Monero Achieves Market Cap of $2.75 Billion (XMR)

Monero (XMR) traded 0.5% lower against the U.S. dollar during the twenty-four hour period ending at 18:00 PM E.T. on March 4th. During the last week, Monero has traded up 15.3% against the U.S. dollar. Monero has a market cap of $2.75 billion and $74.02 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for $149.41 or 0.00219733 BTC on major exchanges.

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

  • Bitcoin (BTC) traded 8.1% higher against the dollar and now trades at $67,998.30 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded up 17.5% against the dollar and now trades at $0.18 or 0.00000267 BTC.
  • Bitcoin Cash (BCH) traded down 2% against the dollar and now trades at $463.37 or 0.00681451 BTC.
  • Litecoin (LTC) traded down 2.3% against the dollar and now trades at $88.57 or 0.00130253 BTC.
  • Ethereum Classic (ETC) traded 6.7% higher against the dollar and now trades at $35.70 or 0.00052494 BTC.
  • UNUS SED LEO (LEO) traded 2.5% higher against the dollar and now trades at $4.89 or 0.00007185 BTC.
  • Bitcoin SV (BSV) traded 5.9% higher against the dollar and now trades at $115.29 or 0.00169553 BTC.
  • Arweave (AR) traded 4.8% lower against the dollar and now trades at $28.69 or 0.00042196 BTC.
  • eCash (XEC) traded up 46.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Conflux (CFX) traded up 7.6% against the dollar and now trades at $0.31 or 0.00000457 BTC.

Monero Profile

Monero (CRYPTO: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 18,405,970 coins. Monero’s official message board is forum.getmonero.org. The official website for Monero is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.”

Monero Coin Trading

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

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