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Monero Price, News and Analysis (XMR)

Monero logo
$92.92
-1.22 (-1.31%)
(As of 08/8/2020 01:50 AM ET)
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1-Hour Price Change +0.42%
1-Day Price Change -1.31%
7-Day Price Change +9.34%
1-Day Volume$208.05 million
Market Cap$1.64 billion
BTC Price0.00800796 BTC
Circulating Supply17.66 million
Total Supply17.66 million
Maximum SupplyN/A

About Monero (XMR)

Currency Details

Name Monero
SymbolXMR
Market Capitalization$1.64 billion
Coin or TokenCoin
AlgorithmCryptoNight
Proof TypePoW
Genesis Date6/2/2014
Mineable?No
Number of Exchanges45

Official Links

Official Websitemonero.cc
Official Website (Alt)N/A
BitcoinTalk AnnouncementView
Twitter Account@monerocurrency
Facebook PageView
Github AccountView

Buy/Trade Monero

Community Discussion

Reddit Communityr/monero
Telegram GroupView
Discord GroupN/A
Message Boardforum.getmonero.org
Message Board (Alt)N/A

Research Tools

Blockchain Explorermoneroblocks.info
Blockchain Explorer (Alt)chainradar.com
CoinMarketCapView
CryptoCompareView
CoinGeckoView

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Monero (XMR) Frequently Asked Questions

What is Monero?

Ring Signature The Basics In cryptography, a ring signature is a type of digital signature that can be performed by any member of a group of users that each have keys. Therefore, a message signed with a ring signature is endorsed by someone in a particular group of people. One of the security properties of a ring signature is that it should be computationally infeasible to determine which of the group members' keys was used to produce the signature. For instance, a ring signature could be used to provide an anonymous signature from "a high-ranking White House official", without revealing which official signed the message. Ring signatures are right for this application because the anonymity of a ring signature cannot be revoked, and because the group for a ring signature can be improvised (requires no prior setup).   Application to Monero A ring signature makes use of your account keys and a number of public keys (also known as outputs) pulled from the blockchain using a triangular distribution method. Over the course of time, past outputs could be used multiple times to form possible signer participants. In a "ring" of possible signers, all ring members are equal and valid. There is no way an outside observer can tell which of the possible signers in a signature group belongs to your account. So, ring signatures ensure that transaction outputs are untraceable. Moreover, there are no fungibility issues with Monero given that every transaction output has plausible deniability (e.g. the network can not tell which outputs are spent or unspent). To read how Monero gives you privacy by default (unlinkability), see stealth addresses. (Description provided by CryptoCompare)

What exchanges can I buy or trade Monero on?

How do I buy Monero?

It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including Monero.

Where can I get Monero wallet?

Monero produces its own wallet software that is available for download on its website, which allows you to store Monero on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Monero?

One Monero (XMR) is currently worth $92.92 on major cryptocurrency exchanges. You can also exchange one Monero for 0.00800796 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Monero in U.S. dollars is $1.64 billion.

What hashing algorithm does Monero use?

Monero is a proof of work (PoW) coin that uses the CryptoNight algorithm.

How do I mine Monero?

Monero can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Monero and access to a mining pool that pools your effort with other miners and a wallet to store the Monero that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

What coins are similar to Monero?

The following coins use Monero's CryptoNight algorithm and proof of work (PoW) proof-type: Bytecoin, Aeon, Monero Classic, DigitalNote, BitTube, Sumokoin, BitNewChain, Boolberry, Karbo, Digital Insurance Token, ZUM TOKEN, PluraCoin, BitCoal, UltraNote Coin and Bitcoin & Company Network.

What is the Reddit page for Monero?

The official Reddit community (subreddit) for Monero is r/monero.


MarketBeat Community Rating for Monero (XMR)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  213 (Vote Outperform)
Underperform Votes:  354 (Vote Underperform)
Total Votes:  567
MarketBeat's community ratings are surveys of what our community members think about Monero and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.

Chart

Monero (XMR) Price Chart for Saturday, August, 8, 2020

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Google Trends

Monero (XMR) Search Trends

There is a correlation between price appreciation and public interest in cryptocurrencies, such as Monero. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Monero Coin" over the last 90 days.



