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XMR to PHP - Convert Monero price in PHP

The price converter or calculator has been given below, where you can convert XMR to PHP or Monero price in PHP.

Put the value you want to convert in XMR column, then it will automatically convert the inserted value in the currency of the Philippines. It is the best & easy to use the calculator you will find to convert Monero to PHP.

 Live Monero price in PHP on major exchanges

There are many exchanges around the world where you can trade cryptocurrency Monero(XMR). Every cryptocurrency exchange has a little bit of fluctuation in price. Here are rates of XMR to PHP over a few major exchanges of the world. 

Monero price PHP live chart | XMR to PHP chart

The live chart of Monero price in the Philippines has been given below where you can see how the Monero price has performed over multiple time frames. OHLC chart option is also available. You can also enter the dates if you want the price history of Monero price PHP between certain dates.

Crypto Prices by Coinlib

Advanced live Monero price chart 

The advanced Monero chart has been given below. You can apply various advanced technical tools to study the chart of Monero cryptocurrency. This chart provides a great interface for the traders to look for trends in various cryptocurrencies.

Detailed Analysis of Monero price in the Philippines

Description About Monero 

Monero price in philippines

Monero is a virtual currency or cryptocurrency whose transactions are private and no outsider can tell the details about the transactions done in Monero. The privacy of transactions is ensured here. Monero uses proof of work algorithm to produce Monero coins.  

There are many cryptocurrencies in the world to trade. Monero is one of those cryptocurrencies which have lots of potentials to perform well in the upcoming decade. Monero acts as both a cryptocurrency and a payment method for digital transactions.

If we talk about the market capitalisation of cryptocurrencies, Monero is in the 14th  position. And you all know Bitcoin is the number 1 in market capitalisation and Monero gets the14th place here. The symbol of Monero is XMR. The market capitalization of Monero is more than $800 million at recently.

If we talk about the consumption of time and energy, Monero takes way less time and energy than the bitcoin to complete the transaction.

How to buy Monero in the Philippines

It is very simple to buy any cryptocurrency in anywhere. To buy Monero in the Philippines, you need to have a trading account with a broking company having access to crypto exchanges. It is very easy to open the account. 

You just to go the websites of the companies like Bittrex, Coinbase, Binance, Poloniex etc. and just follow what they ask you to do. You can invest any amount you are comfortable with. 

Investing in any cryptocurrency is not supported by the government of the Philippines and the Reserve Bank of Philippines. If you lose your money in crypto in any means, the government of the Philippines is not obliged to help you in any circumstances.

Monero Coin Market in the Philippines

Investing in Monero or any other cryptocurrency is promoted or regulated by the Philippines Central Bank but they don’t issue or guarantee any cryptocurrencies. On 10th March 2014, they have stated that Bitcoin or any cryptocurrency is not a legal tender. Anyone can invest or receive Monero but on their own risk.

You can also produce Moneros or any other Cryptocurrency in the Philippines as long as you are using your own energy and resources.

In the Philippines, there is a decent marketplace of Monero due to the above reason. More and more people are gaining knowledge about Monero these days. Monero has gained lots of popularity in the Philippines.

Until there is some regulation of official authority over Monero or any other cryptocurrency, it is tough for the government of the Philippines to freely promote the use of Cryptocurrency. There should be some reduction in the anonymity of Monero transactions.

The biggest problem of legality of Monero is that lots of illegal transactions are taken place with the help of Cryptocurrency like Monero because it is not regulated or printed by a country or any other organization. There will be some strict rules provided in the future for the use of Cryptocurrency to stop illegal activities.

Monero Price Prediction

 If we talk about the price movement of Monero, it is making lower highs and lower lows in the daily timeframe. Monero price is ranging around 35 -60 USD. It made a low of $36.3 in the month of December in 2018 during the fall of all cryptocurrencies. Then, it bounced back to make the swing high of $114.9, then it again started falling.

It is unlikely to say that XMR will rise in value, but you can't say anything because it is the crypto market. Anything can happen here in a very short time. If it gets a good bounce from the current levels, then it can go upwards to make new swing highs.
It is advisable to keep a watch at the chart of Monero for a few months and then decide to make an entry.
Cryptocurrency is a very risky trading instrument. So always be very cautious before making any financial investment in Cryptocurrencies. We don't advise you to invest in any sort of financial security because it involves high risk. We just provide this content for educational and informational purpose only. We are not liable for your loss if you make.