Monero (XMR) Market Cap Reaches $3.02 Billion

Monero (XMR) traded 0.1% higher against the US dollar during the 24-hour period ending at 15:00 PM ET on July 27th. Over the last week, Monero has traded down 0.3% against the US dollar. One Monero coin can now be bought for approximately $163.66 or 0.00238713 BTC on exchanges. Monero has a market capitalization of $3.02 billion and $78.51 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 1.6% higher against the dollar and now trades at $68,557.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1% against the dollar and now trades at $0.13 or 0.00000194 BTC.
• Bitcoin Cash (BCH) traded up 4.6% against the dollar and now trades at $392.36 or 0.00572312 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $5.82 or 0.00008483 BTC.
• Litecoin (LTC) traded 0.4% higher against the dollar and now trades at $71.53 or 0.00104335 BTC.
• Ethereum Classic (ETC) traded 1% higher against the dollar and now trades at $22.93 or 0.00033439 BTC.
• Arweave (AR) traded up 1.1% against the dollar and now trades at $31.66 or 0.00046179 BTC.
• Bitcoin SV (BSV) traded up 3.7% against the dollar and now trades at $46.12 or 0.00067274 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded up 13.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Monero

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 message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website is www.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 acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. 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