Monero Market Capitalization Hits $2.26 Billion (XMR)

Monero (XMR) traded down 2% against the US dollar during the 1 day period ending at 11:00 AM ET on April 29th. One Monero coin can now be purchased for approximately $122.50 or 0.00194755 BTC on cryptocurrency exchanges. During the last week, Monero has traded 1.2% higher against the US dollar. Monero has a total market cap of $2.26 billion and $55.54 million worth of Monero was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 0.8% against the dollar and now trades at $62,901.80 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.4% against the dollar and now trades at $0.14 or 0.00000228 BTC.
• Bitcoin Cash (BCH) traded 3.8% lower against the dollar and now trades at $461.31 or 0.00733374 BTC.
• Litecoin (LTC) traded 1.8% lower against the dollar and now trades at $83.47 or 0.00132695 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $5.82 or 0.00009252 BTC.
• Ethereum Classic (ETC) traded 5.7% lower against the dollar and now trades at $27.31 or 0.00043415 BTC.
• Arweave (AR) traded 5.2% lower against the dollar and now trades at $34.79 or 0.00055310 BTC.
• Bitcoin SV (BSV) traded down 2.8% against the dollar and now trades at $65.02 or 0.00103372 BTC.
• eCash (XEC) traded down 4.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded 7.1% lower against the dollar and now trades at $0.23 or 0.00000358 BTC.

Monero Profile

Monero (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 18,429,993 coins. Monero’s official message board 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. The official website for Monero is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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.”

Monero Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView