Monero Market Capitalization Achieves $6.06 Billion (XMR)

Monero (XMR) traded 2.1% lower against the dollar during the 24 hour period ending at 9:00 AM ET on April 2nd. One Monero coin can currently be bought for $328.68 or 0.00497324 BTC on major cryptocurrency exchanges. Monero has a total market capitalization of $6.06 billion and $88.69 million worth of Monero was traded on exchanges in the last day. Over the last seven days, Monero has traded 2.2% lower against the dollar.

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

• Arweave (AR) traded down 5.1% against the dollar and now trades at $1.65 or 0.00002504 BTC.
• Bitcoin (BTC) traded 3.4% lower against the dollar and now trades at $66,061.66 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.5% lower against the dollar and now trades at $0.0894 or 0.00000135 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $10.02 or 0.00015167 BTC.
• Bitcoin Cash (BCH) traded down 3.8% against the dollar and now trades at $442.19 or 0.00669066 BTC.
• Litecoin (LTC) traded down 4.7% against the dollar and now trades at $51.68 or 0.00078191 BTC.
• Zcash (ZEC) traded 3.5% lower against the dollar and now trades at $233.80 or 0.00353749 BTC.
• Ethereum Classic (ETC) traded down 5.5% against the dollar and now trades at $7.85 or 0.00011885 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 0.9% higher against the dollar and now trades at $14.21 or 0.00021497 BTC.

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

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)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Monero Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. 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