Cryptocurrency Q&A
Is Monero infinite supply?
Is Monero infinite supply?
Michele
Sun Sep 29 2024
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6 answers
1532
Can you clarify for me if Monero has an infinite supply? It's an important aspect to consider when evaluating the long-term potential of any cryptocurrency. With Bitcoin, for example, there's a finite supply of 21 million coins, which many argue contributes to its scarcity and potential for appreciation. Does Monero operate on a similar principle, or does it have an unlimited supply that could potentially impact its value proposition?
6 answers
FireflySoul
Mon Sep 30 2024
Monero's dynamic block size and privacy-focused features make it a popular choice among users who value anonymity and security. Its unique mining algorithm also makes it resistant to ASIC mining, ensuring a more decentralized network.
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Martina
Mon Sep 30 2024
Monero, a popular cryptocurrency, is currently trading at 144.61 Euros. This price reflects the market's valuation of the coin and its underlying technology.
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JejuJoyfulHeart
Mon Sep 30 2024
BTCC, a leading cryptocurrency exchange, offers a range of services to traders and investors in the Monero market. These services include spot trading, futures trading, and a secure wallet for storing Monero and other cryptocurrencies.
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CryptoTrader
Mon Sep 30 2024
XMR, the ticker symbol for Monero, has a unique feature of a "soft cap" on its total supply. This means that there is a limit to the number of Monero coins that can be mined, but it's not a strict cap.
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SsamziegangSerenadeMelodyHarmony
Mon Sep 30 2024
The soft cap for Monero is set at 18.4 million XMR. This limit is designed to prevent inflation and ensure the stability of the currency's value over time.
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