Monero Market Capitalization Tops $6.01 Billion (XMR)

Monero (XMR) traded down 7.1% against the US dollar during the 1 day period ending at 9:00 AM ET on June 5th. In the last seven days, Monero has traded 9.5% lower against the US dollar. Monero has a market capitalization of $6.01 billion and approximately $187.55 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for $325.87 or 0.00525689 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded 14.3% lower against the dollar and now trades at $2.04 or 0.00003285 BTC.
• Bitcoin (BTC) traded 2.5% lower against the dollar and now trades at $61,988.82 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 6% against the dollar and now trades at $0.0839 or 0.00000135 BTC.
• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $9.83 or 0.00015863 BTC.
• Zcash (ZEC) traded 39.8% lower against the dollar and now trades at $319.16 or 0.00514871 BTC.
• Bitcoin Cash (BCH) traded 11% lower against the dollar and now trades at $222.16 or 0.00358384 BTC.
• Litecoin (LTC) traded down 5.1% against the dollar and now trades at $44.18 or 0.00071270 BTC.
• Ethereum Classic (ETC) traded 6.9% lower against the dollar and now trades at $6.93 or 0.00011172 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 6.4% lower against the dollar and now trades at $12.38 or 0.00019964 BTC.

About Monero

Monero (CRYPTO: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 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. 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 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 currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly 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