Monero (XMR) Achieves Market Capitalization of $2.65 Billion

Monero (XMR) traded up 1.4% against the U.S. dollar during the one day period ending at 16:00 PM Eastern on May 26th. During the last seven days, Monero has traded 6.6% higher against the U.S. dollar. One Monero coin can now be purchased for approximately $143.59 or 0.00209039 BTC on major cryptocurrency exchanges. Monero has a total market capitalization of $2.65 billion and $40.03 million worth of Monero was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 0.6% lower against the dollar and now trades at $68,692.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.3% against the dollar and now trades at $0.17 or 0.00000244 BTC.
• Bitcoin Cash (BCH) traded 1.9% lower against the dollar and now trades at $483.12 or 0.00703310 BTC.
• Litecoin (LTC) traded down 1.2% against the dollar and now trades at $83.86 or 0.00122082 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $5.97 or 0.00008696 BTC.
• Ethereum Classic (ETC) traded 2.3% higher against the dollar and now trades at $32.15 or 0.00046807 BTC.
• Arweave (AR) traded 3.7% lower against the dollar and now trades at $38.63 or 0.00056235 BTC.
• Bitcoin SV (BSV) traded 0.7% lower against the dollar and now trades at $63.46 or 0.00092384 BTC.
• eCash (XEC) traded 2.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded down 3.6% against the dollar and now trades at $0.22 or 0.00000314 BTC.

Monero Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was April 18th, 2014. Monero’s total supply is 18,441,794 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. Monero’s official website is www.getmonero.org. The official message board for Monero is forum.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 currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView