Monero Reaches Market Capitalization of $2.95 Billion (XMR)

Monero (XMR) traded 0.4% higher against the U.S. dollar during the twenty-four hour period ending at 11:00 AM Eastern on July 31st. One Monero coin can currently be bought for $160.15 or 0.00241414 BTC on popular cryptocurrency exchanges. Monero has a total market cap of $2.95 billion and $99.24 million worth of Monero was traded on exchanges in the last day. Over the last seven days, Monero has traded 1.8% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $66,340.41 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.9% lower against the dollar and now trades at $0.13 or 0.00000191 BTC.
• Bitcoin Cash (BCH) traded 2.8% lower against the dollar and now trades at $423.22 or 0.00637948 BTC.
• Litecoin (LTC) traded down 2.5% against the dollar and now trades at $71.43 or 0.00107668 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $5.68 or 0.00008557 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $22.35 or 0.00033691 BTC.
• Arweave (AR) traded 0.3% higher against the dollar and now trades at $30.11 or 0.00045383 BTC.
• Bitcoin SV (BSV) traded down 2.8% against the dollar and now trades at $50.83 or 0.00076617 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 3.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was 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 message board for Monero is forum.getmonero.org. Monero’s official website is www.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.”

Monero Coin Trading

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