Monero current price is €287.19 with a marketcap of €5.14 B. Its price is 14.60% up in the last 24 hours.
- Monero (XMR)
- Live Price €287.19
- Market Cap €5.14 B
- Volume €867.14 M
- Available Supply 17.88 M XMR
- Rank 23
Technical analysis, backgrounds and info on this crypto coin
Besides Monero (XMR) is the renowned cryptocurrency (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Monero (XMR) price. Of course you can trade and/or invest in Monero (XMR) as well. On this page you'll find basic statistics and characteristics of Monero (XMR). Furthermore you'll find info regarding the Monero (XMR) price, basic technical analysis and a brief explanation of the story of Monero (XMR)
Current Monero (XMR) price
Please see below the Monero price chart as provided by our home broker.
Onchain Metrics Monero (XMR)
If you want to perform a technical analysis of Monero and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Into the Block.
These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.
Furthermore, we provide you with the price chart and historical data for Monero (XMR) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Monero.
The Monero agenda
In order to provide you with an accurate overview of coming Monero agenda items and events, you'll find our Monero agenda below.
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is Monero?
Monero (XMR) is the top privacy-centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system. Monero uses a special kind of cryptography to ensure that all of its transactions are remain 100% unlinkable and untraceable. In an increasingly transparent world, you can see why something like Monero can become so desirable.
Origin of Monero?
In July of 2012, Bytecoin, the first real life implementation of CryptoNote, was launched. While Bytecoin had promise, people noticed that 80% of the coins were already published. So, it was decided that the bytecoin blockchain will be forked and the new coins in the new chain will be called Bitmonero, which is was then renamed Monero, meaning “coin” in Esperanto language. In this new blockchain, a block will be mined and added every two minutes.
What is the purpose of Monero (XMR)?
#1: Unlinkability - Your identity is completely private
You have complete control over your transactions. You are responsible for your money. Because your identity is private no one will be able to see what you are spending your money on. When you send funds to someone’s public address, what happens is that you actually send the funds to a randomly created brand new one-time destination address.
This means that the public record does not contain any mention that funds were received to the recipient’s public address. In Monero, your public address will never appear in the public record of transactions. Instead, a 'stealth address' is recorded in a way that only you, the recipient, can recognize the incoming funds.
Fungibility is interchangeability between one asset and another asset of the same type.
Suppose you borrowed $50 from your friend, you can even return the money in the form of 1 $50 bill or 5 $10 bill, It is still fine. This shows that the dollar has fungible properties. However, if you were to borrow someone’s car for the weekend and come back and give them some other car in return, then that person will probably punch on the face. Cars, in this example, are a nonfungible asset.
Monero (XMR) nowadays
Monero is a cryptocurrency exchange that is decentralized and run by open-source software as opposed to a centralized intermediary. This is in contrast to cryptocurrency exchanges that are run by centralized companies such as Coinbase, Binance and OKEx. Changes to the protocol are voted on by owners of a native cryptocurrency and governance token called UNI, and then implemented by a team of developers. UNI coins were initially distributed to early users of the protocol. Each Ethereum address that had interacted with Monero prior to September 1, 2020 received the ability to claim 400 UNI tokens (worth approximately $1,400 at the time). The market capitalization for the UNI token is over $500 million as of October 2020.
The future of Monero (XMR)
The cryptographical nature of the ring signature means that no one can tell which of the funds were really the source of the transaction – not even the person that gave the funds to the sender in the first place. A system of ‘key images’ associated with each ring signature ensures that although no one can tell the true source of the funds, it can be easily detected if the sender attempts to anonymously send their funds twice.
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
Please note that our site does not provide any financial advice. The statistics and information shown are solely provided as possible source for your own research on (investing in) crypto and/or for educational/entertainment purposes. Despite our efforts to present information in a right and timely manner we will not accept any responsibility for any shortcomings in the data and/or information provided. Furthermore please that this site uses affiliate links. This means we might earn a contribution in the costs of operating this site and providing free information if you decide to click on (one of) the links issued.