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the best places to get free Monero $XMR online (legit – update)

What is Monero (XMR): A complete guide for newbies

Monero XMR is one of the most well known privacy coins in the cryptocurrency space. But what exactly is Monero, and how does it work?

If you’re new to the world of cryptocurrencies, understanding the ins and outs of Monero can be a bit overwhelming. Here’s a beginner’s guide to the XMR cryptocurrency, to help you understand what Monero is and how it works.

Understanding Monero XMR

Monero is a cryptocurrency that prioritizes privacy and confidentiality.

Unlike the majority of cryptocurrencies that are based on transparency and security, Monero offers a different approach by upholding the ideals of anonymity. This differentiates it from popular transparent blockchains like Bitcoin and Ethereum.

Monero’s roots can be traced back to the creation of Bytecoin, the first digital currency to use the CryptoNote technology launched in 2012. Despite Bytecoin’s lack of success, it paved the way for the development of privacy-focused cryptocurrencies, including Monero.

Monero ensures the anonymity of its users through technologies such as ring signatures, stealth addresses, and ring confidential transactions (RingCT). This makes every user on the Monero network anonymous by default, obscuring details about the sender, receiver, and the amount transacted.

Monero has gained recognition as a privacy-centric cryptocurrency, akin to transacting with physical cash due to its anonymity. However, this focus on privacy has also led to some challenges. Some regulatory bodies have imposed restrictions on privacy coins, resulting in certain exchanges delisting such tokens.

How to mine Monero?

Monero (XMR) offers a unique mining process compared to other cryptocurrencies. Its mining mechanism is designed to be compatible with a wide range of hardware, including lower-cost options like laptops (CPU) and graphics cards (GPU), making it more accessible to hobbyists.

At the heart of Monero’s mining process is the RandomX algorithm, a resource-efficient Proof-of-Work (PoW) algorithm optimized for general-purpose CPUs. This algorithm aims to prevent the centralization of mining power through behemoth mining rigs, a challenge often faced by cryptocurrencies like Bitcoin. It allows for the democratization of Monero mining, enabling a broader range of participants to contribute to the network’s security and earn rewards.

Monero also introduces an innovative concept known as “smart mining.” This method of mining is designed to be less intrusive and more energy-efficient than regular mining. It utilizes a computer’s unused processing power to mine Monero.

The best places to get free monero tokens

The most popular way to earn cryptocurrencies is, of course, mining – which is the process of supplying your computer’s computer power to the process of recording transactions on blockchain here some legit mining sources to get free monero tokens.

1.Faucets

Monero (XMR) faucets help obtain cryptocurrency with a focus on privacy.

Crypto faucets have become a popular way for users to access tokens without having to purchase them directly through exchanges. While payments are small, most do not involve extensive work or complex inputs. After all, the rewards are free and allow users to test different crypto-assets without spending a single penny.

1.Express Faucet

Express Faucet is not only one of the best monero faucets because it allows users to access multiple cryptocurrencies while at the same time providing a platform wallet for storage.

The built-in wallet may not compete with the official XMR application, but it does come with an encrypted algorithm and the tube provides a convenient shape for frequent users. Express reports with more than 24,000 users since its launch in October 2018, with a total of 0.57 XMR payments each

Express faucet features:

  • Claim every 30 minutes
  • Lottery bonus
  • Earn up to 0.00042754 XMR.

2.MoneroFaucet.Info

Users of MoneroFaucet.Info need to resolve captchas in exchange for XMR rewards. The payout is based on a rated system ranging from a small amount of 0.000005 XMR to a very reasonable 0.025 XMR. Users will have to wait 60 minutes between claiming their rewards, but in the meantime the platform allows live mining monero.

MoneroFaucet.info faucet Features:

  • Claim every 60 minutes
  • Loyalty bonus plan
  • Earn up to 0.025 per claim

3.Allcoins.pw

Allcoins.pw one of the few more high reward cryptocurrency tubes, Allcoins.pw is a site to see if you want to earn free monero.

Payment is made directly to your Monero Wallet.

Allcoins.pw faucet Features:

  • Claim every 5 minutes
  • Payment by wallet directly.
  • No fee entry
  • Earn up to 0.00001716 XMR per claim

2.Earn interest with XMR

So, if you are looking for a digital currency to invest in for a long time, XMR is a better choice than any other digital currency due to its unique and reliable features. With the relatively high interest and effort of the developer community, one can expect Monero to be a good long-term investment.

You can earn up to 10.3% of your assets

CoinLoan Interest Account

Earn up to 10.3% per annum on CoinLoan interest account. Deposit Assets Find your account on CoinLoan with Coins or Fiat to earn up to 10.3% APY.

An interest account aims to provide you with a lucrative income quickly and easily.

Deposit of assets

Fund your account with CoinLoan Coins or Fiat to earn up to 10.3% APY. Minimum deposit period is one day, maximum is unlimited.

