Monero (XMR) Market Capitalization Tops $2.20 Billion

Monero (XMR) traded down 2.6% against the U.S. dollar during the 24-hour period ending at 15:00 PM E.T. on April 24th. During the last week, Monero has traded 0.5% higher against the U.S. dollar. One Monero coin can now be purchased for $119.65 or 0.00185992 BTC on major cryptocurrency exchanges. Monero has a market capitalization of $2.20 billion and $37.73 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 3.3% lower against the dollar and now trades at $64,328.97 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.3% lower 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 up 0.2% 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 down 3.7% against the dollar and now trades at $69.03 or 0.00107301 BTC.
• eCash (XEC) traded down 4.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 2.7% lower against the dollar and now trades at $0.25 or 0.00000384 BTC.

Monero Coin Profile

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 18,427,922 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. The official website for Monero 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.”

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView