Monero (XMR) Market Capitalization Tops $3.14 Billion

Monero (XMR) traded 0.9% higher against the U.S. dollar during the 1-day period ending at 19:00 PM E.T. on September 15th. Over the last seven days, Monero has traded down 0.6% against the U.S. dollar. Monero has a market cap of $3.14 billion and approximately $43.22 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for about $170.15 or 0.00288065 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 1.4% against the dollar and now trades at $59,136.20 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.6% against the dollar and now trades at $0.10 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded down 3.4% against the dollar and now trades at $316.19 or 0.00535307 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $5.70 or 0.00009656 BTC.
• Litecoin (LTC) traded 4.1% lower against the dollar and now trades at $63.34 or 0.00107241 BTC.
• Ethereum Classic (ETC) traded 4.1% lower against the dollar and now trades at $17.84 or 0.00030196 BTC.
• Arweave (AR) traded 4.9% lower against the dollar and now trades at $19.03 or 0.00032216 BTC.
• Bitcoin SV (BSV) traded down 4.2% against the dollar and now trades at $46.65 or 0.00078979 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Nervos Network (CKB) traded 12.3% higher against the dollar and now trades at $0.0164 or 0.00000028 BTC.

Monero Profile

Monero 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. The official message board for Monero is forum.getmonero.org. The official website for Monero 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.”

Buying and Selling Monero

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

XMR/USD price chart by TradingView