Monero (XMR) Price Surges 10% in Last 24 Hours Following Recent Developments

   2022-03-13 10:03

  • The RINO wallet was released and is currently available in a public beta.
  • The ‘Oxygen Orion’ version of Monero GUI 0.17.3.1 was released.

As a privacy-focused cryptocurrency, Monero ($XMR) utilizes many cryptographic techniques to ensure transactions are both anonymous and untraceable by third parties. Additionally, Monero’s mining algorithm undergoes frequent protocol updates and is constantly improved.

All this is made possible thanks to a technique called Ring Signatures, which mixes the digital signature of a user transacting with another user to record the transaction on the blockchain. One of the reasons Monero ($XMR) has become one of the most popular privacy-oriented cryptocurrencies is its quick rise in value.



XMR/USDT: Source: TradingView

Examining the token’s performance over the past 24 hours, there was a slight uptick in price to $197. At its lowest point on March 7, the token was worth $153.75, and at its highest point on March 9, the token was worth $206.51 throughout the course of the last week.

Recent Developments

Monero has seen a lot of development since the beginning of this year. As a result, the ‘Oxygen Orion’ version of Monero GUI 0.17.3.1 was released on January 6, 2022. With this version, several issues were addressed, including the Apple Silicon startup problem, the password for the wallet creation process not resetting, update translations, and minor bug fixes and UI enhancements.

In addition, the RINO wallet was released and is currently available in public beta, an enterprise-grade Monero wallet with multiple signatures. PrimeXBT, a well-known cryptocurrency exchange, added the Monero (XMR) coin on its platform on March 3. According to CoinMarketCap, the Monero price today is $191.35 USD with a 24-hour trading volume of $252,602,298 USD. Monero is up 9.75% in the last 24 hours.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin21,171 0.01 % 0.60 % 3.41 %
Ethereum1,200.2 0.13 % 0.89 % 10.33 %
Tether1.001 0.05 % 0.11 % 0.01 %
USD Coin1.002 0.17 % 0.09 % 0.18 %
BNB234.66 0.01 % 2.14 % 8.56 %
XRP0.3620 0.22 % 1.92 % 12.29 %
Binance USD0.9998 0.06 % 0.03 % 0.18 %
Cardano0.4878 0.52 % 3.18 % 0.12 %
Solana40.55 0.46 % 0.95 % 31.36 %
Polkadot7.970 0.40 % 2.32 % 8.78 %
Dogecoin0.06654 0.23 % 0.89 % 16.46 %
Shiba Inu0.00001128 0.57 % 3.19 % 37.95 %
Dai1.001 0.12 % 0.03 % 0.07 %
TRON0.06445 0.13 % 2.24 % 7.40 %
Avalanche20.37 0.41 % 3.72 % 26.94 %
Wrapped Bitcoin21,146 0.11 % 0.76 % 3.22 %
LEO Token5.920 0.16 % 1.98 % 17.60 %
Lido Staked Ether1,166.9 1.01 % 0.54 % 14.64 %
Polygon0.5805 0.22 % 2.62 % 44.83 %
Litecoin55.31 0.37 % 1.89 % 15.90 %