Monero price steadies near 590 USD as community funding keeps development in focus
Published on 10/30/2026 at 18:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMonero funding and price context
- Monero developer jpk68 sought 45 XMR for three months of full-time privacy, wallet and core-network work.
- The proposal had collected 31.04 XMR from 42 contributors as of October 26, leaving 13.96 XMR outstanding.
- Investing.com displayed Monero at 590.022 USD on October 30, while the October 29 UTC close was 599.24 USD.
- FCMP++ remains in testing, and the 600 USD area remains an important market reference.
Monero price was near 590 USD on October 30 as investors weighed ongoing development funding against a still-volatile market. The Investing.com Monero page read on October 30 displayed 590.022 USD at 07:33:11 and a 24-hour change of 0.10 percent. The page also showed a market capitalization of 11.14 billion USD, 24-hour volume of 205.28 million USD and a circulating supply of 18.82 million XMR.
Using the verified October 29 UTC close of 599.24 USD reported by Yahoo Finance as the comparison basis, the Investing.com reading was 1.54 percent lower. This daily comparison is separate from the intraday percentage shown on the Investing.com page.
Community funding remains a project signal
On October 26, developer jpk68 requested 45 XMR to support three months of full-time work on Monero's privacy infrastructure, wallet software and core network. According to Crypto.news, the proposal had received 31.04 XMR from 42 contributors by that date, leaving 13.96 XMR to reach its target.
The planned work includes improvements to Tor and I2P support, Monero GUI upgrades, code reviews and fixes in the core software. One proposed task is adding Tor Control protocol support to monerod, Monero's core daemon, while another involves investigating I2P SAM integration for wallet connections through remote nodes.
Privacy upgrade is not yet live
The funding request adds to the development narrative around FCMP++, Monero's proposed privacy upgrade, but it does not represent a mainnet activation. Recent reporting cited by 24/7 Wall St. describes FCMP++ as still being tested. The analysis says the proposed design could expand the anonymity set from the current 16-member ring to more than 150 million possibilities, while no mainnet date was identified.
What investors should watch
The Monero price remains close to the psychologically important 600 USD level, but the October 29 close indicates that the threshold has not held as a firm daily support level. 24/7 Wall St. identified 575 USD, the reported 20-day average, as a downside reference and 621 USD as the highest close over the cited 90-day period. Those levels are market context rather than forecasts.
For investors, the combination of community-funded development, continued privacy-upgrade testing and exchange restrictions leaves both a technology opportunity and execution risk. Monero's next significant catalyst depends not only on demand for privacy-focused assets, but also on the progress and eventual validation of software changes.
More coverage is available on the Monero topic page.
