Monero Market Capitalization Tops $4.18 Billion (XMR)

Monero (XMR) traded 0.2% higher against the U.S. dollar during the 24 hour period ending at 10:00 AM Eastern on February 6th. In the last week, Monero has traded 0.3% lower against the U.S. dollar. Monero has a market capitalization of $4.18 billion and $70.77 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for approximately $226.68 or 0.00231809 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 0.7% lower against the dollar and now trades at $97,692.90 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.8% against the dollar and now trades at $0.25 or 0.00000260 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $9.80 or 0.00010025 BTC.
• Litecoin (LTC) traded down 3.8% against the dollar and now trades at $103.34 or 0.00105677 BTC.
• Bitcoin Cash (BCH) traded 3.7% lower against the dollar and now trades at $322.37 or 0.00329662 BTC.
• Ethereum Classic (ETC) traded 4.5% lower against the dollar and now trades at $20.16 or 0.00020619 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded down 7.7% against the dollar and now trades at $0.22 or 0.00000221 BTC.
• Bitcoin SV (BSV) traded 5.7% lower against the dollar and now trades at $39.08 or 0.00039967 BTC.
• Arweave (AR) traded down 8% against the dollar and now trades at $9.89 or 0.00010109 BTC.

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

Monero Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView