Monero Market Capitalization Tops $6.01 Billion (XMR)

Monero (XMR) traded down 7.1% against the U.S. dollar during the twenty-four hour period ending at 9:00 AM Eastern on June 5th. During the last seven days, Monero has traded down 9.5% against the U.S. dollar. One Monero coin can now be purchased for $325.87 or 0.00525689 BTC on major cryptocurrency exchanges. Monero has a total market capitalization of $6.01 billion and $187.55 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded down 14.3% against the dollar and now trades at $2.04 or 0.00003285 BTC.
• Bitcoin (BTC) traded down 2.5% against the dollar and now trades at $61,988.82 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6% lower against the dollar and now trades at $0.0839 or 0.00000135 BTC.
• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $9.83 or 0.00015863 BTC.
• Zcash (ZEC) traded down 39.8% against the dollar and now trades at $319.16 or 0.00514871 BTC.
• Bitcoin Cash (BCH) traded 11% lower against the dollar and now trades at $222.16 or 0.00358384 BTC.
• Litecoin (LTC) traded down 5.1% against the dollar and now trades at $44.18 or 0.00071270 BTC.
• Ethereum Classic (ETC) traded 6.9% lower against the dollar and now trades at $6.93 or 0.00011172 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 6.4% against the dollar and now trades at $12.38 or 0.00019964 BTC.

Monero Profile

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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board is forum.getmonero.org. 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 is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity. Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions. Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Monero Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. 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