Monero (XMR) Market Capitalization Tops $2.20 Billion

Monero (XMR) traded down 2.6% against the dollar during the one day period ending at 15:00 PM ET on April 24th. Monero has a market capitalization of $2.20 billion and approximately $37.73 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for $119.65 or 0.00185992 BTC on major exchanges. Over the last week, Monero has traded up 0.5% against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded down 3.3% against the dollar and now trades at $64,328.97 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.3% against the dollar and now trades at $0.15 or 0.00000240 BTC.
• Bitcoin Cash (BCH) traded down 4.4% against the dollar and now trades at $484.02 or 0.00752416 BTC.
• Litecoin (LTC) traded up 0% against the dollar and now trades at $84.93 or 0.00132029 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $5.77 or 0.00008965 BTC.
• Ethereum Classic (ETC) traded down 4.3% against the dollar and now trades at $26.90 or 0.00041811 BTC.
• Arweave (AR) traded 0.9% lower against the dollar and now trades at $33.47 or 0.00052035 BTC.
• Bitcoin SV (BSV) traded 3.7% lower against the dollar and now trades at $69.03 or 0.00107301 BTC.
• eCash (XEC) traded 4.7% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded down 2.7% against the dollar and now trades at $0.25 or 0.00000384 BTC.

Monero Profile

Monero (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 18,427,922 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. The official message board for Monero is forum.getmonero.org. Monero’s official website 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 currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView