Monero (XMR)What's Monero price? How much potential does it have? How to buy Monero? And where can you buy it? Find answers to all of those as well as to many others questions related to it and discover cryptos in the same category. And see how XMR compares to Bitcoin based on its performance!
(Price data last updated about 5 minutes ago)
Data last updated about 5 minutes agoXMR All Time Low/High: €0.184652 (+77987%) / €454.53 (-68%)
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Compare XMR and BTC performance
How popular is Monero cryptocurrency?Monero ranks 27th among all cryptocurrencies. It has a market cap of €2147483647. The total trading volume within the last 24 hours was €81777100.
How much potential does it have?How much can Monero grow? It's hard to say how much potential this cryptocurrency has exactly, but based on its circulating supply (18,147,820), it can theoretically grow at least 194x before it would become more popular than Bitcoin. This means that based on XMR maximum potential it could reach €28016.6 before it would have to overtake Bitcoin.
How to buy Monero?The easiest way to buy XMR is to use a cryptocurrency exchange. There are a lot of exchanges out there these days - both centralized and decentralized. And you can find this cryptocurrency in a number of exchanges these days. Currently there should be the very minimum of 52 Monero exchanges available.
Where can you buy it?XMR should be listed in these exchanges:
Where can I find more information about Monero?You can find more information about it through the crypto homepage and social media pages brought out on top of this page. And we always recommend you to do further research about the crypto yourself as well.
When was XMR created?According to our information XMR was created 18th April 2014.
What is Monero?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.
Origins 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.
#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.
What is CryptoNote?
CryptoNote is the application layer protocol that fuels various decentralized currencies. While it is similar to the application layer which runs bitcoin in many aspects, there a lot of areas where the two differ from each other. CryptoNote features an entirely new code base and is not a fork of Bitcoin. More info about CryptoNote can be found at their website.
CryptoNote uses Ring Signatures to conceal sender identities via mixing and it also has unlinkable transactions that is achieved using 1-time keys for each individual payments. Ring signatures enable ‘transaction mixing’ to occur. Transaction mixing means that when funds are sent, the sender randomly chooses several other users’ funds to also appear in the transaction as a possible source of the funds being sent.
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.
|Market Cap: €2147483647||Rank: #27||Volume: €81777100|
Monero (XMR) live price chart
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How big was Monero coin volume within the last 24h?
Monero (XMR) last recorded volume was € 81777100.
How much has Monero price changed during one year?
XMR price has changed during the last year -24.92 %.
Is XMR coin close to its All Time High price?
XMR all time high price (ath) is €454.53. Its current price is €144.19. This means that the difference between Monero (XMR) All Time High price and XMR current price is -68%.
What is the maximum price Monero (XMR) could VERY theoretically reach?
XMR has a current circulating supply of 18,147,820. Based on our calculation XMR could reach up to €28016.6 before it would have to overtake Bitcoin. So in theory the potential for growth is 194x its current value (€144.19). However, keep in mind that the coin's actual potential is based on the value it provides to the user. So this is just a logical maximum potential price calculation for Monero and in no way is it a prediction of any kind, far from it.
Where can you buy Monero?
Monero is currently listed on at least these crypto exchanges: BingX, Binance, DigiFinex, Deepcoin, BKEX, Kraken, Bitfinex, Gate.io, MEXC Global, OKX, Pionex, WhiteBIT, Bitrue, XT.COM, KuCoin, Bisq, Dcoin, Hotbit, Poloniex, LocalTrade, Bibox, TradeOgre, CoinEx, NiceHash, Indodax, BitHash, BigONE, NovaDAX, FMFW.io, HitBTC, CoinDCX, Nominex, B2BX and possibly some others.