Monero (XMR) has experienced a slight increase in value, currently priced at $156.22, marking a 0.44% rise over the past 24 hours. This modest gain has impacted its market capitalization, which now stands at approximately $2,881,728,245. Monero is ranked #28 in the cryptocurrency market by market cap, underscoring its significant position among digital assets.
In terms of trading activity, Monero’s 24-hour trading volume has reached $105,361,599, reflecting a notable 23.00% increase. This surge in trading volume highlights active market participation and investor interest.
The volume-to-market cap ratio is approximately 3.65%, indicating a healthy level of liquidity and trading activity relative to its market capitalization. This ratio is crucial for assessing the token’s liquidity and overall market dynamics.
The circulating supply of Monero is 18,446,744 XMR, which is also its total supply, as Monero does not have a capped maximum supply. This fixed supply situation can influence the token’s scarcity and value over time.
The absence of a maximum supply means that the circulating supply of Monero can continue to grow, potentially affecting its market value and inflation dynamics.
The fully diluted market cap of Monero is equal to its current market cap of $2,881,728,245, reflecting the total potential market value if all tokens were considered. This figure provides an estimate of the token’s value if all available coins were in circulation, offering insights into its long-term value potential.
Monero’s recent performance, characterized by a stable price increase and increased trading volume, indicates a steady level of investor engagement and market interest. The healthy trading volume relative to its market cap suggests that Monero remains an actively traded and liquid asset in the cryptocurrency market.
In conclusion, Monero (XMR) continues to demonstrate stable growth and significant trading activity. Its market cap, trading volume, and liquidity metrics reflect a solid position in the cryptocurrency space.Investors and market participants should consider these factors when evaluating Monero’s potential and making investment decisions.