>

Monero (XMR)

Monero (XMR)

The price of Monero is $139.42, a +4.58% change over the last 7 days. Learn more about Monero’s price history, how it works, and how to invest.

By:
Updated: Mar 21, 2023
Listen
Overview
Markets
Historical Data
Price Statistics
Monero price today
24h Change $4.17
24h Low $134.54
24h High $142.13
Market Cap $2.57B
Trading Volume (24h) $75.59M
Market Dominance 0%
Market Rank #49
Circulating Supply 18.44M
Max Supply -

Monero markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
BigONE BigONE
XMR/USDT $98.19 - - 0 Recently
2
Mercatox Mercatox
XMR/BTC $1,226.72 - - 0 Recently
3
BigONE BigONE
XMR/BTC $87.40 - - 0 Recently
4
RuDEX RuDEX
XMR/BTS $79.03 - - 0 Recently
5
Coinut Coinut
XMR/LTC $189.99 - - 75 Recently
6
LocalTrade LocalTrade
XMR/USDT $118.67 $25,262.08 $24,546.67 13,283 Recently
7
Graviex Graviex
XMR/BTC $94.45 - - 0 Recently
8
Coinut Coinut
XMR/BTC $166.82 - - 15 Recently
9
LocalTrade LocalTrade
XMR/BTC $140.27 $26,004.52 $26,930.35 46,288 Recently
10
WazirX WazirX
XMR/BTC $88.75 - - 0 Recently
1
BTCC BTCC
XMR/USDT $130.06 - - 172,307 Recently
2
Welcoin Welcoin
XMR/USDT $134.26 - - 56,990 Recently
3
UEEx UEEx
XMR/USDT $133.60 - - 12,012,064 Recently
4
WhiteBIT WhiteBIT
XMR/USDT $133.52 - - 152,893 Recently
5
BYDFi BYDFi
XMR/USDT $133.58 - - 27,554,523 Recently
6
Blofin Blofin
XMR/USDT $133.73 - - 986,941 Recently
7
StormGain StormGain
XMR/USDT $132.07 - - 640 Recently
8
Pionex Pionex
XMR/USDT $133.59 - - 105,891 Recently
9
B2Z Exchange B2Z Exchange
XMR/USD $133.50 - - 341,237 Recently
10
CoinEx CoinEx
XMR/USDT $133.63 - - 57,732 Recently
No data found
View more View less

About Monero

Copy link to section

Resources

Copy link to section

What is the Monero price today?

Copy link to section

The XMR price is currently $139.42. The price of Monero is +16.67% over the last 30 days. You can use the live Monero chart to track the XMR/USD price in real time above, or compare the Monero value today to its past performance using the Monero price history tab at the top of this page.

What is the total supply of XMR?

Copy link to section

The circulating supply is 18,439,506.05 XMR, out of a total maximum supply of 0.00 XMR.

What is the price prediction for Monero?

Copy link to section

The average Monero price prediction values the coin at $500 by the end of 2025. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is Monero?

Copy link to section

Monero is digital money that you use to buy goods and services online. The big selling point that sets it apart from other cryptocurrencies is that it allows you to remain anonymous by keeping details of who’s behind each transaction secret.

How does Monero work?

Copy link to section

Monero stores a history of all transactions on a blockchain. The Monero blockchain plays the role of a central bank; as the final arbiter of what goes on with the cryptocurrency, but control is spread out over many users rather than held by a central authority.

The key aspect that makes Monero different is that it scrambles the information contained in each transaction to keep it anonymous. It does so using a technology known as ‘Ring Signatures’, which mixes the private key associated with each transaction with ten others to obscure which of them actually made the payment.

How is the Monero network secured?

Copy link to section

The Monero blockchain is secured using a Proof of Work consensus mechanism. This is the same way that Bitcoin works. New ‘blocks’ of transactions added by users, known as ‘miners’, who dedicate money and resources to solving complex computer algorithms.

By dedicating those resources, in the form of powerful computer hardware, and earning a reward for doing so, these ‘miners’ are incentivised to act in the best interests of the blockchain and only add legitimate transactions.

What is Monero used for?

Copy link to section

It is used as a means of payment or value transfer online. Generally, by people who want to keep their identity secret when making transactions. With Bitcoin, it’s possible to track a user’s wallet address on the blockchain and find out who they are. Thanks to Ring Signatures, that is much more difficult with Monero.

Why does XMR have value?

Copy link to section

The anonymity is a big draw, because it speaks to one of the core ideals at the heart of cryptocurrency: the belief that you should be free to act as you like, rather than your actions being censored by big institutions.

XMR also plays a role as a testing ground for lots of new features. The software is designed to update automatically every six months, so it is at the cutting edge of new crypto enhancements. These changes can help enhance its value by making it more secure, anonymous, or valuable.

Who created Monero?

Copy link to section

The initial idea for Monero comes from a white paper that was written by Nicholas van Saberhagen in 2013. However the cryptocurrency itself was created by a largely anonymous group of developers, including Riccardo Spagni, in 2014.

The project has also gone through a variety of names. The initial white paper referred to it as ‘CryptoNote’, and there was a short-lived, fraud-laden crypto known as ‘ByteCoin’ that developed out of the white paper. Then ‘BitMonero’ was created in 2014, before dropping the ‘Bit’ and settling on Monero. The name Monero means ‘coin’ in Esperanto, the universal international language.

Is Monero the same as Bitcoin?

Copy link to section

Monero and Bitcoin are both cryptocurrencies and share similar features, but they are not the same. All transactions are hidden or scrambled on Monero, whereas on Bitcoin each wallet address is visible on a public blockchain. Bitcoin is also much larger and more popular than Monero, with far more real-world uses.

Where can I buy Monero?

Copy link to section

You can buy Monero on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in Monero?

Copy link to section

The simplest way to invest in Monero is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Monero alternatives?

Copy link to section

There are some other cryptocurrencies which are purely used as a transfer of value and which put privacy first, as Monero does. Here are some of its leading competitors.

  • ZCash. Zcash shares many similarities with Bitcoin.
  • Dash. Dash is a crypto that’s built for maximum privacy.
  • Bitcoin Cash. Bitcoin Cash is a hard fork of Bitcoin.

More crypto guides

Copy link to section

FAQs

Copy link to section
Is Monero safe?
Has Monero been hacked?
Is Monero illegal?
Is Monero used on the dark web?
James Knight
Editor of Education
James is the lead editor of education for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and… read more.

Trading ideas & analysis

Monero’s crypto protocol upgrade Is now live, how will this affect XMR value?
August 15, 2022
Top privacy coins to take your security to the next level
May 30, 2022
XMR reaches consensus for July hard fork, could this lead to an increased value?
April 19, 2022
What can we expect from the future of XMR?
April 11, 2022
How will Monero's value shift after Biden unveiled a Benign crypto oversight?
March 9, 2022
Monero (XMR) price prediction: can the crypto hit $200 by the end of March?
March 3, 2022

Latest Monero news

Tron Network's accomplishments in 2024; Monero & Borroe Finance spark crypto momentum
January 13, 2024
XMR, ZEC, ZEN update: Is Binance about to delist these privacy coins?
January 4, 2024
OKX to delist spot pairs for privacy coins XMR, ZEC and DASH
December 29, 2023
Monero, Avalanche poised for increased volatility as bulls dominate crypto markets
October 24, 2023
Crypto Winter explained: why Solana, Monero, XRP, ICP, BTC crashed
October 7, 2023
Huobi to delist 7 privacy coins including Monero and Zcash
September 13, 2022