Monero Achieves Market Capitalization of $2.83 Billion (XMR)

Monero (XMR) traded down 4.9% against the dollar during the 1-day period ending at 12:00 PM Eastern on October 21st. One Monero coin can currently be purchased for approximately $153.38 or 0.00228995 BTC on popular cryptocurrency exchanges. Monero has a total market capitalization of $2.83 billion and approximately $48.47 million worth of Monero was traded on exchanges in the last day. Over the last seven days, Monero has traded 1.6% lower against the dollar.

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

• Bitcoin (BTC) traded 2.1% lower against the dollar and now trades at $66,977.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.9% higher against the dollar and now trades at $0.14 or 0.00000209 BTC.
• Bitcoin Cash (BCH) traded down 1.8% against the dollar and now trades at $360.27 or 0.00537895 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $6.10 or 0.00009107 BTC.
• Litecoin (LTC) traded 4.8% lower against the dollar and now trades at $71.22 or 0.00106335 BTC.
• Ethereum Classic (ETC) traded down 3.3% against the dollar and now trades at $19.43 or 0.00029014 BTC.
• Arweave (AR) traded down 3.6% against the dollar and now trades at $18.57 or 0.00027731 BTC.
• Bitcoin SV (BSV) traded 3.9% lower against the dollar and now trades at $49.06 or 0.00073254 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 3.6% lower against the dollar and now trades at $0.16 or 0.00000236 BTC.

Monero Profile

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

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 possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. 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