Monero Market Cap Reaches $6.17 Billion (XMR)

Monero (XMR) traded 3.2% higher against the U.S. dollar during the 24-hour period ending at 10:00 AM ET on July 7th. In the last seven days, Monero has traded 4.6% higher against the U.S. dollar. Monero has a market cap of $6.17 billion and approximately $101.83 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for about $328.42 or 0.00521553 BTC on popular exchanges.

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

• Arweave (AR) traded 0.5% lower against the dollar and now trades at $1.98 or 0.00003139 BTC.
• Bitcoin (BTC) traded 1.9% higher against the dollar and now trades at $62,970.33 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.1% lower against the dollar and now trades at $0.0744 or 0.00000118 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $9.32 or 0.00014803 BTC.
• Zcash (ZEC) traded 3.4% higher against the dollar and now trades at $459.51 or 0.00729730 BTC.
• Bitcoin Cash (BCH) traded up 0.6% against the dollar and now trades at $237.67 or 0.00377439 BTC.
• Litecoin (LTC) traded 0.6% lower against the dollar and now trades at $43.93 or 0.00069767 BTC.
• Ethereum Classic (ETC) traded down 1.7% against the dollar and now trades at $6.95 or 0.00011040 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 4.4% against the dollar and now trades at $14.02 or 0.00022268 BTC.

Monero Coin Profile

Monero (CRYPTO:XMR) 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 18,774,801 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 website is www.getmonero.org. The official message board for Monero is forum.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”

Buying and Selling Monero

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