Understanding the current value and dynamics of Monero (XMR) is essential for any crypto enthusiast or investor. This guide provides a detailed look at XMR's live price, market performance, key features, and practical information.
Live Monero (XMR) Price and Market Data
As of the latest data, the live price of Monero is $320.74**. Over the past 24 hours, it has seen a trading volume of approximately **$42.44 million. While the price saw a slight decrease of -0.23% in the past day, it has shown positive momentum over the last week, increasing by +3.66%.
Monero currently has a circulating supply of 18,446,744 XMR, contributing to a market capitalization of $5.94 billion. This places it as the 19th largest cryptocurrency by market cap. The market cap change today is not significant, marked as --%.
Historical Price Performance
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.09 | -0.02% |
| 7 Days | $13.61 | +4.40% |
| 30 Days | $-28.9 | -8.21% |
| 3 Months | $41.9 | +14.91% |
XMR Exchange Rates to Major Currencies
- 1 XMR to USD: $320.74
- 1 XMR to EUR: €272.4
- 1 XMR to AUD: $489.12
- 1 XMR to KRW: ₩437,703.48
- 1 XMR to JPY: ¥46,303.26
- 1 XMR to GBP: £234.76
- 1 XMR to INR: ₨27,399.11
- 1 XMR to IDR: Rp5,191,757.03
- 1 XMR to CAD: $435.93
- 1 XMR to RUB: ₽25,291.12
Is Monero (XMR) a Good Investment?
Monero has delivered substantial gains to its investors in previous bull markets. Its core strength lies in its powerful privacy features, which allow for completely anonymous transactions. However, this same feature is also its most significant challenge.
Regulatory scrutiny surrounding privacy-focused coins has limited XMR's availability on many major exchanges. This reduced availability can impact liquidity, potentially restraining its price growth compared to other cryptocurrencies during market upswings.
Despite this, Monero maintains a strong market cap and a dedicated community. Its value proposition is clear for users seeking true financial privacy and low transaction fees for global transfers. For those interested in assets with strong fundamentals, it remains a notable project. 👉 Explore more strategies for evaluating privacy coins
XMR vs. Bitcoin: Key Differences
While both Monero and Bitcoin use a Proof of Work (PoW) consensus mechanism, they diverge significantly in purpose and function.
Primary Use Case
Bitcoin, the original cryptocurrency, was created as a decentralized digital currency for peer-to-peer payments. Over time, it has evolved to be seen primarily as a store of value or "digital gold" due to its limited supply of 21 million coins.
Monero was designed specifically to enhance privacy. It uses ring signatures and stealth addresses to obfuscate transaction details, making the sender, receiver, and amount confidential. Its lower price point also makes it more accessible for smaller investors.
Popularity and Availability
Bitcoin enjoys universal recognition and is listed on virtually every cryptocurrency exchange globally. Monero's focus on privacy has led to delistings from several prominent exchanges, affecting its ease of access for the average trader.
The History and Development of Monero
Monero's origin story begins in April 2014 on the Bitcointalk forum. It was a fork of Bytecoin, which was launched a month earlier but was quickly met with controversy due to its 80% pre-mined supply. The initial fork created BitMonero, which was soon forked again to become the Monero we know today.
The project has faced challenges, including a spam attack in September 2014, but has consistently matured. Key developments include the establishment of the Monero Research Lab and numerous network upgrades that have enhanced privacy, security, and transaction speed.
A landmark achievement was the introduction of atomic swaps between Monero and Bitcoin in August 2021, enabling trustless cross-chain exchanges. The development roadmap continues to focus on scalability, potentially through Layer 2 solutions.
How to Mine Monero (XMR)
Unlike Bitcoin, which requires specialized, expensive ASIC hardware, Monero is designed to be mined on standard computer CPUs. Its RandomX hashing algorithm is optimized for general-purpose processors, making mining more decentralized and accessible.
Here’s a step-by-step guide to start mining XMR:
- Acquire Hardware and Software: You can use a capable CPU. Install Monero mining software compatible with your system.
- Choose a Mining Method: Decide between solo mining (keeping all rewards but finding blocks less frequently) or joining a mining pool (earning smaller, more frequent rewards shared among pool members).
- Consider Cloud Mining: Another option is to rent cloud computing power to mine Monero, though this requires trusting a third-party service.
- Connect a Wallet: Configure your mining software to send any block rewards you earn to your secure Monero wallet address.
- Start Mining: Launch your software and begin contributing to the network's security.
👉 Get advanced methods for optimizing crypto mining setups
Frequently Asked Questions (FAQ)
How much is 1 Monero (XMR) worth?
The price of 1 XMR fluctuates based on market supply, demand, and sentiment. The real-time value is approximately $320.74.
What is the all-time high price of Monero (XMR)?
Monero reached its all-time high price of $517.62. The current price is down approximately 38.05% from this peak.
What is the all-time low price of Monero (XMR)?
The all-time low for XMR was $0.21. The current price represents a massive increase of over 150,000% from this low point.
How much Monero (XMR) is in circulation?
The current circulating supply of Monero is 18,446,744 XMR. Unlike Bitcoin, Monero does not have a hard-capped maximum supply, but it employs a tail emission model to incentivize miners indefinitely.
What is the market cap of Monero (XMR)?
Monero's market capitalization is calculated by multiplying the circulating supply by the current price. It is currently valued at approximately $5.94 billion.
How do I store Monero (XMR)?
You can store XMR in various wallet types:
- Custodial Wallets: Offered by exchanges for convenient, managed storage.
- Self-Custody Wallets: Software wallets for desktop, mobile, or web where you control your private keys.
- Hardware Wallets: Physical devices that offer the highest level of security for long-term storage.
- Paper Wallets: An offline method of storing your public and private keys.
How do I convert Monero (XMR) to cash?
The process typically involves two steps:
- Sell XMR for a Stablecoin: Trade your XMR for a stablecoin like USDT on a spot market.
- Cash Out: Use a peer-to-peer (P2P) platform or a supported crypto-fiat trading pair to exchange your stablecoins for your local currency (e.g., USD, EUR).