Monero (XMR)

Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on fungibility and decentralization. Monero uses an obfuscated public ledger, meaning anybody can broadcast or send transactions, but no outside observer can tell the source, amount or destination. Monero uses a Proof of Work mechanism to issue new coins and incentivize miners to secure the network and validate transactions.The privacy afforded by Monero has attracted illicit use by people interested in evading law enforcement during events such as the WannaCry Ransomware Attack, or on the dark web buying illegal substances. This has been acknowledged by Monero, and not entirely disavowed. Despite this, Monero is actively encouraged to those seeking financial privacy, since payments and account balances remain entirely hidden, which is not the standard for most cryptocurrencies.The egalitarian mining process of Monero has made it an alternative choice for websites and applications looking for substitute sources of income. In 2018, Change.org led the way by implementing a Monero miner on their screensaver to raise funds for the Change.org Foundation. While some organizations use Monero miners to cover hosting costs as an alternative to paywalls or advertisements, malicious hackers have also used it via covertly embedding mining code into websites and apps seeking profit for themselves. 
Rank 12
Price $39.01
Market Capitalization $649 349 836
24 Hours Volume $12 230 167
Available Supply 16 647 538 XMR
Total Supply N/A
Change (1 Hour) 0.98%
Change (24 Hours) -2.15%
Change (7 Days) -13.87%
Monero News
December 5th, 2018

The U.S. DHS wants to track Zcash and Monero transactions with a view to prevent illegal activities performed with the help of these coins.

Leading eShop MonetaryUnit, See’s Token Value Soar, Supports 42 Cryptocurrencies for Online Shopping
November 8th, 2018

Top eCommerce company MonetaryUnit has recorded substantial value rise in its digital $MUE token. The rise has been attributed to the fast adoption of its growing service, which now allows online buyers to use over 40 cryptocurrencies to purchase good with.

November 1st, 2018

A new infographic by Bitcoinplay explains the nature of cryptos are and provides details about the 25 most prominent digital currencies.

October 31st, 2018

For Monero price to break out from this bound range zone, a radical fundamental event is needed; there is a probability that the coin will break the accumulation territory of $97 downside and the coin may have the low accumulation territory $86 as its target.

October 24th, 2018

In case the distribution territory of $111 hold and the bears increase their pressure, the accumulation territory of $97 will be broken and Monero will resume downtrend movement.

October 22nd, 2018

The successful implementation of the Beryllium Bullet hard fork has caused the transaction fee to reduce by 97% on the Monero network, with improved resistance to ASIC mining.

October 17th, 2018

In case the distribution level of $111 is broken up, the pair will resume its uptrend movement and upper distribution territory of $119 will be exposed.

October 17th, 2018

Check out 12 ways through which you can monetize your talents in Crypto and Blockchain spheres, shared by professional freelance writer and crypto enthusiast Peter Hill.

October 10th, 2018

There is a probability for the downward movement this week; traders should follow the trend patiently.

October 4th, 2018

Check out our report presenting data on the cryptocurrency market movements in 2018, with special attention paid to the analysis of changes taking place over Q3 2018.