Monero (XMR) Social Media Trends

Headlines

Monero (XMR) News Headlines

DateHeadline
Monero’s Hashrate Experienced Its Largest Single Day Gains EverMonero’s Hashrate Experienced Its Largest Single Day Gains Ever
cointelegraph.com - August 8 at 1:03 AM
Monero, Ethereum Classic, Tezos Price Analysis: 07 AugustMonero, Ethereum Classic, Tezos Price Analysis: 07 August
eng.ambcrypto.com - August 8 at 1:03 AM
Monero, Zcash’s Travel Rule compliance depends on one fine distinctionMonero, Zcash’s Travel Rule compliance depends on one fine distinction
eng.ambcrypto.com - August 6 at 1:39 PM
Privacy Could be One Reason DASH, XMR & ZEC are Gaining in SyncPrivacy Could be One Reason DASH, XMR & ZEC are Gaining in Sync
en.ethereumworldnews.com - August 6 at 7:06 AM
Ethereum Classic, Dash, Monero Price Analysis: 4 AugustEthereum Classic, Dash, Monero Price Analysis: 4 August
eng.ambcrypto.com - August 4 at 6:31 AM
Monero, Tari to release guide to help exchanges list privacy coinsMonero, Tari to release guide to help exchanges list privacy coins
decrypt.co - August 3 at 3:13 PM
Ethereum Classic, Tezos and Monero price analysis: 2 AugustEthereum Classic, Tezos and Monero price analysis: 2 August
eng.ambcrypto.com - August 2 at 4:40 PM
Cryptojacking Attacks Are Seriously Underestimated, Says BlackBerry VPCryptojacking Attacks Are Seriously Underestimated, Says BlackBerry VP
cointelegraph.com - August 2 at 8:05 AM
Hackers Have Been Using Dogecoin to Deploy Malware for 6 Months & No One NoticedHackers Have Been Using Dogecoin to Deploy Malware for 6 Months & No One Noticed
cointelegraph.com - July 31 at 4:01 AM
Watch Out for This Cryptojacking Botnet That Steals Data From Its VictimsWatch Out for This Cryptojacking Botnet That Steals Data From Its Victims
cointelegraph.com - July 22 at 2:18 PM
Big Crypto Hacks: Bad Crypto News of the WeekBig Crypto Hacks: Bad Crypto News of the Week
cointelegraph.com - July 19 at 10:03 AM
Crypto Twitter Hack Recap: A ‘Wake Up Call’ for Centralized PlatformsCrypto Twitter Hack Recap: A ‘Wake Up Call’ for Centralized Platforms
cointelegraph.com - July 18 at 7:02 PM
IRS Wants to Track ‘Nefarious’ Privacy Coin and Lightning TransactionsIRS Wants to Track ‘Nefarious’ Privacy Coin and Lightning Transactions
cointelegraph.com - July 3 at 6:02 AM
Why Isn’t BCH Way More Popular on the Dark Web?Why Isn’t BCH Way More Popular on the Dark Web?
cointelegraph.com - July 2 at 4:31 PM
Massive Cyberattack on Australia Uses Cryptojacking ExploitsMassive Cyberattack on Australia Uses Cryptojacking Exploits
cointelegraph.com - June 29 at 4:09 AM
New Monero Mining Pool can Only be Accessed Over TorNew Monero Mining Pool can Only be Accessed Over Tor
themerkle.com - June 23 at 8:39 PM
Monero Price Analysis for June 19th – XMR Needs Reason To MoveMonero Price Analysis for June 19th – XMR Needs Reason To Move
themerkle.com - June 19 at 11:19 AM
Hackers Mining Monero in Over 1,000 Enterprise ComputersHackers Mining Monero in Over 1,000 Enterprise Computers
www.financemagnates.com - May 26 at 8:21 AM
On the Darknet Side: The Role of Crypto as a Means of ExchangeOn the Darknet Side: The Role of Crypto as a Means of Exchange
cointelegraph.com - May 2 at 10:11 AM
Millionaire Arrested for Wife’s Murder in $10M Monero Ransom Kidnap CaseMillionaire Arrested for Wife’s Murder in $10M Monero Ransom Kidnap Case
cointelegraph.com - April 29 at 5:03 AM
Cybereason Discovers a Global Outbreak of Malware Attacks Using BitbucketCybereason Discovers a Global Outbreak of Malware Attacks Using Bitbucket
www.prweb.com - February 5 at 4:11 PM
Monero on the Horizon: On Bitcoin, Chainalysis, & Darknet Marketplace ActivityMonero on the Horizon: On Bitcoin, Chainalysis, & Darknet Marketplace Activity
blockonomi.com - January 30 at 6:18 PM
Monero Malware Botnet Lurks Behind Taylor Swift JPEGsMonero Malware Botnet Lurks Behind Taylor Swift JPEGs
cointelegraph.com - December 19 at 11:05 AM
Pushing for Crypto Self-Regulation Amid Tightening Government ScrutinyPushing for Crypto Self-Regulation Amid Tightening Government Scrutiny
cointelegraph.com - October 12 at 8:09 PM
Bitcoin Breaks $3,600 Price Point, Some Top Cryptos See Double-Digit GainsBitcoin Breaks $3,600 Price Point, Some Top Cryptos See Double-Digit Gains
cointelegraph.com - February 9 at 4:07 AM
CookieMiner Malware Tries to Hack Mac Users’ Cryptocurrency Exchange Accounts, ReportCookieMiner Malware Tries to Hack Mac Users’ Cryptocurrency Exchange Accounts, Report
cointelegraph.com - February 1 at 5:49 AM
Top 5 Crypto Performers Overview: Tron, Litecoin, Binance Coin, Dash, MoneroTop 5 Crypto Performers Overview: Tron, Litecoin, Binance Coin, Dash, Monero
cointelegraph.com - January 27 at 1:22 PM

Social Media Mentions

Monero (XMR) Reddit Feed


This page was last updated on 8/8/2020 by MarketBeat.com Staff

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