Monero (XMR) Market Capitalization Achieves $6.29 Billion

Monero (XMR) traded 1.2% higher against the dollar during the twenty-four hour period ending at 8:00 AM ET on July 19th. One Monero coin can now be purchased for approximately $334.94 or 0.00520208 BTC on major cryptocurrency exchanges. In the last week, Monero has traded up 1.7% against the dollar. Monero has a market cap of $6.29 billion and $78.38 million worth of Monero was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Arweave (AR) traded 0.3% higher against the dollar and now trades at $1.89 or 0.00002943 BTC.
• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $64,385.29 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.1% against the dollar and now trades at $0.0724 or 0.00000112 BTC.
• Zcash (ZEC) traded up 1.6% against the dollar and now trades at $556.32 or 0.00864044 BTC.
• UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $9.80 or 0.00015228 BTC.
• Bitcoin Cash (BCH) traded down 1% against the dollar and now trades at $216.69 or 0.00336547 BTC.
• Litecoin (LTC) traded 3.1% higher against the dollar and now trades at $47.09 or 0.00073131 BTC.
• Ethereum Classic (ETC) traded down 1.3% against the dollar and now trades at $6.93 or 0.00010759 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 2.5% lower against the dollar and now trades at $13.22 or 0.00020526 BTC.

Monero Coin Profile

XMR 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 18,779,964 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. 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.

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)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Monero Coin Trading

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