Monero Market Cap Reaches $6.06 Billion (XMR)

Monero (XMR) traded 0.7% lower against the US dollar during the twenty-four hour period ending at 9:00 AM ET on February 21st. Monero has a market cap of $6.06 billion and $64.28 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for approximately $328.25 or 0.00481319 BTC on major cryptocurrency exchanges. Over the last week, Monero has traded 7.2% lower against the US dollar.

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

• Arweave (AR) traded up 7.4% against the dollar and now trades at $2.07 or 0.00003035 BTC.
• Bitcoin (BTC) traded up 1.7% against the dollar and now trades at $68,198.67 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4% against the dollar and now trades at $0.10 or 0.00000147 BTC.
• Bitcoin Cash (BCH) traded up 4.4% against the dollar and now trades at $569.41 or 0.00834935 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $8.65 or 0.00012686 BTC.
• Zcash (ZEC) traded up 1.8% against the dollar and now trades at $259.79 or 0.00380931 BTC.
• Litecoin (LTC) traded 4.3% higher against the dollar and now trades at $55.33 or 0.00081127 BTC.
• Ethereum Classic (ETC) traded 13.7% higher against the dollar and now trades at $9.37 or 0.00013734 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 4% against the dollar and now trades at $16.50 or 0.00024191 BTC.

Monero Coin Profile

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 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. The official message board for Monero is forum.getmonero.org. Monero’s official website is www.getmonero.org.

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 purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. 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