Monero Market Capitalization Achieves $3.97 Billion (XMR)

Monero (XMR) traded up 2.6% against the dollar during the 1 day period ending at 10:00 AM ET on March 22nd. One Monero coin can now be purchased for approximately $215.11 or 0.00255534 BTC on major cryptocurrency exchanges. Monero has a total market capitalization of $3.97 billion and $55.18 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded up 2.9% against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• Arweave (AR) traded up 9% against the dollar and now trades at $7.17 or 0.00008517 BTC.
• Bitcoin (BTC) traded 0.1% lower against the dollar and now trades at $84,144.26 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.9% against the dollar and now trades at $0.17 or 0.00000200 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $9.71 or 0.00011534 BTC.
• Litecoin (LTC) traded 2.1% lower against the dollar and now trades at $91.09 or 0.00108206 BTC.
• Bitcoin Cash (BCH) traded 2.2% lower against the dollar and now trades at $323.54 or 0.00384337 BTC.
• Ethereum Classic (ETC) traded 1.1% higher against the dollar and now trades at $17.82 or 0.00021172 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 2.1% higher against the dollar and now trades at $0.18 or 0.00000216 BTC.
• Bitcoin SV (BSV) traded down 0.3% against the dollar and now trades at $33.77 or 0.00040111 BTC.

About Monero

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org.

According to CryptoCompare, “Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)”

Monero Coin Trading

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