Monero Market Capitalization Achieves $3.07 Billion (XMR)

Monero (XMR) traded down 1.1% against the U.S. dollar during the twenty-four hour period ending at 13:00 PM E.T. on July 3rd. One Monero coin can now be bought for about $166.58 or 0.00276416 BTC on exchanges. During the last week, Monero has traded 1% higher against the U.S. dollar. Monero has a total market capitalization of $3.07 billion and approximately $47.92 million worth of Monero was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 2.8% lower against the dollar and now trades at $60,229.97 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.6% against the dollar and now trades at $0.12 or 0.00000197 BTC.
• Bitcoin Cash (BCH) traded down 1.4% against the dollar and now trades at $374.71 or 0.00621757 BTC.
• Litecoin (LTC) traded down 0.8% against the dollar and now trades at $74.43 or 0.00123505 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $5.79 or 0.00009603 BTC.
• Ethereum Classic (ETC) traded 1.9% lower against the dollar and now trades at $22.61 or 0.00037516 BTC.
• Arweave (AR) traded 5.5% lower against the dollar and now trades at $26.71 or 0.00044328 BTC.
• Bitcoin SV (BSV) traded down 2.5% against the dollar and now trades at $42.93 or 0.00071241 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded down 2.8% against the dollar and now trades at $0.16 or 0.00000268 BTC.

Monero Profile

Monero 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 18,446,744 coins. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.getmonero.org. 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.”

Buying and Selling Monero

It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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