Monero Hits Market Capitalization of $2.85 Billion (XMR)

Monero (XMR) traded down 5.2% against the U.S. dollar during the one day period ending at 19:00 PM E.T. on October 21st. Over the last seven days, Monero has traded 0.7% lower against the U.S. dollar. Monero has a market capitalization of $2.85 billion and $52.44 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for $154.58 or 0.00228286 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 2.2% lower against the dollar and now trades at $67,712.41 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1% against the dollar and now trades at $0.14 or 0.00000213 BTC.
• Bitcoin Cash (BCH) traded 0.9% lower against the dollar and now trades at $365.61 or 0.00539945 BTC.
• UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $6.10 or 0.00009009 BTC.
• Litecoin (LTC) traded down 4.3% against the dollar and now trades at $70.96 or 0.00104797 BTC.
• Ethereum Classic (ETC) traded down 3.4% against the dollar and now trades at $19.52 or 0.00028826 BTC.
• Arweave (AR) traded 4.7% lower against the dollar and now trades at $18.67 or 0.00027570 BTC.
• Bitcoin SV (BSV) traded 3.5% lower against the dollar and now trades at $49.40 or 0.00072962 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 4.7% lower against the dollar and now trades at $0.16 or 0.00000235 BTC.

About Monero

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 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board 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.”

Monero Coin Trading

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

XMR/USD price chart by TradingView