Monero (XMR) Market Capitalization Hits $2.95 Billion

Monero (XMR) traded up 0% against the dollar during the 1 day period ending at 17:00 PM ET on July 24th. Over the last seven days, Monero has traded 0.2% higher against the dollar. Monero has a market cap of $2.95 billion and approximately $89.27 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for about $159.75 or 0.00242981 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 0.7% against the dollar and now trades at $65,744.50 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.5% lower against the dollar and now trades at $0.13 or 0.00000197 BTC.
• Bitcoin Cash (BCH) traded down 0.6% against the dollar and now trades at $364.41 or 0.00554289 BTC.
• UNUS SED LEO (LEO) traded up 1% against the dollar and now trades at $5.85 or 0.00008893 BTC.
• Litecoin (LTC) traded 1.5% lower against the dollar and now trades at $71.53 or 0.00108804 BTC.
• Ethereum Classic (ETC) traded down 5.2% against the dollar and now trades at $22.86 or 0.00034778 BTC.
• Arweave (AR) traded 0.3% higher against the dollar and now trades at $30.78 or 0.00046821 BTC.
• Bitcoin SV (BSV) traded 1.5% higher against the dollar and now trades at $45.12 or 0.00068622 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded up 1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

Monero (CRYPTO:XMR) 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 18,446,744 coins. The official website for Monero is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.

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 purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView