Monero Achieves Market Capitalization of $3.91 Billion (XMR)

Monero (XMR) traded down 2.5% against the US dollar during the 1-day period ending at 10:00 AM E.T. on April 3rd. Monero has a total market cap of $3.91 billion and approximately $82.60 million worth of Monero was traded on exchanges in the last 24 hours. In the last seven days, Monero has traded 5.3% lower against the US dollar. One Monero coin can currently be bought for about $212.06 or 0.00259169 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded 3.8% lower against the dollar and now trades at $5.58 or 0.00006822 BTC.
• Bitcoin (BTC) traded down 5.1% against the dollar and now trades at $81,823.81 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 8.2% against the dollar and now trades at $0.16 or 0.00000192 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $9.40 or 0.00011489 BTC.
• Litecoin (LTC) traded 2% lower against the dollar and now trades at $81.47 or 0.00099573 BTC.
• Bitcoin Cash (BCH) traded down 3.2% against the dollar and now trades at $295.82 or 0.00361529 BTC.
• Ethereum Classic (ETC) traded 4.1% lower against the dollar and now trades at $15.73 or 0.00019226 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Zcash (ZEC) traded down 3.7% against the dollar and now trades at $38.06 or 0.00046517 BTC.
• Bitcoin SV (BSV) traded 6.6% lower against the dollar and now trades at $29.56 or 0.00036125 BTC.

Monero Coin Profile

Monero (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. Monero’s official website is www.getmonero.org. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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 is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)”

Monero Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView