Monero (XMR) Market Cap Reaches $10.01 Billion

Monero (XMR) traded 0.5% higher against the US dollar during the 1-day period ending at 9:00 AM ET on September 13th. One Monero coin can currently be purchased for $532.18 or 0.00693609 BTC on cryptocurrency exchanges. Monero has a total market capitalization of $10.01 billion and $96.06 million worth of Monero was traded on exchanges in the last day. During the last week, Monero has traded down 1.1% against the US dollar.

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

• Arweave (AR) traded 2.5% lower against the dollar and now trades at $2.55 or 0.00003328 BTC.
• