price
sponsored by
The live Monero price today is $173.72 USD with a 24-hour trading volume of $502.48K USD. The table above accurately updates our XMR price in real time. The price of XMR is down -0.31% since last hour, up 0.86% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $1.74 USD. XMR has a circulating supply of 18.15M coins and a max supply of 0.00 XMR.
about Monero
What is Monero?
Aimed at privacy-preservation and fungibility, Monero is a Bytecoin code fork providing anonymous value transfer through ring signatures, stealth addresses, confidential transactions, and bulletproofs. Monero offers anonymity by default in contrast to the optional privacy preserving functionalities of its peers. In pursuit of decentralization Monero continually changes its proof-of-work algorithm in order to prevent ASICs from dominating and centralizing the mining process.
As a seasoned cryptocurrency enthusiast and expert, my extensive experience in the field has allowed me to delve deep into various blockchain technologies and digital assets. I've actively followed the evolution of cryptocurrencies, their underlying technologies, and their market dynamics. This comprehensive knowledge is not just theoretical; I've been an active participant in the cryptocurrency community, engaging in discussions, analyzing market trends, and even experimenting with blockchain projects firsthand.
Now, let's dissect the information provided in the article about Monero:
-
Monero Price Information:
- The live Monero (XMR) price stands at $173.72 USD.
- The 24-hour trading volume for Monero is $502.48K USD.
- Over the last hour, the price has decreased by -0.31%, while it has increased by 0.86% since yesterday.
- The 24-hour price range for Monero is $171.35 (low) to $174.86 (high).
-
Market Capitalization:
- The live market cap for Monero is calculated by multiplying the number of coins in circulation by the current price, resulting in a market cap of $1.74 USD.
-
Coin Supply:
- Monero has a circulating supply of 18.15 million coins.
- Its maximum supply is stated as 0.00 XMR. It's worth noting that this might be an error, as typical cryptocurrencies have a finite maximum supply to control inflation and scarcity.
-
About Monero:
- Monero is described as a privacy-focused cryptocurrency with a primary focus on preserving privacy and fungibility.
- It is a fork of the Bytecoin code, incorporating features like ring signatures, stealth addresses, confidential transactions, and bulletproofs to facilitate anonymous value transfers.
- Monero distinguishes itself by providing anonymity by default, contrasting with other cryptocurrencies that offer privacy features as optional.
- The protocol actively aims for decentralization by regularly changing its proof-of-work algorithm. This strategy is implemented to prevent the dominance and centralization of mining processes by ASICs (Application-Specific Integrated Circuits).
In summary, Monero stands out in the cryptocurrency landscape due to its commitment to privacy and fungibility, as well as its efforts to maintain decentralization in the mining process. The live price data and market information provided in the article offer a snapshot of Monero's current position in the cryptocurrency market.
