Monero price holds near 590 USD as hashrate strength meets pool concentration
Published on 10/31/2026 at 13:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMonero network strength meets concentration risk
- Monero was displayed at 590.022 USD in an Investing.com snapshot, with a market capitalization of 11.14 billion USD.
- Network hashrate reached an estimated 7.12 GH/s on October 26, near the reported 7.54 GH/s record.
- Three mining pools represented about 60 percent of estimated hashrate, creating a decentralization risk despite stronger network security.
- Monero's October 16 software release fixed DNSSEC validation and other issues, while the FCMP++ privacy upgrade remains a development focus.
The Monero price was displayed at 590.022 USD in the Investing.com snapshot reviewed for October 31, 2026. The page showed a real-time label at 07:33:11 and listed a 24-hour trading volume of 205.28 million USD, a market capitalization of 11.14 billion USD and a rank of 12. Because the source did not provide a verifiable UTC closing basis for the prior day, no UTC daily percentage change is stated here.
Investing.com also showed a 52-week range of 277.507 to 798.868 USD and circulating supply of 18.82 million XMR. Those figures place the token well below the displayed 52-week high, while still indicating a wide trading range and substantial volatility. The quoted market data are available on Investing.com.
Hashrate strengthens, pools remain concentrated
A report published by Crypto.news on October 27 said Monero's estimated network hashrate reached 7.12 gigahash per second on October 26. The report, which cited Miningpoolstats data, said SupportXMR, Nanopool and Kryptex together represented about 4.27 GH/s, or 60 percent of the estimated total. Pool concentration does not prove that three operators control all the underlying mining hardware, because individual miners can redirect their machines, but it does highlight a coordination risk.
The same report said the network remained below a reported all-time high of 7.54 GH/s. Higher hashrate can raise the computing resources needed to attack the network, but distribution is also relevant to resilience. For investors, the combination of stronger aggregate security and concentrated pool participation is therefore mixed rather than uniformly positive.
Software maintenance and privacy development
Monero's official project website said its October 16 version 0.18.5.4 release was a minor update containing bug fixes. The release fixed DNSSEC validation for checkpoints, blocklists and update checks, and restored string-to-integer conversion in JSON requests, according to the Monero project.
Recent coverage has also kept attention on the FCMP++ privacy upgrade and continued community-funded development. These are potential medium-term factors, not completed catalysts: the investment case still depends on implementation, adoption, exchange access and the regulatory environment for privacy-focused assets. The Monero price should therefore be assessed alongside network resilience and liquidity rather than in isolation.
More reporting and updates are available on the Monero topic page.
