Monero Market Capitalization Achieves $6.98 Billion (XMR)

Monero (XMR) traded up 2.7% against the U.S. dollar during the one day period ending at 9:00 AM Eastern on April 22nd. Over the last week, Monero has traded 11.1% higher against the U.S. dollar. Monero has a market capitalization of $6.98 billion and approximately $178.90 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for $378.35 or 0.00483358 BTC on major exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded 1.8% higher against the dollar and now trades at $2.08 or 0.00002659 BTC.
• Bitcoin (BTC) traded 3.3% higher against the dollar and now trades at $78,276.03 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.8% higher against the dollar and now trades at $0.0976 or 0.00000125 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $10.38 or 0.00013257 BTC.
• Bitcoin Cash (BCH) traded up 4.7% against the dollar and now trades at $465.06 or 0.00594132 BTC.
• Zcash (ZEC) traded down 3.4% against the dollar and now trades at $317.72 or 0.00405894 BTC.
• Litecoin (LTC) traded 1.5% higher against the dollar and now trades at $56.15 or 0.00071735 BTC.
• Ethereum Classic (ETC) traded 2.9% higher against the dollar and now trades at $8.68 or 0.00011095 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 2.1% against the dollar and now trades at $16.30 or 0.00020821 BTC.

Monero Coin Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,446,744 coins. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. Monero’s official website is www.getmonero.org.

According to CryptoCompare, “Monero (XMR) is a decentralized cryptocurrency created in April 2014 by a group of developers led by the pseudonymous developer “thankful_for_today”. It utilizes a combination of ring signatures, ring confidential transactions and stealth addresses to protect sender and receiver privacy, and employs a proof-of-work consensus algorithm to ensure the security of the network. XMR is used as a medium of exchange between individuals and organizations, allowing for fast and secure money transfers over the internet, and can be exchanged for other cryptocurrencies and fiat currencies. It is listed on a variety of cryptocurrency exchanges and is accepted by many merchants and services.”

Buying and Selling Monero

It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView