In the past 24 hours, XMR has surged by 8%, putting it in the second place with a price rise from $166.69 to $179.59. Monero, a cryptocurrency renowned for its emphasis on privacy and anonymity, has been a prominent player in the digital currency market ever since its introduction in 2014. Unlike Bitcoin, Monero utilizes sophisticated cryptographic methods to conceal sender and recipient details, guaranteeing confidentiality in transactions.