Monero Market Cap Reaches $2.28 Billion (XMR)

Monero (XMR) traded 5.8% higher against the US dollar during the 24 hour period ending at 22:00 PM ET on April 20th. During the last seven days, Monero has traded up 6.8% against the US dollar. Monero has a market capitalization of $2.28 billion and $38.33 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for about $123.76 or 0.00190374 BTC on popular cryptocurrency exchanges.

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

  • Bitcoin (BTC) traded 2% higher against the dollar and now trades at $65,002.46 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 3.4% higher against the dollar and now trades at $0.16 or 0.00000248 BTC.
  • Bitcoin Cash (BCH) traded 6.2% higher against the dollar and now trades at $510.13 or 0.00784733 BTC.
  • Litecoin (LTC) traded 4% higher against the dollar and now trades at $84.68 or 0.00130270 BTC.
  • UNUS SED LEO (LEO) traded 1.2% lower against the dollar and now trades at $5.76 or 0.00008860 BTC.
  • Ethereum Classic (ETC) traded up 6% against the dollar and now trades at $27.89 or 0.00042899 BTC.
  • Arweave (AR) traded 11.6% higher against the dollar and now trades at $32.29 or 0.00049677 BTC.
  • Bitcoin SV (BSV) traded up 6.6% against the dollar and now trades at $70.50 or 0.00108448 BTC.
  • eCash (XEC) traded 8.1% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Conflux (CFX) traded 6.5% higher against the dollar and now trades at $0.26 or 0.00000393 BTC.

Monero Profile

Monero 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 18,426,310 coins. The official message board for Monero 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 (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.”

Monero Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

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