Monero Hits Market Cap of $2.21 Billion (XMR)

Monero (XMR) traded 1.1% higher against the dollar during the twenty-four hour period ending at 21:00 PM E.T. on April 25th. Monero has a total market cap of $2.21 billion and $39.77 million worth of Monero was traded on exchanges in the last day. In the last seven days, Monero has traded 4.4% higher against the dollar. One Monero coin can now be purchased for about $119.70 or 0.00186661 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 0.5% lower against the dollar and now trades at $64,128.02 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.1% lower against the dollar and now trades at $0.15 or 0.00000232 BTC.
• Bitcoin Cash (BCH) traded down 2.3% against the dollar and now trades at $470.93 or 0.00734367 BTC.
• Litecoin (LTC) traded 0.7% higher against the dollar and now trades at $83.89 or 0.00130817 BTC.
• UNUS SED LEO (LEO) traded 0.8% higher against the dollar and now trades at $5.82 or 0.00009069 BTC.
• Ethereum Classic (ETC) traded 0.7% lower against the dollar and now trades at $26.14 or 0.00040770 BTC.
• Arweave (AR) traded 3.3% higher against the dollar and now trades at $34.37 or 0.00053603 BTC.
• Bitcoin SV (BSV) traded 4.3% lower against the dollar and now trades at $65.60 or 0.00102289 BTC.
• eCash (XEC) traded 1.1% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 4.2% higher against the dollar and now trades at $0.25 or 0.00000395 BTC.

Monero Coin Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,428,464 coins. 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. Monero’s official website is www.getmonero.org.

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 U.S. dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView