Monero (XMR) Signals, Live Price and Analysis - FXleaders

Monero Price (XMR/USD)

<% (signals.list.current.rate).substr(0,9) %>
OPEN
<% (signals.list.current.openrate).substr(0,9) %>
HIGH
<% (signals.list.current.high).substr(0,9) %>
LOW
<% (signals.list.current.low).substr(0,9) %>
<% (signals.list.current.absolute).substr(0,9) %> (<% signals.list.current.percentage|toFixed:2 %>%)
TYPE Crypto
GROUP Majors
BASE Monero
SECOND
Add to Watchlist

XMR/USD Signals

DON'T WANT TO MISS ANY SIGNAL? GO PREMIUM
ACCESS ALL FX, COMMODITIES & CRYPTO SIGNALS. GO PREMIUM
<% signal.pair %> (<% signal.rate %>)
<% signal.action %>
<% signal.status %>
Long Term
Entry Price
Stop Loss
Take Profit
PREMIUM
<% signal.stopLoss %> N/A
PREMIUM
<% signal.takeProfit %> N/A
PREMIUM
<% signal.comment %>
Description
<% signal.description %>
LATEST ANALYSIS
<% item.time_ago %> Ago
<% item.title %>
<% item.deltaTime %>

XMR/USD Technical Analysis

Last Updated: <% indicators.interval.updated|date:'MMM d, y h:mm:ss a' %>
Market Trend
Strong Sell
Sell
Neutral
Buy
Strong Buy
Loading Market Trend ...

Market Sentiment

BUY: <% indicators.sentiment.buy.length %>
SELL: <% indicators.sentiment.sell.length %>
NEUTRAL: <% indicators.sentiment.neutral.length %>
Strong Sell
Sell
Neutral
Buy
Strong Buy

Trend Indicators

NAME
VALUE
ACTION
Bollinger Bands
UPPER: <% indicators.data[indicators.interval.active].bbands.value.upper %>
MIDDLE: <% indicators.data[indicators.interval.active].bbands.value.middle %>
LOWER: <% indicators.data[indicators.interval.active].bbands.value.lower %>
Sell
Buy
Parabolic SAR
<% indicators.data[indicators.interval.active].sar.value %>
Sell
Buy
Standard Deviation
<% indicators.data[indicators.interval.active].stddev.value %>
High Volatility
Low Volatility

Oscillators

NAME
VALUE
ACTION
RSI(14)
<% indicators.data[indicators.interval.active].rsi.value %>
Sell
Buy
MACD(12,26)
<% indicators.data[indicators.interval.active].macd.value %>
Buy
Sell
Neutral
ATR
<% indicators.data[indicators.interval.active].atr.value %>
High Volatility
Low Volatility
STOCH(9,6)
<% indicators.data[indicators.interval.active].stochastics.value %>
Buy
Sell
ADX
<% indicators.data[indicators.interval.active].adx.value %>
High Volatility
Low Volatility

Moving Averages

PERIOD
SIMPLE
EXPONENTIAL
MA5
<% indicators.data[indicators.interval.active].sma5.value %> Buy Sell
<% indicators.data[indicators.interval.active].ema5.value %> Buy Sell
MA10
<% indicators.data[indicators.interval.active].sma10.value %> Buy Sell
<% indicators.data[indicators.interval.active].ema10.value %> Buy Sell
MA20
<% indicators.data[indicators.interval.active].sma20.value %> Buy Sell
<% indicators.data[indicators.interval.active].ema20.value %> Buy Sell
MA50
<% indicators.data[indicators.interval.active].sma50.value %> Buy Sell
<% indicators.data[indicators.interval.active].ema50.value %> Buy Sell
MA100
<% indicators.data[indicators.interval.active].sma100.value %> Buy Sell
<% indicators.data[indicators.interval.active].ema100.value %> Buy Sell

Pivot

PIVOT
CLASSIC
FIBONACCI
CAMARILLA
WOODIE
S3
<% indicators.data[indicators.interval.active].pp.data.result.classic.s3 %>
<% indicators.data[indicators.interval.active].pp.data.result.fibonacci.s3 %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.s3 %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.s3 %>
S2
<% indicators.data[indicators.interval.active].pp.data.result.classic.s2 %>
<% indicators.data[indicators.interval.active].pp.data.result.fibonacci.s2 %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.s2 %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.s2 %>
S1
<% indicators.data[indicators.interval.active].pp.data.result.classic.s1 %>
<% indicators.data[indicators.interval.active].pp.data.result.fibonacci.s1 %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.s1 %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.s1 %>
PP
<% indicators.data[indicators.interval.active].pp.data.result.classic.pp %>
<% indicators.data[indicators.interval.active].pp.data.result.fibonacci.pp %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.pp %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.pp %>
R1
<% indicators.data[indicators.interval.active].pp.data.result.classic.r1 %>
<% indicators.data[indicators.interval.active].pp.data.result.classic.r1 %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.r1 %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.r1 %>
R2
<% indicators.data[indicators.interval.active].pp.data.result.classic.r2 %>
<% indicators.data[indicators.interval.active].pp.data.result.fibonacci.r2 %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.r2 %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.r2 %>
R3
<% indicators.data[indicators.interval.active].pp.data.result.classic.r3 %>
<% indicators.data[indicators.interval.active].pp.data.result.fibonacci.r3 %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.r3 %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.r3 %>

About Monero (XMR)

Monero (XMR) is a digital currency with a focus on privacy, which it achieves by leveraging cryptography to secure all transaction details, including identities of senders and receivers as well as the amount. It boasts of a secure, private and untraceable method to transfer payments digitally, keeping all transactions on its network completely unlinkable and untraceable.Its unique features that allow for complete anonymity have contributed to its rising popularity - something that other cryptocurrencies like Bitcoin are unable to offer as they feature the use of complete transparency on their blockchains.

As of February 2021, Monero is ranked as the 21st largest cryptocurrency with a market cap of over $3 billion, and is among the strongest performers in the crypto market. From January 2017 to January 2018, the Monero price went up from $10 all the way to $494, giving investors a return of nearly 5,000% over the period of one year. From January 2020 to January 2021, the XMR rate has spiked by over 137%.

While it is a popular investment option among cryptocurrency traders, the Monero rate experiences considerable volatility and should be traded with ample expertise and care.

Monero Breakdown

Monero's blockchain is configured with an objective to maintain obscurity and it features a mining process based on the principle of giving equal opportunities to all users. With this in mind, the developers of Monero kept no stake for themselves upon its launch but have welcomed contributions and support from the community towards developing the network further.

Just like other cryptocurrencies, it is based on an open-source and completely permission-less philosophy. Where it differs from other popular digital currencies is its focus on complete privacy and provides absolutely no transaction history that will allow users to trace back what kind of payments were made using each XMR coin.

Monero also has another distinct advantage over Bitcoin as it has no pre-set limit on the size of each block. Instead, it uses the concept of a block reward-penalty system which discourages spam transactions through the use of large penalties to prevent the addition of too much data into each block when mining XMR.

Monero XMR Price Prediction

Monero History

Monero was initially launched back in 2014 under the name 'BitMonero' with the intention to permit completely anonymous and secure transactions. The original team of creators behind Monero consisted of seven developers, of which five have chosen to remain anonymous. Rumors attribute Monero's invention to Satoshi Nakamoto - the person credited with inventing the original cryptocurrency, Bitcoin.

The origin of Monero can also be linked to Bytecoin - a digital currency with a focus on privacy, which was launched back in 2012. Monero originated from a fork of BCN's codebase by a Bitcointalk forum member, and since then, hundreds of developers have contributed to improving the XMR network.

While things mostly remained quiet for the first two years, Monero started to gain traction by mid-2016 when a market on the Dark Web - Alphabay, began accepting payments in XMR coins. The level of anonymity it offered then came into the spotlight, catapulting a rise in XMR price between August and September 2016 by as much as 2700%. The next significant spike in the Monero rate was observed a year later, in August 2017, when Bithumb allowed trading of Monero on its exchange.

Monero Price Factors

From the price history, we can see that XMR price moves based on a number of factors, especially updates to Monero's technology, its adoption rate and media coverage.

Adoption

While it remained largely under the radar for the first two years since its launch, Monero suddenly shot to popularity when it started gaining acceptance as a payment method and was allowed for trading on exchanges. This drove adoption rates higher and in turn, sent its value soaring. Going forward, when Monero gains a larger user base willing to make transactions on its network, it will turn more valuable, sending the XMR rate higher.

h3>Technological developments

Monero's network is still a work in progress, with its team of developers constantly innovating to add new features to the cryptocurrency and blockchain platform. In the immediate future, one aspect under development is titled "Kovri", a project that will improve the privacy aspect of Monero and even make it more scalable. Greater privacy and scalability, as well as the addition of new features can make it even more appealing and drive the XMR price up going forward.

Media coverage

In the highly volatile and unpredictable world of cryptocurrencies, a significant portion of the moves are dictated by news coverage. Positive news that reveals how its adoption is on the rise serves to drive the Monero price higher, as we have noticed in the past. On the other hand, negative news related to XMR and cryptocurrencies in general can make investors wary and drive the Monero rate lower.

Regulations

Monero's greatest strength - privacy, can also potentially become its greatest weakness if and when regulators turn their focus towards the crypto market. In most parts of the world, cryptocurrencies remain unregulated, although they have received considerable interest from governments and regulatory authorities.

When the crypto space becomes more regulated, governments can demand greater accountability and responsibility from developers to ensure that their digital currencies are not used for illegal transactions. Monero, with its complete anonymity, could find it hard to comply with such regulations and face challenges in such a scenario, which could potentially exert a downward pressure on the XMR rate.

Trading Monero

Several leading brokers permit trading of Monero against other leading cryptocurrencies as well as fiat currencies, with XMR being one of the most popular options. Trading Monero (XMR) requires greater care as it is more volatile and its adoption rate is significantly lower than other, more popular cryptocurrencies like Bitcoin and Ethereum.

As a result, trading XMR will require you to have more fundamental knowledge about developments that can have a direct impact on Monero price. Do your research well and garner an understanding of its adoption and usage before investing in Monero. In addition, ensure that you keep yourself up to date with all the latest developments in the crypto market overall as well.

Lastly, keep an eye on the performance of the larger cryptocurrencies. While there may not be a direct and obvious correlation, many times, moves in the Monero chart can be dictated by price trends in Bitcoin and other cryptocurrencies as well.

Monero News

XMR/USD - FAQs

What is Monero?

Monero is a cryptocurrency with a focus on privacy, which keeps user and transaction details obscure. It was launched in 2014 as a decentralized, peer-to-peer cryptocurrency with a USP of offering complete anonymity on its blockchain network.

How can I trade Monero?

You can trade Monero by opening an account on a cryptocurrency exchange that supports this cryptocurrency. Once you convert your capital into Monero and store it in your wallet, you can link the wallet with a digital exchange to trade Monero for other cryptocurrencies or even fiat currencies.

How can I store Monero?

As a digital currency, Monero lacks a tangible form. However, your investment in Monero can be stored in wallets - on the web which you can access online using any device, on a single device using a desktop wallet or even in a hardware wallet that stores your Monero coins offline and offers greater security.

What can you buy with Monero?

You can use Monero to purchase goods and services online, using payment gateways that support transactions in this cryptocurrency, across a wide range including entertainment, apparel, jewelry, web hosting services, online travel, and more. For a full list of merchants and services that accept Monero as payment.

Is it legal to buy Monero?

Most countries around the world allow citizens to buy cryptocurrencies, including Monero. However, some countries, including Algerian, Bangladesh, Bolivia, Ecuador, Nepal and Macedonia consider it illegal to buy and sell digital currencies. Unlike the larger and more popular cryptocurrencies, Monerao's privacy features - which keep transactions anonymous, makes it a popular way to indulge in illegal activities, because of which it could be under greater scrutiny by authorities.

Is Monero regulated in the UK?

While the UK has not yet regulated the cryptocurrency market, it does allow users to buy and sell digital currencies, including Monero. However, the FCA - UK's financial regulatory authority, has recently imposed a ban on trading cryptocurrency derivatives.

What are the risks in trading Monero?

While trading Monero, you should be aware that the cryptocurrency market in general experiences higher volatility and unpredictability than conventional financial markets. This is because Monero and other cryptocurrencies are yet to gain mainstream adoption and are influenced to a greater degree by media coverage, especially negative news that can send prices crashing unexpectedly. In addition, due to the anonymity feature of Monero transactions, it is considered a riskier cryptocurrency to own, transact and trade in as it is used for several illegal activities.