Monero Price

Follow the Monero price in euro, dollar and pound

Are you looking for some crucial information about the Monero price? We have some good news for you, on this page you can find an interactive pricing graph providing valuable information about the XMR value. In the top section of the widget, you can see the name of the coin and its current price in major fiat currencies, US dollars, Euros, and Pounds.

By default, the 1M view is selected, so you are seeing the daily Monero price for the whole month in dollars. If you want to check the price for a day, week, month, quarter, half a year, and a full year, you can select the desired time frame on the top right corner of the graph.

Also, there is an option to check the Monero price for a specific interval. To check this, put the desired dates in the space available in the top left corner of the chart. At the bottom of the widget, you can see the trading volume of Monero in USD during the selected period.

XMR price in euros, dollars and pounds

In the below widget, you can find the current price of XMR in EUR, USD, and GBP. Do you want to know the summary of daily, weekly, and monthly performance of the Monero price? Look at the table below where you can find the daily, weekly, and monthly change in the XMR price in one place.

Also, you can find the highest and lowest, opening and closing price, market cap, and trading volume over the past 24 hours.

Note: There can be a difference of a few dollars and euros in prices, because the price data is provided by two different companies.

The history of Monero’s price

Since June 2014, the Monero price has increased by many folds. In 2014 the Monero traded for $2.47 per XMR. The price remained relatively constant till September 2016, when the price moved to $12.23 a coin. The real jump was in December 2017 when the price jumped to $350+ per coin. This happened when the majority of cryptocurrencies were rising during the bull market.

Monero is among the top-notch cryptocurrencies available in the market. It was created in 2014 and later led by Johnny Mnemonic and hand full of people. Monero attracted a large number of people, who are conscious of their financial privacy. In 2016, the privacy features to expedite the growth of transaction volume and market capitalization of the currency. In the same year, the growth of XMR was recorded highest in the market. Until now Monero raised just one time the unknown amount of money from block ventures and Arbi Khodagholian in late 2015.

In January 2017, Bitcoin core developer Gregory Maxwell’s algorithm called confidential transactions further strengthened the privacy of the cryptocurrency. The all-time low Monero price was recorded in January 2015, when one coin was sold for 0.21 US dollars. Moreover, the highest price till now has been recorded in January 2018 when one XMR coin was traded for $495.48. Those who invested in Monero in early 2017 have earned a large sum of money at the end of the year.

If you check the performance of Monero, you will find that the price increased quite well in the whole year. At the end of 2019, Monero was selling at $62.39 per token, that was 31% increase in its price since January.

• Monero (XMR) ransomware hits telecoms giant in Argentina

Monero historical prices

The table below shows you the Monero price history of last week. You can also check the daily volume and price change during in the same widget. This can help you get comprehensive information at a single spot.

How is the Monero price established?

The price of any asset is established by its supply and demand in the market. When the demand is high and supply is low, then the price will rise and the opposite will be the case when there will be plenty of supply and low demand. The increase and decrease in the price of a cryptocurrency also depend on its reputation in the industry.

If the digital currency is backed up by a strong team and large funding, then there are fewer chances of the project to go down. This helps the company to establish a good reputation in the market. Investors have more confidence in projects that are backed by big numbers and big names. This assures them that their investment is in safe hand.

Many cryptocurrencies lost their price value in the past due to hacking attacks attempted on them. The breach in the security resulted in lower prices, which resulted in low market demand for the specific cryptocurrency.

The behavior of the market towards any specific cryptocurrency can affect the price. If the investors are talking positively then there are chances that price will rise and vice versa is true when investors talk negatively about the coin.

Monero price prediction

If you see someone predicting cryptocurrency prices, that means you might are dealing with liars. This is because the prices of cryptocurrencies are volatile, and it is almost impossible to predict the price. However, some experienced investors can guess whether the price will increase or decrease, but no one can predict the future Monero price.

There is no doubt that the future of digital currencies can be bright. You will find many analysts forecasting the price of many coins. Some analysts are predicting that the Monero price will reach $400, but do you think that can be the case?

You will also find people from the market who are not very optimistic about the XMR price and predicting that price will fall more than 10%. So, who should you listen to? It is better to do the research yourself for a better understanding of the market condition.

What do you need to take into account with the Monero price?

Cryptocurrencies are riskier than other assets in the market. This is due to the volatile nature of its price. The Monero price can rise and fall at a faster speed. If you are risk-averse, then it would be better for you to invest in more stable asset. Sometimes, the big risk of cryptocurrency investments result in big winnings as well. But keep in mind that that’s not always the case.

Do not invest more money into cryptocurrencies than you can afford to lose. There are chances that you will lose all your money due to the quick price changes.

[wp-faq-schema title=”Frequently asked questions about the Monero price” accordion=1]