Monero (XMR) Market Cap Hits $2.99 Billion

Monero (XMR) traded down 1.3% against the U.S. dollar during the 1-day period ending at 18:00 PM Eastern on October 28th. One Monero coin can currently be purchased for about $161.83 or 0.00232109 BTC on popular exchanges. Monero has a market capitalization of $2.99 billion and $51.71 million worth of Monero was traded on exchanges in the last 24 hours. During the last seven days, Monero has traded 4.3% higher against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 2.8% against the dollar and now trades at $69,722.13 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 12.6% higher against the dollar and now trades at $0.16 or 0.00000229 BTC.
• Bitcoin Cash (BCH) traded up 3.3% against the dollar and now trades at $364.71 or 0.00523096 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $6.04 or 0.00008668 BTC.
• Litecoin (LTC) traded 0.2% higher against the dollar and now trades at $70.76 or 0.00101489 BTC.
• Ethereum Classic (ETC) traded up 2.1% against the dollar and now trades at $18.80 or 0.00026963 BTC.
• Arweave (AR) traded down 0.9% against the dollar and now trades at $16.14 or 0.00023152 BTC.
• Bitcoin SV (BSV) traded 10.4% higher against the dollar and now trades at $50.95 or 0.00073070 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Monero

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. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official website for Monero 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.

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

XMR/USD price chart by TradingView