Monero (XMR) Hits Market Capitalization of $5.94 Billion

Monero (XMR) traded up 1% against the US dollar during the 1 day period ending at 8:00 AM E.T. on July 3rd. One Monero coin can currently be purchased for approximately $316.17 or 0.00510870 BTC on popular cryptocurrency exchanges. Monero has a market capitalization of $5.94 billion and $88.72 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded 2.2% higher against the US dollar.

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

• Arweave (AR) traded 0.3% higher against the dollar and now trades at $2.01 or 0.00003244 BTC.
• Bitcoin (BTC) traded 0.7% higher against the dollar and now trades at $61,887.55 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.1% against the dollar and now trades at $0.0758 or 0.00000122 BTC.
• UNUS SED LEO (LEO) traded 0.9% higher against the dollar and now trades at $9.13 or 0.00014755 BTC.
• Zcash (ZEC) traded up 1.7% against the dollar and now trades at $456.09 or 0.00736971 BTC.
• Bitcoin Cash (BCH) traded up 3.4% against the dollar and now trades at $225.14 or 0.00363790 BTC.
• Litecoin (LTC) traded up 1% against the dollar and now trades at $43.49 or 0.00070270 BTC.
• Ethereum Classic (ETC) traded 1% higher against the dollar and now trades at $7.21 or 0.00011657 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 0.1% against the dollar and now trades at $14.20 or 0.00022944 BTC.

Monero Coin Profile

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 18,773,040 coins. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. Monero’s official message board is forum.getmonero.org. The official website for Monero is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Monero Coin Trading

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

XMR/USD price chart by TradingView