Monero (XMR) is a cryptocurrency focused on privacy and security, designed to offer anonymous and untraceable transactions. Below are some key points:
- Technology: It uses advanced cryptography such as ring signatures, stealth addresses, and RingCT (Confidential Transactions) to conceal the identity of the sender, receiver, and the amount of transactions.
- Purpose: It is popular among those seeking financial privacy, unlike Bitcoin, where transactions are visible on a public blockchain.
- Decentralization: It operates on a decentralized network without a central authority, similar to other cryptocurrencies.
- Current value: According to your image, XMR is at 320.91, with a bearish trend of 76.7%, indicating a significant recent drop (note: specific data may vary over time; consult current sources for accuracy).
- Use: It is used in exchanges, as a means of payment on some sites, and occasionally in activities requiring anonymity, although this has generated controversy.
Based on the image, it can be concluded that the cryptocurrency market shows a mixed sentiment, with a "Fear and Greed" index at 48 (Neutral), although it has leaned towards "Greed" in recent days, weeks, and months. Monero (XMR) stands out with a value of 320.91 but faces a strong bearish trend of 76.7%, suggesting uncertainty or massive sell-offs. Popular categories like Binance HODLer, Tap To Earn, and AI Agents also show declines (between -5.20% and -6.87%), indicating a possible adjustment or correction in the crypto market as of 07:11 AM -05 on June 18, 2025.