Monero (XMR) Market Capitalization Achieves $4.18 Billion

Monero (XMR) traded 1% higher against the U.S. dollar during the 1 day period ending at 11:00 AM E.T. on March 6th. During the last week, Monero has traded 5.7% higher against the U.S. dollar. One Monero coin can now be purchased for approximately $226.70 or 0.00249674 BTC on major exchanges. Monero has a market capitalization of $4.18 billion and approximately $78.00 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 1.6% against the dollar and now trades at $90,861.85 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.4% against the dollar and now trades at $0.21 or 0.00000228 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $9.91 or 0.00010912 BTC.
• Litecoin (LTC) traded 3.3% higher against the dollar and now trades at $105.41 or 0.00116090 BTC.
• Bitcoin Cash (BCH) traded 0.7% higher against the dollar and now trades at $392.05 or 0.00431772 BTC.
• Ethereum Classic (ETC) traded up 1.6% against the dollar and now trades at $20.39 or 0.00022451 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 1.7% higher against the dollar and now trades at $0.22 or 0.00000241 BTC.
• Bitcoin SV (BSV) traded 1.5% lower against the dollar and now trades at $36.49 or 0.00040185 BTC.
• Zcash (ZEC) traded down 1.8% against the dollar and now trades at $35.38 or 0.00038960 BTC.

About Monero

Monero (CRYPTO:XMR) 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 message board is forum.getmonero.org. 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.

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 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 Changelly, Gemini or GDAX. 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