Monero Price Analysis – 23 February 2021 – Transactions surging
Monero Price Analysis - 23 February 2021 - Transactions and user interest surging
Created in April 2014, the privacy coin Monero (XMR) enables untraceable, unlinkable, private, and analysis-resistant transactions. The market cap currently stands at US$4.02 billion, ranking XMR 26th on the Brave New Coin market cap table, with US$602 million in trading volume over the past 24 hours. The XMR price is down 1.01% in the last 7 days.
The default privacy features used in XMR leverage Multilayered Linkable Spontaneous Anonymous Group signatures (MLSAG), ring confidential transactions (RCT), and stealth addresses. In September 2020, the Concise Linkable Spontaneous Anonymous Group (CLSAG) transaction format was added, which decreased transaction sizes by 25% and decreased verification times by 20%. Other coins with the optional ability to send private transactions include Zcash (ZEC), DASH (DASH), GRIN (GRIN), and PIVX (PIVX), which use Zero-Knowledge proofs or CoinJoin.
Watch The Full Monero Price Analysis on YouTube
XMR Price Analysis 23 February 2021
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