Monero (XMR) Market Cap Hits $3.11 Billion

Monero (XMR) traded 1.5% higher against the U.S. dollar during the 24 hour period ending at 20:00 PM ET on September 7th. Over the last week, Monero has traded down 0.4% against the U.S. dollar. Monero has a total market capitalization of $3.11 billion and approximately $50.03 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for approximately $168.52 or 0.00311377 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 0.4% higher against the dollar and now trades at $54,119.97 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.8% against the dollar and now trades at $0.0952 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 1.5% higher against the dollar and now trades at $299.18 or 0.00552807 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.45 or 0.00010076 BTC.
• Litecoin (LTC) traded 1.9% lower against the dollar and now trades at $61.96 or 0.00114479 BTC.
• Ethereum Classic (ETC) traded 1.4% higher against the dollar and now trades at $17.60 or 0.00032514 BTC.
• Arweave (AR) traded down 1.8% against the dollar and now trades at $19.63 or 0.00036275 BTC.
• Bitcoin SV (BSV) traded 1.1% lower against the dollar and now trades at $44.16 or 0.00081605 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded up 1.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero 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 18,446,744 coins. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. The official website for Monero 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 (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.”

Monero Coin Trading

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

XMR/USD price chart by TradingView