Monero (XMR) Market Capitalization Achieves $6.29 Billion

Monero (XMR) traded 1.2% higher against the US dollar during the 24 hour period ending at 8:00 AM Eastern on July 19th. One Monero coin can currently be purchased for about $334.94 or 0.00520208 BTC on exchanges. Monero has a market capitalization of $6.29 billion and approximately $78.38 million worth of Monero was traded on exchanges in the last day. During the last week, Monero has traded up 1.7% against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Arweave (AR) traded 0.3% higher against the dollar and now trades at $1.89 or 0.00002943 BTC.
• Bitcoin (BTC) traded up 0.3% against the dollar and now trades at $64,385.29 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.1% higher against the dollar and now trades at $0.0724 or 0.00000112 BTC.
• Zcash (ZEC) traded 1.6% higher against the dollar and now trades at $556.32 or 0.00864044 BTC.
• UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $9.80 or 0.00015228 BTC.
• Bitcoin Cash (BCH) traded down 1% against the dollar and now trades at $216.69 or 0.00336547 BTC.
• Litecoin (LTC) traded up 3.1% against the dollar and now trades at $47.09 or 0.00073131 BTC.
• Ethereum Classic (ETC) traded down 1.3% against the dollar and now trades at $6.93 or 0.00010759 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 2.5% against the dollar and now trades at $13.22 or 0.00020526 BTC.

Monero Coin Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 18,779,964 coins. Monero’s official message board 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 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 currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView