Monero (XMR) changed hands at $416.66 on Thursday, posting a modest 24-hour gain of 0.35%. The move added to a week of measured gains, with the token up 2.83% over the past seven days.
The more notable move comes over the longer horizon. Monero has risen 20.36% over the past 30 days, a stretch of gains that has pushed the asset's market capitalization to $8.01 billion.
Monero is a proof-of-work cryptocurrency that emphasizes transaction privacy through built-in obfuscation features. Its market capitalization of $8.01 billion reflects its standing as one of the larger assets in the broader digital-currency market.
Thursday's price action kept Monero in positive territory across all three measured timeframes — daily, weekly, and monthly — suggesting sustained buying interest over the period tracked.
