There are two schools of thought in determining the price of Monero. By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Monero, collectively known as fundamental analysis . The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Monero from a long term perspective. By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Monero on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Monero as well. Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Monero and the cryptocurrency market as a whole.

Q: What is the highest price of Monero price in history?

Monero achieved the all-time high of $542.33 in 2018-01-09, and is currently trading at $165.16.

Q: What is the lowest price of Monero price in history?

In 2015-01-14, Monero reached the all-time low of $0.2162.

Q: What is the current market cap of Monero?

The current market cap of Monero is 2.99B, as 18.15M XMR is trading at the price of $165.16.

Q: How many Moneros are there in the market?

There are currently 18.15M XMR circulating in the market. These Moneros can be actively traded or used in the open market.

Q: What is the maximum supply of Monero?

In total, there will be -- XMR. This includes the circulating supply, as well as those supply being locked or staked, and those yet to be mined, minted, created.

Q: What is the fully diluted market cap (or FDV) of Monero?

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Monero is --. The FDV is calculated taking the assumption that all supply of Monero is circulation, multiplied by its current price of $165.16.

Q: What is the price prediction of Monero in the near future?

With an algorithm automated identifying historical data trends, this Monero price prediction estimates and adjusts the forecast from time to time based on current market conditions. With such advanced machine learning, this prediction can be used to help investors in gauging the probability of the crypto market before making any investment decisions.

Q: Is Monero a good investment?

Monero has a good potential ROI as the volatility itself opportunities for multitude profits. Such volatility is a double-edged sword, and as such would be suitable for investors with high risk tolerance and healthy financial position. Therefore, it is important to remember that Monero and the crypto market as a whole is always subject to extreme market conditions, legal policies, social media stories, and other unpredictable factors. As such, it is advisable to exercise risk management and do your own research (DYOR) before investing in Monero.

XMR

Rank #27

USD

$ 165.16

-2%

24H Low$164.13

24H High$168.98

24H Volume

67.69M

All-Time High(ATH)

$542.33

All-Time Low(ATL)

$0.2162

Market Cap

2.99B

Fully Diluted Valuation

Market Cap/FDV

0.00

Circulating Supply

18.15M XMR

Total Supply

Max Supply

∞

Market Sentiment

* Data from 3rd parties

Overview
News
Historical Data

Monero (XMR) Price Trends

Time period	Change amount	% Change
1H	$ -0.06446	-0.039%
24H	$ -3.3	-2%
7D	$ 0.3519	0.21%
14D	$ 0.5823	0.35%
30D	$ 4.06	2.46%
1Y	$ 37.2	22.52%

Live Monero (XMR) Price Update

Monero price today is $165.16 with a 24-hour trading volume of 67.69M, and as such Monero has a market cap of 2.99B, giving it a market dominance of 0.2%. The Monero price moved -2% in the last 24 hours.

Monero reached its highest price on 2018-01-09 when it was trading at its all-time high of $542.33, while its lowest price was recorded on 2015-01-14 when it was trading at its all-time low of $0.2162. The current lowest price since the last cycle high was $0.2162, and the highest price since the last cycle low was $542.33. The social sentiment of Monero is currently Positive.

The current circulating supply of Monero is 18.15M XMR. In terms of market cap, Monero is currently ranked 27.

About Monero (XMR)

Monero (code XMR) is an open-source cryptocurrency founded in April 2014, which focuses on privacy, decentralization and scalability. Monero is based on the CryptoNote protocol - this is different from many cryptocurrencies derived from Bitcoin. In addition, XMR also has significant algorithm differences in blockchain fuzziness.

Monero has made several major improvements since its birth - first, it has migrated the blockchain to different database structures, which aims to optimize efficiency and flexibility; Set the minimum ring signature size so that all transactions are private, and implement RingCT to hide the transaction volume.

How does Monero (XMR) Work?

The efficient operation of Monero (XMR) can not be separated from the following points:

Anti ASIC concept

ASICs (Application Specific Integrated Circuits) are specific, so those specially built ASICs often have much higher computing power than general CPUs, GPUs and even FPGAs. Presently, Bitcoin (BTC) and other currencies adopting the SHA256 algorithm can be said that almost all the computing power comes from ASIC. However, only a few companies have the ability to design ASIC, which will bring some serious problems. As a result, the emergence of ASIC will lead to the situation that the computing power is too concentrated and can even be monopolized by a single centralized organization.

It is precisely based on this situation that Monero (XMR) has considered using technical means to combat ASIC from the beginning of its design. Specifically, the core development team of Monero (XMR) will modify and hard fork the algorithm of the consensus mechanism within a certain period of time, so as to ensure that it can effectively combat the emergence of ASIC & the monopoly of computing power. For example, Monero uses randomx, which is an anti ASIC and CPU friendly POW algorithm created by Monero community members to make it impossible to use mining specific hardware. Monero has previously used CryptoNight and variants of this algorithm. More information in the GitHub repository.

Emission curve

In order to ensure that there is always power to mine Monero (XMR) and ensure their safety, the emissions are unlimited. There are two main emissions: first, the main curve: by the end of May 2022, there will be about 18,132 Monero (XMR), and then the tail curve: 0.6 XMR every 2 minutes. Once the main emissions are completed, it will be converted into a decrease in inflation rate of < 1% over time (tail emission).

Block

A new block is created every approximately 2 minutes. There is no maximum block size, but block reward punishment and proactive block size to ensure proactive scalability.

Key privacy enhancement technologies

Ring signature - sender, untraceable. Monero (XMR) will copy the transaction to multiple users and make them all appear as valid recipients, so as to prevent the currency from tracing the circular digital signature formed by the payer and other signers of Monero.
Anonymous address - receiver, not linkable. The hidden address, that is, the "one-time public key", can effectively prevent the wallet address of the payee from connecting to this transaction. This public key will be recorded on the blockchain to prove that the "control right to output Monero" has been transferred. Although this public key is recorded in the public ledger and can be observed by any user, only the two parties to the transaction can understand that they have indeed conducted transactions between them, and outsiders can not know the relevant information of this transaction.

Ring signature transaction - concealment of transaction amount. Through the technology of financial Mask and the role of Monero rule: total transaction output = total transaction input, the transaction amount is successfully concealed.

Monero (XMR) Crypto Wallet

In addition to placing XMR in the Gate.io exchange to facilitate trading, XMR can also be placed in a crypto wallet.

The development team of XMR community recommends Monero (XMR) GUI wallet and Monero (XMR) CLIi wallet.

The open-source graphical user interface (GUI) wallet developed by the Monroe community is completely free to use, suitable for beginners and advanced users. It includes simple mode, advanced mode and other functions, and provides more than 30 languages.
The open-source command line interface (CLI) wallet developed by the Monero (XMR) community is also completely free to use and is most suitable for developers, intermediate and advanced users. CLI wallet allows users to fully control their Monero nodes and funds. Highly customizable, including various analysis tools, as well as HTTP RPC and 0MQ interfaces.

In the actual demand environment, users can choose more suitable wallet products according to their own use needs.

FAQs

1. What determines the price movement of Monero?

There are two schools of thought in determining the price of Monero.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Monero, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Monero from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Monero on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Monero as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Monero and the cryptocurrency market as a whole.