Monero (XMR) Achieves Market Cap of $2.93 Billion

Monero (XMR) traded up 2.6% against the U.S. dollar during the 1-day period ending at 23:00 PM E.T. on November 1st. Monero has a total market capitalization of $2.93 billion and approximately $62.56 million worth of Monero was traded on exchanges in the last 24 hours. During the last week, Monero has traded 0.8% higher against the U.S. dollar. One Monero coin can now be bought for approximately $159.05 or 0.00228016 BTC on popular cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 0.8% higher against the dollar and now trades at $69,753.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2% higher against the dollar and now trades at $0.16 or 0.00000233 BTC.
• Bitcoin Cash (BCH) traded 0.4% higher against the dollar and now trades at $351.78 or 0.00504320 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.05 or 0.00008668 BTC.
• Litecoin (LTC) traded 3% higher against the dollar and now trades at $70.92 or 0.00101673 BTC.
• Ethereum Classic (ETC) traded up 0.4% against the dollar and now trades at $18.57 or 0.00026622 BTC.
• Bitcoin SV (BSV) traded 1.1% lower against the dollar and now trades at $49.98 or 0.00071650 BTC.
• Arweave (AR) traded down 2.1% against the dollar and now trades at $14.95 or 0.00021426 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 0.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Monero

Monero (CRYPTO: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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board is forum.getmonero.org. 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 purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. 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