Monero (XMR): the most anonymous coin in the cryptocurrency sphere

What is Monero (XMR)?

Monero (XMR) has long established itself as one of the most trusted coins in the crypto market due to its high level of anonymity and unique system.

Monero (XMR) is an open-source decentralized coin launched in 2014. It is characterized by a high level of privacy, due to which its exchange has been restricted on many cryptocurrency exchanges.

Available reserves:

recalculation...

Not enough reserve? Contact Us

Minimum:

Maximum:

Up to 10 transactions per card per day.

Price change XMR 24h

Key features of Monero (XMR)

Anonymity of XMR transactions

Monero (XMR) is a coin that uses so-called Ring Signatures and Stealth Addresses. This allows all important information about the sender and receiver to be hidden, making transactions virtually untraceable.

Confidentiality of XMR transaction amounts

Ring Confidential Transactions (RingCT) technology provides a high level of privacy for transfers without revealing their amounts.

Dynamic XMR Block Size

Monero supports dynamic block size, which allows the network to be adaptive and adjust to transaction volume.

Monero's resilience to ASIC mining

The RandomX algorithm is optimized for XMR mining on conventional processors (CPUs), which expands mining methods and increases variability.

Code Transparency

Monero (XMR) is an open source project, allowing any competent community member to test and improve it, ensuring the safety and reliability of the network.

The XMR (Monero) project has become popular in the crypto community precisely because of its uniquely high level of anonymity. This coin is designed in such a way that the user can control the level of anonymity himself.

All XMR users have a “view key” that can be used to access an account in combination with a corresponding private key.

The user can transfer their key to selected individuals in the following combinations:

Access to the XMR storage in the account only
Access to all historical and current XMR transactions
Access only to specific XMR transactions on the account

The maximum Monero exchange rate was reached on May 7, 2021 – 500.23 USD. At the moment, the price of Monero (XMR) has fallen by more than 57% compared to ATH.

There are 18.45 million Monero (XMR) in current circulation. There is no maximum supply of the coin. Monero (XMR) has a market capitalization of 3.94 billion.

On the Coin24 website, you can use the XMR converter by entering the desired amount in “You Send” or “You Receive”.

Monero (XMR) is traded on a variety of exchanges including Binance, Huobi Global, Gate.io, KuCoin and many others. Typically, Monero can be bought paired with BTC, USDT or any other popular cryptocurrency.

Some popular exchanges (e.g. OKEX) have delisted XMR because it does not meet the requirements of the intergovernmental organization for money laundering (FATF) due to its high anonymity and other unique properties.

XMR is often used for purchases on the darknet for this very reason.

At the moment, the price of Monero remains relatively stable. The Monero rate for the last 24 hours can be found on any crypto platform, such as CoinMarketCap or CoinGecko.

CrowdStrike, a cybersecurity company, has identified a phishing campaign distributing malware for mining the Monero cryptocurrency.

Attackers are sending emails posing as CrowdStrike’s human resources department and offering to link to a fake website that mimics a legitimate job search platform.

This site offers to download a bogus “CRM application for employees.” Once downloaded, an XMRig miner is installed on the user’s device to mine Monero.

The malware is placed in critical system directories. Moreover, it is automatically launched every time the system is restarted.

CrowdStrike reminds that it never asks job seekers to download any interview software.

The company strongly recommends refraining from clicking on suspicious links received in emails.

What's in store for Monero?

Monero (XMR) has a number of unique features that make it one of the most popular coins on the market. The technology that breaks down a Monero transaction into smaller amounts makes trying to track an XMR transfer nearly impossible.

For this reason, Monero transactions are banned in some countries. In other countries where trading the coin is not banned, however, transfers are still closely monitored.

CoinCodex expects that the price of XMR could reach 417.94 USD by 2025, an increase of 89.79% from the current price. Changelly, on the other hand, predicts a more modest rise for Monero.

In any case, it is worth remembering that the crypto market is quite volatile, and if we take into account the regulation of Monero and the close attention of the authorities, it is difficult to predict the change in price and the future of the coin.

However, if the creators focus on its advantages and show the usefulness of Monero in the legal field, it may become a trigger for the development of the project and its acceptance by regulators.