![]() ![]() Monero (XMR)’s value showed a 1,886% increase and touched its current all-time high of $517.62. From March 2020 to May 2021, Monero performed a bull run that added significantly to its overall growth. But the situation quickly recovered from the bearish outlook, and privacy coins like Monero nearly tripled their original value. The year of the global pandemic started off pretty weak for cryptocurrencies as a whole. The maximum value for XMR remained over $119 as the average market capitalization reached $1.1 billion. In 2019, XMR became the 13 th largest cryptocurrency (by market cap). A major part of the dark web put the spotlight on Monero (XMR) price, which was recognized as a better version of Bitcoin because it was untraceable. But when the bullish sentiments disappeared from the market, Monero prices came down to $37 at the end of 2018.īased on its privacy features and price surges in the past year, Monero saw increased demand and popularity in 2019. Around the same time, the broader market price surged and carried Monero (XMR) price level to $469. But in January 2018, XMR individual prices peaked along with the rest of the crypto market. Like the majority of altcoins, the value of Monero remained below its peak value for many years. Let’s take a look at how Monero price trends have looked in the past 3 years. During the current crypto winter, Monero (XMR) price has experienced bearish market sentiment like the other altcoins. Since entering the global cryptocurrency market, Monero has seen several ups and downs. XMR is also a fungible and indistinguishable coin because its transaction history remains hidden. For starters, Monero gives users complete control over their transactions, as nobody gets to see how and when you’re spending it. Monero has several unique aspects that separate it from other general cryptocurrencies. The community shortened the name BitMonero to Monero (XMR), and in 2017, this cryptocurrency saw a major update, transforming it into a renowned privacy coin. ![]() After Bytecoin underwent a fork in 2014, BitMonero came to the scene as a solitary crypto. At that point, Bytecoin became known as one of the first real-life implementations of CryptoNote, an application-layer protocol known to power several decentralized currencies. Among the things we know about Monero are: It started as a small-scale online project in 2012. Monero’s history is still under wraps, as very little is known about its background. ![]()
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