Monero (XMR) Market Capitalization Reaches $2.90 Billion

Monero (XMR) traded 3.3% lower against the U.S. dollar during the one day period ending at 15:00 PM E.T. on October 31st. Over the last week, Monero has traded up 1.3% against the U.S. dollar. One Monero coin can now be bought for $157.31 or 0.00222443 BTC on cryptocurrency exchanges. Monero has a total market cap of $2.90 billion and $52.86 million worth of Monero was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

  • Bitcoin (BTC) traded down 1.8% against the dollar and now trades at $70,699.13 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 0.6% against the dollar and now trades at $0.17 or 0.00000235 BTC.
  • Bitcoin Cash (BCH) traded down 2.8% against the dollar and now trades at $360.21 or 0.00509352 BTC.
  • UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $6.05 or 0.00008560 BTC.
  • Litecoin (LTC) traded down 3.4% against the dollar and now trades at $69.49 or 0.00098262 BTC.
  • Ethereum Classic (ETC) traded down 4.5% against the dollar and now trades at $18.64 or 0.00026363 BTC.
  • Arweave (AR) traded down 5.8% against the dollar and now trades at $15.62 or 0.00022090 BTC.
  • Bitcoin SV (BSV) traded up 2.1% against the dollar and now trades at $51.61 or 0.00072972 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
  • eCash (XEC) traded 0.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Monero

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

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

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