Monero Market Capitalization Tops $3.01 Billion (XMR)

Monero (XMR) traded 1.3% higher against the U.S. dollar during the 1-day period ending at 23:00 PM E.T. on October 27th. Over the last seven days, Monero has traded up 0.9% against the U.S. dollar. Monero has a market cap of $3.01 billion and approximately $43.63 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for about $163.39 or 0.00241307 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $67,712.81 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 5.5% against the dollar and now trades at $0.15 or 0.00000215 BTC.
• Bitcoin Cash (BCH) traded up 0.2% against the dollar and now trades at $349.06 or 0.00515513 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $6.05 or 0.00008940 BTC.
• Litecoin (LTC) traded 4.2% higher against the dollar and now trades at $71.20 or 0.00105153 BTC.
• Ethereum Classic (ETC) traded 1% higher against the dollar and now trades at $18.30 or 0.00027025 BTC.
• Arweave (AR) traded 0.6% lower against the dollar and now trades at $15.88 or 0.00023449 BTC.
• Bitcoin SV (BSV) traded up 1% against the dollar and now trades at $45.81 or 0.00067657 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 1.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero 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. 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. The official message board for Monero is forum.getmonero.org. The official website for Monero 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.”

Buying and Selling Monero

It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly 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