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Monero (XMR) is a decentralised, untraceable digital currency designed to provide secure and private transactions. A fork of Bytecoin, Monero is built on the CryptoNote protocol and uses a number of features to obscure the origin, amount and destination of transactions.
This digital coin aims to offer a feature important to many cryptocurrency users: privacy. While the world’s best-known cryptocurrency, Bitcoin, is widely perceived by the general public to be completely anonymous and untraceable, this isn’t actually the case, and it’s this lack of privacy that Monero aims to address. An open-source, crowdfunded project, Monero offers a decentralised and anonymous cryptocurrency that it claims is untraceable, unlinkable, secure, private and resistant to blockchain analysis.
This high level of privacy also means that Monero offers fungibility, which means that every coin has equal value and is interchangeable. Because no two Monero coins are distinguishable from one another, this removes the risk of XMR (the native token of the Monero network) being refused by vendors or exchanges due to its association with previous transactions such as theft.
Monero (XMR) is the 31st largest cryptocurrency in the world by market cap, valued at $2,993,806,068. The current price of Monero is $165.13, which is 2.237% higher than yesterday. Prices have ranged between $169.49 and $152.02 over the past 24 hours. All prices are listed in US dollars and accurate as of May 19, 2022 07:05 UTC.
| Coin symbol | XMR |
|---|---|
| Coin Marketcap | US$2,993,806,068 |
| Circulating XMR | 18,123,281 |
| Current price | US$165.13 |
| All time high | US$542.33 |
| All time high date | January 09, 2018 |
| Notable team members | Riccardo Spagni |
| Industry | Privacy coins |
| Token uses | Digital currency |
| Network | Monero |
Historical prices compared with the price of US$165.13.
| 1 hour | -1.23% |
|---|---|
| 24 hours | 2.24% |
| 7 days | 19.22% |
| 14 days | -26.67% |
| 30 days | -37.65% |
|---|---|
| 60 days | -16.21% |
| 200 days | -37.10% |
| 1 year | -51.74% |
Disclaimer: Cryptocurrencies, including Monero, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of XMR is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Monero or any other cryptocurrency discussed.
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