Monero price near 590 USD as hashrate strength meets concentration risk
Published on 11/01/2026 at 07:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMonero network strength meets concentration risk
- Monero was displayed at 590.022 USD on the Investing.com page retrieved on November 1, 2026.
- Hashrate reached 7.12 GH/s on October 26, while three mining pools coordinated about 60 percent of reported network computing power.
- FCMP++ remains in public testing and has no official mainnet activation date.
Monero price was displayed at 590.022 USD on the Investing.com Monero page retrieved on November 1, 2026. The page showed a 24-hour volume of 205.28 million USD, a market capitalization of 11.14 billion USD and 18.82 million XMR in circulation. The displayed timestamp was 07:33:11 Berlin time; the page did not provide a separate UTC daily-close comparison for the previous day.
For investors, the more relevant current development is the combination of network security and mining-pool concentration. A Gokhshtein report dated October 26 said Monero's hashrate reached 7.12 gigahash per second, close to a reported all-time high of 7.54 GH/s. The same report said SupportXMR, Nanopool and Kryptex together coordinated about 60 percent of the estimated network hashrate.
Security versus coordination
The reported distribution was led by SupportXMR at 1.87 GH/s, or 26.3 percent, followed by Nanopool at 1.23 GH/s and Kryptex at 1.17 GH/s. The figures describe computing power directed through pools, not ownership of the underlying mining hardware. Miners can change pools, so pool concentration can move more quickly than equipment ownership. Nevertheless, a high share of coordinated block-production capacity remains a network-risk indicator for investors monitoring decentralization.
FCMP++ remains a testnet project
Monero's principal protocol development story is Full-Chain Membership Proofs, or FCMP++. The InfoMonero explainer reported that the upgrade entered public stressnet testing in October. It is intended to replace the current ring-based membership proof with a proof covering outputs across the chain, but it is not live on the Monero mainnet. The article also stated that no official mainnet date has been set.
That status is consistent with the official Monero roadmap, which lists Full-Chain Membership Proofs under "Coming Soon" rather than as a completed or active upgrade. For market participants, FCMP++ is therefore a potential privacy and technology catalyst, but its delivery still carries implementation and timing uncertainty. The combination of strong reported hashrate, concentrated pool coordination and ongoing protocol testing gives XMR a constructive development narrative while leaving meaningful execution and decentralization risks.
More Monero coverage is available on the Monero topic page.
