The live Monero (XMR) price is $162.99, with a 24 hours Blynex trading volume of 709.33K. The price of XMR changed by -1.94% in the past 24 hours. With a circulating supply of 18,45M XMR and a maximum supply of 18,45M XMR coins. Monero currently ranks #28 in market cap. You have the option to purchase Monero (XMR) on the Blynex exchange.
(XMR) Monero Live Price Data
Market | Price | 24h % | 24h High | 24h Low | 24h Volume | |
---|---|---|---|---|---|---|
XMR /USDT | $162.99 | -1.94% | 167.44546 | 161.6041 | 706053.628 | Trade |
About Monero (XMR)
Monero (XMR) is a privacy-focused cryptocurrency that ensures transactions are untraceable and confidential. Launched in 2014, Monero uses advanced cryptographic techniques to obfuscate transaction details, providing users with enhanced privacy. Buying XMR on Blynex Exchange is straightforward. Sign up, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Monero (XMR).
What is Monero (XMR)?
Monero (XMR) is a decentralized cryptocurrency designed with a focus on privacy, security, and untraceability. Unlike many other cryptocurrencies, Monero uses advanced cryptographic techniques such as ring signatures, stealth addresses, and Ring Confidential Transactions (RingCT) to conceal transaction details, including the sender, recipient, and amount. This makes Monero a preferred digital currency for users prioritizing anonymity in their financial transactions.
Monero was launched in April 2014 by a pseudonymous developer known as "thankful_for_today" as a fork of Bytecoin, based on the CryptoNote protocol. The project was subsequently taken over by a group of developers, including Riccardo Spagni (Fluffypony), and has continued to be developed by a decentralized, community-driven team. Monero’s open-source, collaborative nature ensures ongoing improvements and innovations focused on privacy.
Monero's blockchain prioritizes anonymity through a proof-of-work consensus mechanism that supports various privacy features. Ring signatures mix a user’s transaction with others, stealth addresses hide recipient information, and RingCT obscures transaction amounts. These combined features ensure all transactions on Monero are confidential, fungible, and resistant to censorship or tracking.
Monero has a unique tokenomics model featuring "tail emissions," meaning it will continually release a small amount of XMR even after the main supply is mined. This tail emission helps maintain network security by rewarding miners indefinitely, ensuring Monero’s network remains decentralized and robust over time without a set maximum supply cap.
With its unmatched focus on privacy, Monero is widely considered one of the leading privacy coins in the cryptocurrency market. Its advanced security features and commitment to continuous development make it a top choice for those seeking confidential financial transactions, cementing its place as a pioneering force in the world of private digital currencies.
XMR to local currency
- 1 XMR to USD164.180
- 1 XMR to EUR153.152
- 1 XMR to AUD249.399
- 1 XMR to KRW229,487.523
- 1 XMR to JPY25,060.008
- 1 XMR to GBP127.072
- 1 XMR to INR13,855.648
- 1 XMR to CAD228.373
- 1 XMR to AED602.951
- 1 XMR to RUB16,011.260
XMR to crypto currency
- 1 XMR to BTC0.0021481962
- 1 XMR to ETH0.0550210850
- 1 XMR to USDT164.118
- 1 XMR to BNB0.265
- 1 XMR to SOL0.824
- 1 XMR to XRP298.388
- 1 XMR to ADA373.982
- 1 XMR to TRX1,024.504
- 1 XMR to LTC2.260
- 1 XMR to TON33.404