Monero Hits Market Capitalization of $10.24 Billion (XMR)

Monero (XMR) traded 1.9% higher against the US dollar during the 24 hour period ending at 9:00 AM E.T. on September 29th. Monero has a total market capitalization of $10.24 billion and approximately $116.99 million worth of Monero was traded on exchanges in the last 24 hours. During the last seven days, Monero has traded 6.2% lower against the US dollar. One Monero coin can now be purchased for approximately $544.22 or 0.00645254 BTC on popular cryptocurrency exchanges.

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

• Arweave (AR) traded down 1.9% against the dollar and now trades at $4.30 or 0.00005097 BTC.
• Bitcoin (BTC) traded up 0.9% against the dollar and now trades at $84,342.46 or 1.00000000 BTC.
• Zcash (ZEC) traded 9.4% lower against the dollar and now trades at $1,441.86 or 0.01709527 BTC.
• Dogecoin (DOGE) traded up 1.5% against the dollar and now trades at $0.0960 or 0.00000114 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $9.00 or 0.00010673 BTC.
• Bitcoin Cash (BCH) traded 0.7% lower against the dollar and now trades at $312.45 or 0.00370451 BTC.
• Litecoin (LTC) traded 3.3% lower against the dollar and now trades at $68.64 or 0.00081388 BTC.
• Ethereum Classic (ETC) traded 0.3% higher against the dollar and now trades at $9.31 or 0.00011037 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1.8% higher against the dollar and now trades at $20.71 or 0.00024549 BTC.

Monero Profile

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 18,811,039 coins. The official website for Monero is www.getmonero.org. Monero’s official message board is forum.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 presently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView