, USD:||$215 998 312|
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, $|
|Jun 26||111.871||105.206||111.871||1 795 190 934|
|Jun 25||117.185||111.634||117.185||1 916 701 085|
|Jun 24||113.291||112.403||119.206||2 003 252 007|
|Jun 23||116.132||114.042||118.967||1 965 454 078|
|Jun 22||109.418||109.418||118.246||1 957 709 220|
|Jun 21||106.254||106.254||109.501||1 867 585 396|
|Jun 20||100.298||100.298||105.941||1 790 277 384|
|Jun 19||96.754||100.154||99.846||1 712 193 104|
|Jun 18||98.590||96.016||98.656||1 641 209 183|
|Jun 17||96.815||96.576||99.285||1 676 261 080|
|XMR price change 24 hours||-9.03%|
|XMR price change 7 days||6.29%|
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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