Monero Price for today is $54.8198053977. Its current circulating supply is XMR 16,863,580 with a market cap of $924,458,180.
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Currently, Monero (XMR) is trading at $54.8198 with XMR price 2.42% up today. The market cap of Monero is USD 924,458,180 with 16,863,580 xmr circulating currently. The 24-hour price movement chart indicates that $99,285,467 worth of XMR were trading. The price peaked to $52.7211 in the last 24 hours while the lowest price was $51.3170.
As a real-time cryptocurrency aggregator, CoinSwitch provides the real-time XMR price chart that enables its investors to evaluate the Monero price prediction based on the price graph and the current XMR value.
While other cryptocurrencies in circulation are actually pseudonymous, Monero is an anonymous cryptocurrency, which is why it has a gained a lot of traction and growth in recent months. With many users looking for anonymous cryptocurrencies in the near future to perform their transactions, industry experts recommend investors to buy Monero at the current price levels in order to get better returns in the future. The investment outlook for this cryptocurrency is also positive as it is decentralized and not owned by any single organization.
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Modern-day investors trade in a variety of cryptocurrencies including the Monero (or XMR) for healthy returns of their investments. To encourage such investors, CoinSwitch, the most trusted cryptocurrency conversion platform provides an online investment platform where investors can buy (or sell) cryptocurrencies of their choice.
Among the major cryptocurrency aggregators in the financial market, CoinSwitch compares and presents the best-traded prices from multiple cryptocurrency exchanges thus allowing the investors to trade in more than 300 cryptocurrencies including Bitcoin, Monero, EOS, and Litecoin. Investors can now buy Monero or trade XMR in exchange for other cryptocurrencies.
To trade in cryptocurrencies, investors need to possess a cryptocurrency wallet to digitally store the cryptocurrency that they own. Thus, Monero coin investors can buy Monero coin from any of the supported Monero exchange and store them in their Monero wallet (ex MyMonero wallet) with its unique address and private key.
As a strict policy, CoinSwitch does not provide any cryptocurrency wallets to its investors neither do they request information on the wallet’s private keys.
Launched in the year 2014, Monero Cryptocurrency (or XMR) is an open-source and private cryptocurrency that has been designed and built using blockchain technology. Being a private cryptocurrency, the blockchain technology used in Monero is configured to make every transaction details anonymous by hiding the addresses of the users. These transaction details include the identity of all the senders and receivers along with the transaction amount. Monero implements its privacy through the use of ring signatures (or anonymous digital signatures) and stealth addresses (or one-time random addresses for each recipient and transaction).
This privacy approach makes Monero very different from Bitcoin cryptocurrency, which uses a pseudo name and addresses to hide the identity of the participants. Pseudo names, which are a combination of random alphabets and numbers do not offer complete privacy, as both Bitcoin addresses and transactions are registered and open to public access.
If you are new to crypto trading, it's always advisable to learn about, what is Monero, it's benefits and indicative return on investment.