Swap Monero (XMR) Instantly

XMR price during the initial years of its launch grew at a steady pace and there were no dramatic fluctuations. Monero price sky-rocketed in 2017 and recorded its all-time high, $495.84, on January 7, 2018. At the beginning of 2020, Monero price was just under $50. The first two months sparked hopes for a bull run in the community when the Monero price increased almost twofold. Bears were quick to hit the market once again in March following the economic recession and COVID-19 pandemic which lead to the fall of Monero price back to where it began the year 2020, which is around $50. By the end of June, the same year, the XMR price increased gradually to $60.

Monero price predictions suggest that by 2025 Monero price would be around $250 which is a very reasonable prediction considering the historical performance of XMR. In a more distant future, we may see Monero reach new heights. Monero is a unique offering from the crypto community to the masses to safeguard their identity while transacting money.

Monero is one of the first cryptocurrencies with a privacy-centric approach. Monero began with the whitepaper in 2013 by Nicolas van Saberhagen. Later, Bitcoin developers Gregory Maxwell and Andrew Poelstra joined the development. Finally, Monero was launched in April 2014, it runs completely with the support of community development and is completely decentralized.

Unlike other cryptocurrencies, Monero blockchain is designed to be opaque. Monero uses ring signatures, ring confidential transactions and stealth addresses to ensure the privacy of the users. Some of the noticeable features of Monero include fungibility which makes it impossible for companies to reject Monero due to the transaction history. Furthermore, Monero supports dynamic scalability in which there’s no pre-set block size limit. Monero trades with the ticker XMR and uses the Proof-of-Work consensus algorithm. Mining of Monero can be carried out with a personal computer and ASICs are not mandatory.