Monero (XMR) Market Capitalization Achieves $2.29 Billion

Monero (XMR) traded up 3.4% against the dollar during the twenty-four hour period ending at 12:00 PM E.T. on April 28th. One Monero coin can currently be bought for $124.13 or 0.00195240 BTC on cryptocurrency exchanges. In the last seven days, Monero has traded 4.5% higher against the dollar. Monero has a total market cap of $2.29 billion and approximately $51.31 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 1.5% against the dollar and now trades at $63,576.89 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3% against the dollar and now trades at $0.15 or 0.00000236 BTC.
• Bitcoin Cash (BCH) traded 1% higher against the dollar and now trades at $479.94 or 0.00754902 BTC.
• Litecoin (LTC) traded 0.2% higher against the dollar and now trades at $84.93 or 0.00133581 BTC.
• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $5.76 or 0.00009057 BTC.
• Ethereum Classic (ETC) traded 8.7% higher against the dollar and now trades at $29.11 or 0.00045786 BTC.
• Arweave (AR) traded up 15.3% against the dollar and now trades at $37.22 or 0.00058539 BTC.
• Bitcoin SV (BSV) traded up 2.4% against the dollar and now trades at $67.22 or 0.00105728 BTC.
• eCash (XEC) traded 1.6% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded up 3.8% against the dollar and now trades at $0.24 or 0.00000382 BTC.

About Monero

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 18,429,612 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. Monero’s official website is www.getmonero.org. Monero’s official message board is forum.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.”

Buying and Selling Monero

It is usually not 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView