Monero Hits Market Capitalization of $4.18 Billion (XMR)

Monero (XMR) traded up 1% against the US dollar during the 24 hour period ending at 11:00 AM ET on March 6th. One Monero coin can currently be bought for about $226.70 or 0.00249674 BTC on cryptocurrency exchanges. In the last seven days, Monero has traded 5.7% higher against the US dollar. Monero has a market cap of $4.18 billion and $78.00 million worth of Monero was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded up 1.6% against the dollar and now trades at $90,861.85 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.4% higher against the dollar and now trades at $0.21 or 0.00000228 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $9.91 or 0.00010912 BTC.
• Litecoin (LTC) traded up 3.3% against the dollar and now trades at $105.41 or 0.00116090 BTC.
• Bitcoin Cash (BCH) traded up 0.7% against the dollar and now trades at $392.05 or 0.00431772 BTC.
• Ethereum Classic (ETC) traded up 1.6% against the dollar and now trades at $20.39 or 0.00022451 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 1.7% higher against the dollar and now trades at $0.22 or 0.00000241 BTC.
• Bitcoin SV (BSV) traded down 1.5% against the dollar and now trades at $36.49 or 0.00040185 BTC.
• Zcash (ZEC) traded down 1.8% against the dollar and now trades at $35.38 or 0.00038960 BTC.

Monero Coin Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on 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 message board 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 US dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView