Monero Profile

XMR
 Crypto
  

USD 161.14  1.85  1.16%   

Market Performance
5 of 100
Odds Of Distress
Less than 23
Monero is trading at 161.14 as of the 8th of August 2022, a 1.16 percent increase since the beginning of the trading day. Monero has about a 23 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Cryptocurrency ratings for Monero are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of July 2022 and ending today, the 8th of August 2022. Click here to learn more.
Monero is peer-to-peer digital currency powered by the Blockchain technology. Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. More on Monero

Moving together with Monero

0.85BTCBitcoinPairCorr
0.81ETHEthereumPairCorr
0.69DOGEDogecoinPairCorr
0.76LTCLitecoinPairCorr
Monero is an online market maker for peer-to-peer digital cash-like asset called Cryptocurrency. Monero has been active in the last 3 months, and it is presently expressing a bullish sentiment. Cryptocurrencies such as Monero are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Monero are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Monero Crypto Coin Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Monero's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Monero or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Monero has very high historical volatility over the last 90 days
Latest headline from www.coindesk.com: UK Crypto Investors Should Limit Holdings, Financial Regulator Says - CoinDesk
Thematic IdeaUSD Crypto Fund (view all)
Exchanges
Bitlish Coinroom Exmo Kraken WEX Bitfinex Poloniex Bibox BigONE Binance Braziliex CoinEx Cryptopia DigiFinex EXX Graviex HitBTC IDAX Kucoin OpenLedger RightBTC TradeSatoshi ZB ZBG Zecoex Abucoins BTER CoinBene CryptoX InstantBitex Ironex Liquid Nuex Tokenomy TuxExchange
AlgorithmRandomX
Coin TypeMonero
Proof TypePoW
TechnologyBlockchain
Current Block Number2.7 M
Average Time To Mine a Block124
Current Network Hashes per Second2.5 B
Total Coins Mined18.16 Million
Latest Block Reward0.7387
Maximum Supply(1.0)
Launch Date2014-04-18
Whitepaperhttps://www.cryptocompare.com/media/38553937/monero.pdf
Websitehttp://getmonero.org/
Monero (XMR) is traded on CRYPTO Exchange. Monero is peer-to-peer digital currency powered by the Blockchain technology. Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)TelegramWhitepaper

Monero Target Price Odds Analysis

What are Monero's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Monero jumping above the current price in 90 days from now is about 37.87%. The Monero probability density function shows the probability of Monero crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the crypto coin has a beta coefficient of 1.3482. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Monero will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Monero is significantly underperforming DOW.
  Odds Below 161.14HorizonTargetOdds Above 161.14
62.03%90 days
 161.14 
37.87%
Based on a normal probability distribution, the odds of Monero to move above the current price in 90 days from now is about 37.87 (This Monero probability density function shows the probability of Monero Crypto Coin to fall within a particular range of prices over 90 days) .
Monero is peer-to-peer digital currency powered by the Blockchain technology. Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.Blockchain data provided by Blockchair , LocalMonero, andWhatToMine TelegramWhitepaper

Monero Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Monero market risk premium is the additional return an investor will receive from holding Monero long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Monero. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Monero's alpha and beta are two of the key measurements used to evaluate Monero's performance over the market, the standard measures of volatility play an important role as well.

Monero Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Monero Tangent Of Price Series is a trigonometric price transformation method
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Monero Against Markets

Picking the right benchmark for Monero crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Monero crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Monero is critical whether you are bullish or bearish towards Monero at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Monero without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to invest in Monero

You need to understand the risk of getting into digital currencies such as XMR before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Monero in four ways:

Buy XMR through an exchange

Get yourself a crypto wallet before embarking on your Monero journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Monero. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Monero through an exchange

You don't have to buy a full token when starting out since XMR is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Monero through a broker

If you don't want to store your Monero Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in XMR through an exchange-traded fund (ETF)

You can also invest in XMR through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Monero in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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Check out Your Current Watchlist. Note that the Monero information on this page should be used as a complementary analysis to other Monero's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Other Tools for Monero Crypto Coin

When running Monero price analysis, check to measure Monero's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Monero is operating at the current time. Most of Monero's value examination focuses on studying past and present price action to predict the probability of Monero's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Monero's price. Additionally, you may evaluate how the addition of Monero to your portfolios can decrease your overall portfolio volatility.
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