Monero (XMR) Achieves Market Capitalization of $4.02 Billion

Monero (XMR) traded down 1.6% against the U.S. dollar during the one day period ending at 10:00 AM E.T. on January 25th. One Monero coin can now be purchased for $217.96 or 0.00208597 BTC on popular cryptocurrency exchanges. Monero has a total market cap of $4.02 billion and approximately $55.60 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded 0.7% higher against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 1.3% against the dollar and now trades at $104,486.40 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.4% against the dollar and now trades at $0.35 or 0.00000335 BTC.
• Litecoin (LTC) traded up 4.5% against the dollar and now trades at $127.20 or 0.00121738 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $9.80 or 0.00009378 BTC.
• Bitcoin Cash (BCH) traded 0.3% lower against the dollar and now trades at $439.89 or 0.00421000 BTC.
• Ethereum Classic (ETC) traded down 4.9% against the dollar and now trades at $26.90 or 0.00025743 BTC.
• IOTA (MIOTA) traded down 4% against the dollar and now trades at $0.32 or 0.00000308 BTC.
• Bitcoin SV (BSV) traded down 0.2% against the dollar and now trades at $52.13 or 0.00049896 BTC.
• Arweave (AR) traded down 4% against the dollar and now trades at $14.48 or 0.00013857 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Monero Coin Profile

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 Twitter account is @monero and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. Monero’s official website is www.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.”

Monero Coin Trading

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

XMR/USD price chart by TradingView