Monero Market Cap Achieves $3.17 Billion (XMR)

Monero (XMR) traded 0.5% higher against the dollar during the 24 hour period ending at 17:00 PM ET on September 17th. One Monero coin can now be purchased for approximately $171.81 or 0.00284771 BTC on cryptocurrency exchanges. During the last seven days, Monero has traded up 2.4% against the dollar. Monero has a market capitalization of $3.17 billion and approximately $54.39 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 4.1% higher against the dollar and now trades at $60,331.05 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.5% against the dollar and now trades at $0.10 or 0.00000168 BTC.
• Bitcoin Cash (BCH) traded 1.4% higher against the dollar and now trades at $314.58 or 0.00521426 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.71 or 0.00009459 BTC.
• Litecoin (LTC) traded up 2.1% against the dollar and now trades at $63.62 or 0.00105452 BTC.
• Ethereum Classic (ETC) traded 2.1% higher against the dollar and now trades at $18.05 or 0.00029921 BTC.
• Arweave (AR) traded down 0.5% against the dollar and now trades at $18.64 or 0.00030891 BTC.
• Bitcoin SV (BSV) traded up 3.2% against the dollar and now trades at $47.35 or 0.00078483 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Nervos Network (CKB) traded 3.4% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Monero

XMR 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 18,446,744 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 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 GDAX, Coinbase 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