In the market, Monero [XMR] continues to gain popularity because it provides a solution for privacy in transactions. Monero [XMR] is this openly sourced cryptocurrency which has focused mainly on decentralization and privacy. Monero requires less power and less heat is generated when compared to other cryptocurrencies.

https://ambcrypto.com/wp-content/uploads/2018/04/Monero-3-e1525105015992.jpg

The Monero mining rig has a longer lifetime with respect to some other cryptocurrencies. Monero/CryptoNight algorithm mining operations are lower than mining for other cryptocurrencies using different algorithms.

Monero [XMR] is now trading at the $243 zone. It has a total market cap of around $3 billion. The market price of Monero has dropped by 1.81 percent in the last 24 hours. Over the last week, we have seen a gradual decrease in the price of the coin.

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