Monero (XMR) Achieves Market Cap of $2.89 Billion

Monero (XMR) traded down 0.2% against the U.S. dollar during the 1-day period ending at 20:00 PM Eastern on October 23rd. Monero has a market capitalization of $2.89 billion and approximately $38.42 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded 0.4% higher against the U.S. dollar. One Monero coin can currently be bought for about $156.69 or 0.00234974 BTC on popular exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 0.9% against the dollar and now trades at $66,684.07 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.3% against the dollar and now trades at $0.14 or 0.00000210 BTC.
• Bitcoin Cash (BCH) traded down 2.6% against the dollar and now trades at $348.03 or 0.00521907 BTC.
• UNUS SED LEO (LEO) traded up 1.4% against the dollar and now trades at $6.08 or 0.00009112 BTC.
• Litecoin (LTC) traded up 0.3% against the dollar and now trades at $70.07 or 0.00105072 BTC.
• Ethereum Classic (ETC) traded down 2.1% against the dollar and now trades at $18.63 or 0.00027936 BTC.
• Arweave (AR) traded down 2.5% against the dollar and now trades at $18.00 or 0.00026988 BTC.
• Bitcoin SV (BSV) traded 3% lower against the dollar and now trades at $46.89 or 0.00070321 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded down 4.7% against the dollar and now trades at $0.15 or 0.00000227 BTC.

Monero Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,446,744 coins. The official message board for Monero is forum.getmonero.org. Monero’s official website is www.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.

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 acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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