Monero (XMR) Reaches Market Cap of $6.96 Billion

Monero (XMR) traded down 1.4% against the US dollar during the one day period ending at 9:00 AM ET on April 30th. Monero has a market capitalization of $6.96 billion and $115.56 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for about $377.28 or 0.00494515 BTC on cryptocurrency exchanges. Over the last seven days, Monero has traded up 0.7% against the US dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded 1% lower against the dollar and now trades at $1.86 or 0.00002443 BTC.
• Bitcoin (BTC) traded 0.4% lower against the dollar and now trades at $76,293.36 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.5% against the dollar and now trades at $0.11 or 0.00000140 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $10.34 or 0.00013557 BTC.
• Bitcoin Cash (BCH) traded 2.3% lower against the dollar and now trades at $441.88 or 0.00579183 BTC.
• Zcash (ZEC) traded 0.7% higher against the dollar and now trades at $334.18 or 0.00438017 BTC.
• Litecoin (LTC) traded down 2.1% against the dollar and now trades at $55.64 or 0.00072935 BTC.
• Ethereum Classic (ETC) traded down 0.9% against the dollar and now trades at $8.39 or 0.00010991 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 0.2% against the dollar and now trades at $15.80 or 0.00020706 BTC.

Monero Profile

XMR 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. Monero’s official website is www.getmonero.org. The official message board for Monero is forum.getmonero.org. 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.

According to CryptoCompare, “Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity. Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions. Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Buying and Selling Monero

It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. 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