Monero (XMR) Market Capitalization Achieves $2.32 Billion

Monero (XMR) traded up 4.7% against the U.S. dollar during the 24 hour period ending at 9:00 AM E.T. on May 2nd. One Monero coin can currently be bought for $125.61 or 0.00214357 BTC on popular cryptocurrency exchanges. Monero has a market capitalization of $2.32 billion and approximately $44.80 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded 6.5% higher against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 1.6% higher against the dollar and now trades at $58,622.12 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.6% against the dollar and now trades at $0.13 or 0.00000224 BTC.
• Bitcoin Cash (BCH) traded up 3.6% against the dollar and now trades at $424.93 or 0.00725138 BTC.
• Litecoin (LTC) traded up 3.5% against the dollar and now trades at $80.02 or 0.00136558 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $5.86 or 0.00009996 BTC.
• Ethereum Classic (ETC) traded up 3.7% against the dollar and now trades at $25.65 or 0.00043767 BTC.
• Arweave (AR) traded 17.8% higher against the dollar and now trades at $31.71 or 0.00054105 BTC.
• Bitcoin SV (BSV) traded 1.6% higher against the dollar and now trades at $58.32 or 0.00099519 BTC.
• eCash (XEC) traded up 3.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded up 3.4% against the dollar and now trades at $0.22 or 0.00000373 BTC.

About Monero

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,431,119 coins. Monero’s official message board is forum.getmonero.org. 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.

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 presently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. 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