Monero Reaches Market Cap of $2.38 Billion (XMR)

Monero (XMR) traded up 1.2% against the US dollar during the 1 day period ending at 20:00 PM Eastern on April 29th. In the last week, Monero has traded up 5.6% against the US dollar. One Monero coin can now be bought for approximately $128.89 or 0.00200585 BTC on major cryptocurrency exchanges. Monero has a total market capitalization of $2.38 billion and approximately $58.00 million worth of Monero was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 1.9% higher against the dollar and now trades at $64,469.06 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.2% lower against the dollar and now trades at $0.15 or 0.00000226 BTC.
• Bitcoin Cash (BCH) traded 1.2% lower against the dollar and now trades at $466.83 or 0.00726479 BTC.
• Litecoin (LTC) traded 0.6% lower against the dollar and now trades at $84.08 or 0.00130841 BTC.
• UNUS SED LEO (LEO) traded up 1.7% against the dollar and now trades at $5.86 or 0.00009112 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $27.76 or 0.00043205 BTC.
• Arweave (AR) traded down 1.4% against the dollar and now trades at $35.69 or 0.00055543 BTC.
• Bitcoin SV (BSV) traded down 0.6% against the dollar and now trades at $65.42 or 0.00101806 BTC.
• eCash (XEC) traded down 0.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded down 2.6% against the dollar and now trades at $0.23 or 0.00000356 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 18,430,153 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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 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 Changelly, Gemini or GDAX. 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