Monero Market Cap Tops $2.93 Billion (XMR)

Monero (XMR) traded 0.2% higher against the US dollar during the 1-day period ending at 22:00 PM E.T. on October 17th. Over the last week, Monero has traded up 4.6% against the US dollar. Monero has a market capitalization of $2.93 billion and $54.26 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for $158.79 or 0.00233850 BTC on popular exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 0.5% against the dollar and now trades at $67,887.79 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 8.6% higher against the dollar and now trades at $0.14 or 0.00000200 BTC.
• Bitcoin Cash (BCH) traded up 2.1% against the dollar and now trades at $374.37 or 0.00551338 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $6.09 or 0.00008968 BTC.
• Litecoin (LTC) traded 4.6% higher against the dollar and now trades at $73.76 or 0.00108632 BTC.
• Ethereum Classic (ETC) traded 1.5% lower against the dollar and now trades at $19.21 or 0.00028291 BTC.
• Arweave (AR) traded 0.9% lower against the dollar and now trades at $18.88 or 0.00027800 BTC.
• Bitcoin SV (BSV) traded 1.3% higher against the dollar and now trades at $51.50 or 0.00075839 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 1.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

XMR 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website is www.getmonero.org. The official message board for Monero 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.”

Monero Coin Trading

It is usually not 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, 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