Monero Market Cap Hits $3.13 Billion (XMR)

Monero (XMR) traded down 1.5% against the dollar during the 1 day period ending at 0:00 AM ET on July 1st. In the last week, Monero has traded up 4.5% against the dollar. Monero has a market capitalization of $3.13 billion and approximately $55.99 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for $169.66 or 0.00268937 BTC on exchanges.

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

• Bitcoin (BTC) traded 0.5% lower against the dollar and now trades at $63,084.99 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.2% lower against the dollar and now trades at $0.12 or 0.00000196 BTC.
• Bitcoin Cash (BCH) traded down 2.2% against the dollar and now trades at $385.81 or 0.00611568 BTC.
• Litecoin (LTC) traded 1.2% lower against the dollar and now trades at $74.50 or 0.00118094 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.78 or 0.00009165 BTC.
• Ethereum Classic (ETC) traded 2% lower against the dollar and now trades at $23.36 or 0.00037024 BTC.
• Arweave (AR) traded 1.3% higher against the dollar and now trades at $28.17 or 0.00044653 BTC.
• Bitcoin SV (BSV) traded 2% lower against the dollar and now trades at $44.44 or 0.00070448 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded up 2% against the dollar and now trades at $0.17 or 0.00000266 BTC.

Monero Coin Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched 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. Monero’s official message board is forum.getmonero.org. The official website for Monero 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 possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView