monero logo
Monero
XMR
$139.35

Sector

Privacy

Exchange Debut

2014-05-21

Market Cap

2,528,906,976

Maxim Supply

Circulating Supply

18,147,820

Circ. Supply(%)

monero logo

Monero

XMR

Price

$139.35

Market Cap

Sector

Exchange Debut

2,528,906,976
2014-05-21

Volume 24h

High 24h

Low 24h

52927877
140.41982048936
134.70775141569

Change 24h

Change 7d

Change 30d

1.8155
14.0545
-14.9434

Maxim supply

Circulating supply

Circulating supply(%)

18,147,820

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Monero-XMR cryptocurrency:

 

Monero (XMR), established in 2014, champions privacy and anonymity in digital transactions, contrasting the often traceable nature of other blockchains like Bitcoin. With a focus on security and user-friendliness, it caters to a wide range of technological expertise. The fundamental analysis of the Monero-XMR cryptocurrency reveals an overall score of 7.79 out of 10, indicating a strong position in several critical areas, with room for improvement in others.

SOCIAL & MASS MEDIA: Score 6.5 out of 10

Monero’s social and media presence is a mixed bag. The project excels in attracting followers and media presence, both scoring a perfect 10, showcasing its strong appeal and visibility. However, it falls short in community activity and chat group sizes, indicating a need for more robust community engagement strategies.

AUDIT & SECURITY: Score 7.7 out of 10

In audit and security, Monero scores a respectable 7.7. Its strong points include satisfactory audit results and liquidity on exchanges. However, there’s room for improvement in transparency, which is critical for trust in the cryptocurrency sector.

TOKENOMICS: Score 7.35 out of 10

Monero’s token economy reflects a balance, scoring 7.35. Its inflationary nature is well-managed, earning a perfect score. However, the centralization of the monetary mass is a concern, scoring low, indicating a need for more decentralized control mechanisms.

ECOSYSTEM DEVELOPMENT: Score 8.88 out of 10

The ecosystem development of Monero is robust, scoring 8.88. The project is on track with achieving its objectives and is actively planning new developments, indicating a forward-thinking and evolving platform.

TEAM & DEVELOPERS: Score 8.56 out of 10

Monero’s team and developers score an impressive 8.56, with a full score in the number of software developers. This reflects a strong and capable team, although there’s slight room for improvement in the team’s overall experience.

PRODUCT & UTILITY: Score 7.3 out of 10

In product and utility, Monero scores 7.3. The utility of the product is highly rated, but the utility of tokens within its ecosystem needs enhancement, suggesting a potential area for further development to increase token utility.

PARTNERS & INVESTORS: Score 8.5 out of 10

Monero’s partnerships and investor relations are strong, both scoring 8.5. This indicates a healthy level of trust and support from external stakeholders, crucial for long-term sustainability.

Fundamental analysis of the Monero-XMR cryptocurrency – The final conclusion

The fundamental analysis of the Monero – XMR cryptocurrency reflects a well-rounded project with strengths in ecosystem development, team expertise, and investor confidence. While it excels in certain areas like audit and security, and product utility, there are opportunities for improvement in community engagement and token decentralization. From an investment perspective, Monero presents a promising opportunity with manageable risks, especially for those valuing privacy and security in the evolving digital currency landscape. Its ongoing development and strong foundational aspects make it a noteworthy contender in the cryptocurrency market.

What is Monero?

 

Introduction to Monero (XMR)

Launched in 2014, Monero (XMR) is a cryptocurrency designed for private and anonymous transactions. Unlike Bitcoin (BTC), which is somewhat traceable due to its transparent blockchain, XMR uses advanced cryptography to conceal the identities of both senders and recipients. This emphasis on privacy and security makes Monero a popular choice among users seeking confidentiality in their transactions.

Origins and Development

Monero’s creation involved seven developers, five of whom chose anonymity. Its roots trace back to Bytecoin, a privacy-centric cryptocurrency established in 2012. In 2014, a Bitcointalk forum user, known as thankfulfortoday, forked Bytecoin due to disagreements within the community, leading to the birth of Monero. Over the years, Monero has seen contributions from hundreds of developers.

Privacy Features

Monero’s technology actively embeds privacy features, differentiating it from other privacy-focused cryptocurrencies. It obscures user data on the blockchain, significantly hindering user identification. This is possible through the use of ring signatures, which employ past transaction outputs as decoys. Additionally, Monero utilizes stealth addresses, uniquely generated for each transaction and only used once. These innovative mechanisms ensure the untraceability and unlinkability of Monero transactions, significantly enhancing user anonymity.

Monero’s Value Proposition

The value of Monero lies in its secrecy and anonymity. It enables users to conduct transactions without fear of surveillance from governments, hackers, or other external entities. This untraceability of XMR coins prevents blacklisting by businesses, making it a preferred choice for privacy-conscious users. Investors also see potential in Monero, anticipating an increase in demand for privacy, which could boost its price and market cap.

Uniqueness and Challenges

Monero stands out for its commitment to decentralization and privacy. Its fungibility, meaning each XMR coin is indistinguishable from another, sets it apart from cryptocurrencies like Bitcoin. However, these same features have led to Monero’s increased use in illicit activities, especially on darknet markets, drawing attention from governments worldwide. Despite these challenges, Monero continues to be a key player in the realm of privacy-focused cryptocurrencies.

Fundamental analysis of the Monero-XMR cryptocurrency

Monero-XMR performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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