Monero is the most popular privacy coin. Monero is built on public distributed ledger blockchain technology. XMR is the symbol for Monero coins. Monero offers users to send and receive funds in complete anonymity as the biggest privacy coin. Transactions can not be traced because of the stealth address method Monero uses. Monero is banned in some countries, including Japan and South Korea.
With a total market cap of over $2.78 billion, Monero is the No. 26 cryptocurrency by market size. The currency symbol for Monero is XMR and it was launched in April 2014. Monero uses the RandomX hashing algorithm and it has a blocktime of 2 minutes. There will only ever be 100 million Monero tokens issued. So far 18.1 million tokens (18.1% of the total supply) have been issued.
We found savings accounts offering up to 5% APY on Monero deposits and loans as low as 4.5% APR against Monero used as collateral. Check out our Monero staking yields table and Monero loan rates table for further details.
The technical price analysis for Monero below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Monero.
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Monero FAQs
QWhen was Monero launched?
AMonero was launched in April 2014.
QWhat is the blocktime for Monero?
AThe blocktime for Monero is 2 minutes. Blocktime is the time interval between new blocks being added to the blockchain. Some people argues that slower blocktimes are more secure and scalable and that faster blocktimes allow faster transactions. It is a highly debatable topic in the crypto community.
QWhat hashing algorithm does Monero use?
AMonero uses the hasing algortihm RandomX.
QWhat was the highest price that Monero ever reached?
AThe highest price that Monero ever reached was $542.33 USD. This all time high price occured on 9 Jan 2018.
QWhat was the lowest price that Monero ever reached?
AThe lowest price that Monero ever reached was $0.21618 USD. This all time low price occured on 14 Jan 2015.
AYes Monero is mineable which means that new coins can be created by miners working on the network.
QWhat concensus algorithm does Monero use?
AMonero uses a proof of work concensus algorithm.
QIs it possible to stake Monero to generate passive income?
AYes, staking is available for Monero on a number of platforms. For a full list of Monero staking yields see our list of Monero staking yields.
QHow much can I earn staking Monero?
AYou can earn up to 5% APY by staking your Monero tokens. Check out our Monero staking yields table for further details.
QWhere is the best place to stake Monero?
ARight now the best staking rates are on Coinloan with an income rate of up to 5% APY.
QIs it a good time to buy Monero?
AYou can check the technical indicators for Monero on the Monero Price Trend tab. These indicators are based on the analysis of multiple trading signals for Monero.
QWhere is the best place to buy Monero?
AYou can find the cheapest exchange on which to buy Monero on the Monero Buy tab.
QWhich crypto wallets support Monero?
AYou can check which wallets support Monero on the Monero Wallets tab.
QCan you get a Monero loan without collateral?
AAlmost all Monero loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is Monero flash loans which allow you to borrow uncollateralised Monero for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all Monero loans on the Monero Loans tab.
QWhich venture capital firms have invested in Monero?
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