Monero (XMR) Market Capitalization Hits $3.18 Billion

Monero (XMR) traded 1.1% lower against the dollar during the 24-hour period ending at 15:00 PM Eastern on September 5th. One Monero coin can now be purchased for approximately $172.38 or 0.00304704 BTC on popular exchanges. Monero has a total market capitalization of $3.18 billion and approximately $70.44 million worth of Monero was traded on exchanges in the last day. In the last week, Monero has traded up 5% against the dollar.

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

• Bitcoin (BTC) traded down 3% against the dollar and now trades at $56,572.84 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1% against the dollar and now trades at $0.0987 or 0.00000175 BTC.
• Bitcoin Cash (BCH) traded 2.1% lower against the dollar and now trades at $307.47 or 0.00543494 BTC.
• UNUS SED LEO (LEO) traded 3.5% lower against the dollar and now trades at $5.51 or 0.00009746 BTC.
• Litecoin (LTC) traded up 0.3% against the dollar and now trades at $65.68 or 0.00116103 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $17.62 or 0.00031138 BTC.
• Arweave (AR) traded up 1.4% against the dollar and now trades at $21.21 or 0.00037499 BTC.
• Bitcoin SV (BSV) traded 0.7% higher against the dollar and now trades at $46.01 or 0.00081320 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 0.2% 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. The official message board for Monero is forum.getmonero.org. The official website for Monero 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. 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 presently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView