Over the past years, Monero (XMR) has made a name for itself as one of the top privacy coins in the market. It has also managed to find a spot in the coveted top 20 list (ranking based on ascending order of market capitalization) of cryptocurrencies. Clearly, it is doing something right. It is moderately priced at the time of writing at $51.97 but in its initial years, it had extremely low prices. But what has been the all time low Monero price in history so far?
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Today, we will only briefly touch upon what Monero is and delve into what its lowest price on all of its history has been. We have already told you what the highest price of Monero was and now it is time we tell you about the flip side of it.
What Is Monero Cryptocurrency?
Monero is a unique cryptocurrency that focuses on introducing the feature of privacy and anonymity to the ordinary benefits of cryptocurrencies such as Bitcoin.
As you have probably figured out by now, one of the most commonly perpetuated myths about blockchain and cryptocurrencies is that all cryptocurrencies are anonymous. While that myth is absolutely untrue, Monero is one of the few cryptocurrencies in the market that fit the criteria perpetuated by the said myth.
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It is a coin that makes your transactions untraceable, which in turn, makes your coins completely fungible in nature.
This means that while you would have to deal with the history of a certain Bitcoin’s unique transaction history, you would not have to do so for a Monero coin. Each Monero coin is as good as new and can be completely interchanged in place of the other.
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What Was The Lowest Price of Monero?
According to data sourced from Coinmarketcap, the lowest recorded price of Monero in history was 0.299859. XMR reached this price point on the 17th of December, 2014. It is unimaginable today that Monero had been priced so low but this happens to be the truth. Over the course of this whole day, this was the lowest point it hit.
Today, even during the crypto bear market, its price is many times what it was more than 4 years and highlights the improvement and growth this coin has rightfully seen over the last few years.
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