Monero Market Cap Hits $3.04 Billion (XMR)

Monero (XMR) traded up 0.5% against the dollar during the 24-hour period ending at 17:00 PM Eastern on June 26th. During the last week, Monero has traded down 3.1% against the dollar. Monero has a market cap of $3.04 billion and approximately $38.71 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for about $164.56 or 0.00270478 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.6% lower against the dollar and now trades at $60,841.93 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.1% against the dollar and now trades at $0.12 or 0.00000203 BTC.
• Bitcoin Cash (BCH) traded 3.4% lower against the dollar and now trades at $377.53 or 0.00620517 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.76 or 0.00009461 BTC.
• Litecoin (LTC) traded down 0.5% against the dollar and now trades at $71.26 or 0.00117126 BTC.
• Ethereum Classic (ETC) traded 0.8% higher against the dollar and now trades at $23.73 or 0.00039002 BTC.
• Arweave (AR) traded 10.7% lower against the dollar and now trades at $26.35 or 0.00043311 BTC.
• Bitcoin SV (BSV) traded down 1.8% against the dollar and now trades at $44.87 or 0.00073743 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded down 2% against the dollar and now trades at $0.16 or 0.00000257 BTC.

About Monero

Monero 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 18,446,744 coins. Monero’s official website is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board is forum.getmonero.org. 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 currently 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 Gemini, GDAX 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