Monero price near 590 USD as hashrate strength meets concentration risk
Published on 10/31/2026 at 07:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMonero's network strength and price context
- Monero was quoted at 590.022 USD on Investing.com at 07:33:11 Berlin time on October 31, 2026.
- Hashrate data from October 26 showed about 7.12 GH/s securing the network, while three mining pools represented about 60 percent of the estimated total.
- Recent reporting links investor attention to Monero's privacy narrative, the FCMP++ upgrade under testing and a regulatory shift involving crypto-mixing rules.
Monero price was 590.022 USD on the Investing.com XMR/USD page when it was read at 07:33:11 Berlin time on October 31, 2026. The page displayed a change of 0.575 USD, or 0.10 percent, alongside a 24-hour volume of 205.28 million USD, a market capitalization of 11.14 billion USD and a rank of 12. Investing.com listed a 52-week range of 277.507 to 798.868 USD and circulating supply of 18.82 million XMR. The displayed live change is not treated here as a UTC daily-close comparison.
The Investing.com Monero page identifies the instrument as XMR/USD. Its data provide a current market snapshot, while the latest network developments offer the more relevant context for investors because the reported move is below the threshold at which price movement alone would be the main story.
Hashrate rises, concentration remains a risk
Mining distribution data reported by CryptoNews.net showed estimated Monero hashrate of about 7.12 gigahashes per second on October 26. SupportXMR, Nanopool and Kryptex together accounted for approximately 4.27 GH/s, or about 60 percent of the estimated network total. The report also cautioned that pool shares do not prove common ownership of the underlying mining hardware, since independent miners can redirect computing power.
For investors, the figures point in two directions. Higher hashrate generally raises the computational cost of attacking a proof-of-work network. At the same time, concentration among pool operators is a decentralization issue. The same report noted that Monero uses RandomX, an algorithm designed to favor general-purpose CPUs, while dedicated hardware has also entered the market.
Privacy upgrade and regulation in focus
Recent market commentary from 24/7 Wall St. described Monero's October strength in the context of privacy-coin demand, the withdrawal of a stricter U.S. crypto-mixing reporting proposal by FinCEN and the FCMP++ privacy upgrade, which remains in testing. The report said XMR reached a 90-day closing high of 621 USD on October 21 before closing at 598 USD on October 28. It also identified 575 USD, the reported 20-day average, as a technical level to watch, while stressing that the regulatory effect on demand remains uncertain.
Monero's own official website describes XMR as a private, decentralized cryptocurrency and directs users to wallets, mining information and developer resources. The investment case therefore combines a distinct privacy proposition with continuing regulatory, exchange-access and network-decentralization risks.
More reporting and context are available on the Monero topic page.