Earn interest on your assets

Once you have deposited the funds in the account, they start making a profit. Interest is collected daily and deposited directly into your wallet on the first day of the month.

Withdraw whenever you want

Your funds will never be locked as they often happen in a traditional bank savings account. You have the freedom to withdraw funds at any time with a single click.

How to invest in Monero

Unlike many alt coins or those without a base currency, you cannot buy XMR directly. Instead, there is a round about the way to buy XMR. The flow looks like this: Buy BTC via Coinbase and then switch to Cryptopia, where you can buy XMR with your BTC.

  • Create a cryptopia account
  • Buy Bitcoin or Ether on Coinbase
  • Convert your bitcoin to cryptopia
  • Buy XMR

3.Idle Empire

All you have to do to get your free Monero (XMR) is sign up for an account in idle-Empire, respond to some paid surveys, watch videos or get full offers and quickly recover your points for Monero. They will send the XMR directly to a wallet address of your choice.

More source to get free monero online

Looking to acquire some free Monero ($XMR) online? You’re in luck! Here are some more legitimate and updated platforms where you can get your hands on free $XMR:

  1. Faucets: Faucets are websites or applications that dispense small amounts of cryptocurrency to users in exchange for completing simple tasks or captcha challenges. While the rewards may be modest, faucets are a convenient and straightforward way to earn free $XMR.
  2. Airdrops: Keep an eye out for Monero airdrop events. Many cryptocurrency projects distribute free $XMR tokens to participants as a way to promote their platform and increase adoption. Stay updated on cryptocurrency forums, social media channels, and airdrop aggregator websites to find out about upcoming airdrops.
  3. Community Giveaways: Participate in community-driven giveaways organized by Monero enthusiasts or projects. These giveaways often take place on social media platforms like Twitter, Reddit, and Telegram. Keep an eye out for announcements and follow Monero-related accounts to stay informed.
  4. Mining Pools: Joining a Monero mining pool can potentially earn you free $XMR rewards. Mining pools are groups of miners who combine their computational resources to increase their chances of solving blocks and earning rewards. Some mining pools offer incentives or bonuses to participants.
  5. Referral Programs: Take advantage of referral programs offered by cryptocurrency exchanges and wallets that support Monero. By referring friends and acquaintances to these platforms, you can earn rewards in the form of free $XMR tokens when they sign up or complete certain actions.
Monero Price Prediction

The latest price for one Monero/XMR coin is $114.50. It’s down by -5% in the last 24 hours. 50.93% of days, the price of XMR closed above the opening. The maximum price ever recorded in our base for one XMR is $477.96, it was 2 Years and 9 Months ago, currently price is down by -76.04% from that high.

From a total of 17 technical indicators, 2 calls to buy, and 12 to sell, the prediction sentiment short-term is bearish based on technical price analysis. The first major uptrend resistance for XMR is at the $116.29 level, it needs to close above that level to continue to move higher, and bottom support sits at $101.74. So if the price falls below $101.74, we may see the price go even lower. On the other hand, if it will be able to close above the $116.29 level, it can go up to the next resistance level at $125.51.

The 14-day relative strength index (RSI) is currently at 28.10, indicating Oversold conditions, oversold signals that price can rise in the near term. On the weekly chart, the RSI is at 32.92, indicating an Natural condition.

On the daily chart, exponential moving averages show a bearish signal. Monero price currently sits below all exponential moving averages.

Historically the price of XMR last day of February was above the open price six times out of 10, and 4 out of 10 the price was lower than the price at the start of the month. The best month for Monero has been March for the last eleven years, seven times the price of XMR at the end of March was higher than the price at the start of the month. The worst month is September, eight times out of 11, the price at the end of September was lower than starting price. Check monthly performance for more details.

There were three bull runs that Monero had, first ATH was in August 2014, and Monero reached $37.78 soon after only 191.04 days later price dropped to its lowest point at $0.2517570 before the next bull run, since August 2014 approx 3 years were needed to reach a new all-time high. The last bull run was in May 2021 since then 1019 days have passed. Last time XMR needed 1197 days to reach a new all time high.

According to our Monero price prediction, the price of XMR can hit $138.74 in the next 10 days, what’s about the long-term forecast price for 2025 will be $384.22, and the prediction for 2030 is $720.50. Going even further, considering all previous highs and lower time frame prognoses, the prediction for 2040 is $2,192.

Monero price prediction for the next year, 2025, is $384.22. That’s the maximum that we predict XMR to hit, and the minimum price is $291.74.

Conclusion

Monero mining may or may not be profitable, it all depends on these factors: hash rate, power..it can sometimes make you wait longer to see a profit.

If you think Monero Mining is for you, you can start mining the information in this guide!

However, if you have decided that you want to take an alternative way of investing in cryptocurrencies, you can buy XMR on sites like Coinabase or Simplex.

Thanks for reading

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