Monero Market Cap Hits $6.29 Billion (XMR)

Monero (XMR) traded down 0.5% against the U.S. dollar during the 24 hour period ending at 9:00 AM Eastern on March 25th. One Monero coin can now be bought for $340.75 or 0.00477419 BTC on major exchanges. In the last week, Monero has traded down 4.4% against the U.S. dollar. Monero has a total market capitalization of $6.29 billion and approximately $98.65 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded up 3.5% against the dollar and now trades at $1.91 or 0.00002671 BTC.
• Bitcoin (BTC) traded 2.3% higher against the dollar and now trades at $71,373.98 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.8% against the dollar and now trades at $0.0969 or 0.00000136 BTC.
• Bitcoin Cash (BCH) traded up 0.7% against the dollar and now trades at $477.08 or 0.00668424 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $9.46 or 0.00013258 BTC.
• Litecoin (LTC) traded up 1.3% against the dollar and now trades at $56.36 or 0.00078967 BTC.
• Zcash (ZEC) traded 2.4% higher against the dollar and now trades at $234.46 or 0.00328502 BTC.
• Ethereum Classic (ETC) traded up 3.3% against the dollar and now trades at $8.71 or 0.00012200 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 2.6% higher against the dollar and now trades at $0.0625 or 0.00000088 BTC.

About Monero

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,446,744 coins. The official website for Monero 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. The official message board for Monero is forum.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 presently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView