Price (USD)$ 166.5834
Circulating SupplyXMR 18.15949M
Volume (24h)$ 144.7304M
Market Cap$ 3.02507B
Low/High 24h$ 155.9139 - $ 169.5392
Change (24h)$ 8.013872
Monero (XMR) is a secure, anonymous, and untraceable cryptocurrency. Unlike bitcoin, all Monero balances are closed and untraceable by default, and transactions are untraceable, which increases popularity among those who care about anonymity.
The current XMR price is 166.5834 USD.
In 2012, an anonymous developer created a new cryptocurrency called Bytecoin (BCN). One of the advantages of the coin was the CryptoNote algorithm, which hides data about the sender and the final recipient of the transaction. The new blockchain attracted supporters of anonymity, but soon faced criticism from members of this community. It turned out that as a result of pre-mining, about 80% of coins were credited to the personal wallets of the founders, making mining unprofitable.
In April 2014, the Bytecoin chain underwent a hard fork, which resulted in creating a new token. In the first days of the project's existence, the cryptocurrency was called BitMonero. A few days later, the development team improved the wallet interface, secured the code against hacker attacks, and convinced the community to choose a more user-friendly name for the coin.
Monero crypto has attracted users by:
Monero coin combines ring signature technology with the ability to send coins to wallets that are invisible to the observer. By doing so:
Monero insurance isn't limited. However, after issuing 18.4 million coins, the profitability of mining will decrease, and the reward for each mined block will be 0.6 XMR. About 18 million coins have already been mined.
Here are the ways how to get Monero:
To mine digital assets in networks that use Proof-of-Work technology, users provide the power to calculate new blocks.
To understand what profit users can get, they can use a Monero mining calculator, requiring:
Users can hold tokens on different wallets, like GUI and CLI ones developed by the Monero community and available for most OS. For bigger sums, it's possible to keep tokens on a hardware Monero wallet.
Those who want to check an XMR to USD rate and read recent news on the go can download mobile wallets like Monerujo or Cake Wallet on their smartphones.
Since anonymity remains a priority for lots of people, more users think about how to invest in Monero, which increases the price. This process will continue in the future, and as WalletInvestor predicts that Monero coin price will be $914 in January 2025. According to PricePrediction, it will go over $1,000 by the same time.
All in all, Monero's positioning among the leaders in trading volume and capitalization suggests that this asset will remain highly liquid, assuming a stable network. That's why XMR is suitable for both short-term traders and long-term investors.
The easiest way to get Monero is to use exchanges, and StealthEX is the most secure platform. Since there's no need to provide much information, even those who use such services for the first time understand how to buy Monero in a few minutes. To buy Monero, you can choose from over 400 cryptocurrencies and stay anonymous because StealthEX is non-custodial.
Just go to StealthEX exchange and follow these easy steps:
You are more than welcome to visit the StealthEX exchange and see how fast and convenient it is.
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.