Monero (XMR) Hits Market Capitalization of $5.94 Billion

Monero (XMR) traded up 1% against the U.S. dollar during the 1-day period ending at 8:00 AM Eastern on July 3rd. Monero has a market cap of $5.94 billion and $88.72 million worth of Monero was traded on exchanges in the last 24 hours. Over the last week, Monero has traded up 2.2% against the U.S. dollar. One Monero coin can now be purchased for approximately $316.17 or 0.00510870 BTC on exchanges.

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

• Arweave (AR) traded 0.3% higher against the dollar and now trades at $2.01 or 0.00003244 BTC.
• Bitcoin (BTC) traded up 0.7% against the dollar and now trades at $61,887.55 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.1% higher against the dollar and now trades at $0.0758 or 0.00000122 BTC.
• UNUS SED LEO (LEO) traded up 0.9% against the dollar and now trades at $9.13 or 0.00014755 BTC.
• Zcash (ZEC) traded 1.7% higher against the dollar and now trades at $456.09 or 0.00736971 BTC.
• Bitcoin Cash (BCH) traded up 3.4% against the dollar and now trades at $225.14 or 0.00363790 BTC.
• Litecoin (LTC) traded up 1% against the dollar and now trades at $43.49 or 0.00070270 BTC.
• Ethereum Classic (ETC) traded up 1% against the dollar and now trades at $7.21 or 0.00011657 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 0.1% against the dollar and now trades at $14.20 or 0.00022944 BTC.

About Monero

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,773,040 coins. 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. Monero’s official message board is forum.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 US dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView