Monero (XMR) Market Cap Hits $2.96 Billion

Monero (XMR) traded 2.5% lower against the dollar during the 24-hour period ending at 9:00 AM Eastern on July 30th. Monero has a total market capitalization of $2.96 billion and approximately $72.14 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for $160.26 or 0.00241329 BTC on cryptocurrency exchanges. In the last seven days, Monero has traded 0.5% higher against the dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 4.1% lower against the dollar and now trades at $66,439.05 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.8% lower against the dollar and now trades at $0.13 or 0.00000193 BTC.
• Bitcoin Cash (BCH) traded 4.2% lower against the dollar and now trades at $432.78 or 0.00651728 BTC.
• Litecoin (LTC) traded 3.5% lower against the dollar and now trades at $73.24 or 0.00110285 BTC.
• UNUS SED LEO (LEO) traded 3.4% lower against the dollar and now trades at $5.67 or 0.00008542 BTC.
• Ethereum Classic (ETC) traded 2.3% lower against the dollar and now trades at $22.79 or 0.00034323 BTC.
• Arweave (AR) traded 6.5% lower against the dollar and now trades at $30.37 or 0.00045728 BTC.
• Bitcoin SV (BSV) traded 2.6% lower against the dollar and now trades at $52.19 or 0.00078593 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 5.6% against the dollar and now trades at $0.0000 or 0.00000000 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 18,446,744 coins. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. 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.

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

XMR/USD price chart by TradingView