Monero Price

Monero (XMR) is a privacy-focused cryptocurrency launched in April 2014. It uses advanced cryptographic techniques to ensure transactions are untraceable and unlinkable. Key features include: - Ring signatures to obscure sender identity - Stealth addresses to hide recipient details - RingCT to conceal transaction amounts Monero aims to be a secure, private, and untraceable digital cash. It uses a proof-of-work algorithm called RandomX that is ASIC-resistant to maintain decentralization. As of 2026-01-31, Monero has a price of $470.71 with a 24-hour trading volume of $1.15M. It ranks #16 by market cap at $8.68B. The circulating supply is 18.44M XMR XMR coins. Monero has gained popularity for its strong privacy features. It is widely used on darknet markets and by those seeking financial privacy. The project is open-source and community-driven, with ongoing development to enhance privacy, security and usability. Analysts predict Monero could reach -- by 2027 and -- by 2031 as demand for privacy coins grows.

Monero was created on April 18, 2014. It was launched as an open-source cryptocurrency focused on privacy, decentralization, and scalability. Monero is based on the CryptoNote protocol, which differentiates it from many Bitcoin-derived cryptocurrencies. Since its creation, Monero has undergone several major improvements, including migrating to a different database structure to enhance efficiency and flexibility, implementing minimum ring signature sizes to ensure all transactions are private, and introducing RingCT to conceal transaction amounts.

-- was created by an anonymous group of developers under the pseudonym 'thankful_for_today' in April 2014. The original developer disappeared shortly after launch, and the project was taken over by a group of community volunteers. The core development team remains pseudonymous to maintain the privacy-focused ethos of XMR. While the founders are unknown, key contributors to Monero's development include Ricardo 'fluffypony' Spagni, who served as lead maintainer from 2015-2019, and the current lead maintainer 'binaryFate'.

Monero works through a combination of advanced cryptographic techniques to ensure privacy and security: 1. Ring Signatures: Obscures the sender's identity by mixing their transaction with others. 2. Stealth Addresses: Creates one-time addresses for each transaction to protect recipient privacy. 3. RingCT: Hides transaction amounts. 4. ASIC-resistant mining algorithm: Prevents centralization of mining power. 5. Dynamic block size: Allows scalability as network usage increases. 6. Decentralized network: Operated by a global network of nodes. 7. Open-source code: Allows community review and contributions. Monero aims to be a fungible, untraceable digital currency. Its blockchain is opaque, making transactions, sender/receiver identities, and amounts private by default. This privacy-centric approach differentiates Monero from more transparent cryptocurrencies like Bitcoin. As of 2026-01-31, Monero is ranked #16 with a price of $470.71 and a market cap of $8.68B. It has a circulating supply of 18.44M XMR XMR and no maximum supply limit.

Monero uses a unique technical architecture designed to prioritize privacy and security. Key components include: 1. CryptoNote protocol: Provides the foundation for Monero's privacy features. 2. Ring signatures: Obscures transaction senders by mixing their signature with others. 3. Stealth addresses: Creates one-time addresses for each transaction to protect recipient privacy. 4. RingCT (Ring Confidential Transactions): Hides transaction amounts. 5. RandomX: CPU-friendly mining algorithm resistant to ASICs. 6. Dynamic block size: Allows blocks to expand or contract based on network demand. 7. Bulletproofs: Reduces transaction sizes and improves verification speed. 8. Dandelion++: Network-level privacy enhancement for transaction propagation. This architecture enables Monero to offer unparalleled transaction privacy and fungibility while maintaining a decentralized and ASIC-resistant network. The codebase is open-source and actively developed by a global community of contributors.

The future of Monero looks promising, with ongoing development focused on enhancing privacy, security, and scalability. Key roadmap items include: 1. Continuous improvements to the RandomX mining algorithm to maintain ASIC resistance. 2. Implementation of Triptych, a new ring signature scheme to increase privacy and reduce transaction sizes. 3. Dandelion++, a network layer protocol to further obfuscate transaction origins. 4. Research into atomic swaps to enable trustless exchanges with other cryptocurrencies. 5. Ongoing work on second-layer solutions for improved scalability. By 2027, Monero aims to have these major upgrades implemented, potentially driving its price to --. Long-term projections suggest Monero could reach -- by 2031 as adoption grows. The commitment to privacy and fungibility positions Monero as a leading cryptocurrency for those valuing financial confidentiality.