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, led the way by implementing a Monero miner on their screensaver to raise funds for the 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 10
Price $105.88
Market Capitalization $1 747 669 661
24 Hours Volume $12 667 814
Available Supply 16 506 723 XMR
Total Supply N/A
Change (1 Hour) 0.75%
Change (24 Hours) 2.0%
Change (7 Days) 3.82%
Monero News
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.

October 3rd, 2018

In case the distribution level of $128 is broken, the pair will resume its uptrend movement and upper distribution territory of $140 will be exposed. A breakout at the upper area or breakdown at the lower area is imminent, so traders should be patient when taking a trade.

October 1st, 2018

After the launch of the Monero Malware Response Workgroup, Monero team is introducing a new website to protect users and educate them on cleaning up malware.

September 26th, 2018

Trading can be done within the range by lookout for the opportunity to initiate a buying trade at a lower level of price and selling trade at a higher level as the price continues its ranging within the territories of $128 and $102.

September 19th, 2018

The price continues its ranging within the territories of $150 and $102. Traders can look out to initiate a long trade at the lower level of price in case of the price fall to the lower level of the price range.

September 12th, 2018

Should the strong accumulation level of $102 get broken, the pair will experience further downward movement and get exposed to another accumulation level at $77

September 6th, 2018

The coin broke the upper trend line of the last week ascending triangle which led to uptrend movement towards the distribution territory of $151.