Monero price: Network strength meets mining-pool concentration

Monero price remains a market story shaped by both network strength and decentralization concerns. In the checked November 4 snapshot, Investing.com displayed XMR at 620.620 USD. The same page showed a market capitalization of 11.74 billion USD, a rank of 11, 24-hour volume of 152.34 million USD and 18.83 million XMR in circulation. The page did not provide a verified UTC prior-day closing basis for an additional day-over-day comparison.

Hashrate strength comes with concentration

Network security has improved in absolute computing terms. A CryptoNews.net report, republishing reporting from Bitcoin.com, cited an estimated Monero hashrate of 7.12 gigahashes per second on October 26. That was close to the reported 7.54 GH/s high recorded earlier in the year. However, SupportXMR, Nanopool and Kryptex together accounted for about 4.27 GH/s, or roughly 60 percent of the estimated network total.

That figure describes pool coordination, not ownership of 60 percent of the mining hardware. Independent miners can redirect their machines between pools. For investors, the distinction matters: a higher hashrate can raise the resources needed to attack the network, while concentrated pool participation remains a decentralization issue that deserves monitoring.

FCMP++ remains in the testing phase

Monero's technology roadmap also produced a dated development milestone. The project's GitHub release notes show that beta stressnet v3.1 was released on October 26. The update prevents Carrot outputs from appearing in ring signatures, adds denial-of-service protections and improves wallet scanning. The release notes describe FCMP++ as a proposed replacement for ring signatures using membership proofs covering outputs across the blockchain.

The upgrade is not yet a mainnet change. The release is explicitly beta software, and its notes warn that some functions, including hardware-wallet support, multisig and transaction proofs, are not functional on the stressnet. Investors should therefore treat FCMP++ as a development catalyst with execution risk rather than as an already delivered protocol improvement.

Investor context for XMR

Monero's current setup combines a relatively strong security budget with questions about how broadly mining power is coordinated. The privacy narrative may benefit from continued technical work, but the timing and quality of any mainnet deployment remain uncertain. The official Monero project website presents the asset as a private, decentralized cryptocurrency and provides wallet, developer and research resources. For market participants, liquidity, exchange access, regulatory treatment and the distribution of mining power remain material considerations alongside the upgrade narrative.

Further Monero coverage is available on the Monero topic page.