Monero Market Cap Achieves $3.11 Billion (XMR)

Monero (XMR) traded 1.3% higher against the US dollar during the twenty-four hour period ending at 10:00 AM ET on June 30th. Over the last week, Monero has traded up 2.8% against the US dollar. Monero has a total market cap of $3.11 billion and approximately $35.78 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $168.57 or 0.00273987 BTC on major cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 1% against the dollar and now trades at $61,525.23 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.7% against the dollar and now trades at $0.12 or 0.00000199 BTC.
• Bitcoin Cash (BCH) traded up 1.7% against the dollar and now trades at $387.11 or 0.00629184 BTC.
• Litecoin (LTC) traded 0.2% lower against the dollar and now trades at $74.57 or 0.00121209 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.82 or 0.00009468 BTC.
• Ethereum Classic (ETC) traded 0.3% lower against the dollar and now trades at $23.27 or 0.00037828 BTC.
• Arweave (AR) traded 0.5% lower against the dollar and now trades at $27.04 or 0.00043957 BTC.
• Bitcoin SV (BSV) traded 0.2% higher against the dollar and now trades at $44.46 or 0.00072265 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 3.9% lower against the dollar and now trades at $0.16 or 0.00000257 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 18,446,744 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official website for Monero is www.getmonero.org. 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.

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 purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView