Monero (XMR) Market Capitalization Tops $2.93 Billion

Monero (XMR) traded down 0.3% against the dollar during the one day period ending at 17:00 PM E.T. on November 5th. Over the last seven days, Monero has traded down 3.6% against the dollar. One Monero coin can currently be purchased for about $158.74 or 0.00228272 BTC on cryptocurrency exchanges. Monero has a market capitalization of $2.93 billion and approximately $56.63 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 3.1% higher against the dollar and now trades at $69,540.51 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 9.3% higher against the dollar and now trades at $0.17 or 0.00000243 BTC.
• Bitcoin Cash (BCH) traded up 4.8% against the dollar and now trades at $342.98 or 0.00493208 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.05 or 0.00008694 BTC.
• Litecoin (LTC) traded 1.5% higher against the dollar and now trades at $66.17 or 0.00095156 BTC.
• Ethereum Classic (ETC) traded 3.8% higher against the dollar and now trades at $18.20 or 0.00026179 BTC.
• Bitcoin SV (BSV) traded 4.6% higher against the dollar and now trades at $47.02 or 0.00067617 BTC.
• Arweave (AR) traded 6.6% higher against the dollar and now trades at $13.65 or 0.00019627 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

Monero (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 18,446,744 coins. Monero’s official website 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. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView