Monero Market Capitalization Hits $3.59 Billion (XMR)

Monero (XMR) traded 0.4% higher against the U.S. dollar during the 24 hour period ending at 10:00 AM E.T. on January 1st. During the last week, Monero has traded 0.5% higher against the U.S. dollar. Monero has a total market cap of $3.59 billion and $33.52 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $194.81 or 0.00207372 BTC on popular exchanges.

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

• Bitcoin (BTC) traded 1.5% lower against the dollar and now trades at $93,942.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3% lower against the dollar and now trades at $0.32 or 0.00000338 BTC.
• Bitcoin Cash (BCH) traded down 2.8% against the dollar and now trades at $439.18 or 0.00467500 BTC.
• UNUS SED LEO (LEO) traded up 3.8% against the dollar and now trades at $9.02 or 0.00009602 BTC.
• Litecoin (LTC) traded 0.3% higher against the dollar and now trades at $104.27 or 0.00110998 BTC.
• Ethereum Classic (ETC) traded 3% lower against the dollar and now trades at $25.07 or 0.00026687 BTC.
• Arweave (AR) traded up 1% against the dollar and now trades at $16.88 or 0.00017967 BTC.
• IOTA (MIOTA) traded up 2% against the dollar and now trades at $0.30 or 0.00000319 BTC.
• Bitcoin SV (BSV) traded 2.1% lower against the dollar and now trades at $50.66 or 0.00053926 BTC.
• Zcash (ZEC) traded down 4.2% against the dollar and now trades at $55.99 or 0.00059600 BTC.

About Monero

Monero (XMR) 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. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.getmonero.org. Monero’s official message board 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.”

Buying and Selling Monero

It is usually not 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 Changelly, Gemini or GDAX. 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