Monero (XMR) Market Capitalization Reaches $3.62 Billion

Monero (XMR) traded 7.2% lower against the US dollar during the twenty-four hour period ending at 11:00 AM ET on April 7th. One Monero coin can currently be bought for $196.26 or 0.00248463 BTC on major cryptocurrency exchanges. In the last seven days, Monero has traded 9.6% lower against the US dollar. Monero has a total market capitalization of $3.62 billion and approximately $108.54 million worth of Monero was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• Arweave (AR) traded down 5.3% against the dollar and now trades at $5.16 or 0.00006537 BTC.
• Bitcoin (BTC) traded down 4.6% against the dollar and now trades at $78,970.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 8.3% against the dollar and now trades at $0.15 or 0.00000188 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $8.96 or 0.00011341 BTC.
• Bitcoin Cash (BCH) traded 7.1% lower against the dollar and now trades at $273.75 or 0.00346558 BTC.
• Litecoin (LTC) traded down 10.8% against the dollar and now trades at $70.69 or 0.00089488 BTC.
• Ethereum Classic (ETC) traded down 7.3% against the dollar and now trades at $14.41 or 0.00018244 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 5.1% lower against the dollar and now trades at $0.15 or 0.00000190 BTC.
• Bitcoin SV (BSV) traded 7.1% lower against the dollar and now trades at $27.12 or 0.00034327 BTC.

Monero Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch 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 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.

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 U.S. dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView