Monero (XMR) Market Capitalization Tops $3.06 Billion

Monero (XMR) traded 0.7% lower against the U.S. dollar during the 1 day period ending at 23:00 PM ET on June 29th. In the last seven days, Monero has traded 1% lower against the U.S. dollar. Monero has a market cap of $3.06 billion and approximately $38.84 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for approximately $165.87 or 0.00272966 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $60,765.48 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.3% lower against the dollar and now trades at $0.12 or 0.00000199 BTC.
• Bitcoin Cash (BCH) traded down 1.3% against the dollar and now trades at $380.60 or 0.00626341 BTC.
• Litecoin (LTC) traded 2.3% higher against the dollar and now trades at $75.30 or 0.00123923 BTC.
• UNUS SED LEO (LEO) traded 1.6% lower against the dollar and now trades at $5.82 or 0.00009579 BTC.
• Ethereum Classic (ETC) traded 3.5% lower against the dollar and now trades at $22.82 or 0.00037550 BTC.
• Arweave (AR) traded 2.5% higher against the dollar and now trades at $27.72 or 0.00045624 BTC.
• Bitcoin SV (BSV) traded 3.1% lower against the dollar and now trades at $43.27 or 0.00071216 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 6.9% lower against the dollar and now trades at $0.16 or 0.00000256 BTC.

Monero Coin Profile

Monero 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. 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 message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView