Monero (XMR) Market Cap Reaches $2.92 Billion

Monero (XMR) traded up 0.7% against the US dollar during the 24 hour period ending at 12:00 PM ET on July 15th. One Monero coin can now be bought for about $158.17 or 0.00250190 BTC on popular exchanges. Monero has a market capitalization of $2.92 billion and $76.59 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded up 3.2% against the US dollar.

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

• Bitcoin (BTC) traded up 5.4% against the dollar and now trades at $63,219.20 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.2% higher against the dollar and now trades at $0.12 or 0.00000189 BTC.
• Bitcoin Cash (BCH) traded 4.6% higher against the dollar and now trades at $386.66 or 0.00611622 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $5.85 or 0.00009246 BTC.
• Litecoin (LTC) traded up 1.7% against the dollar and now trades at $70.62 or 0.00111707 BTC.
• Ethereum Classic (ETC) traded up 3.2% against the dollar and now trades at $23.15 or 0.00036621 BTC.
• Arweave (AR) traded 3.9% higher against the dollar and now trades at $25.48 or 0.00040299 BTC.
• Bitcoin SV (BSV) traded 7.4% higher against the dollar and now trades at $43.86 or 0.00069370 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 14.8% higher against the dollar and now trades at $0.0000 or 0.00000000 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 website is www.getmonero.org. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.”

Buying and Selling Monero

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

XMR/USD price chart by TradingView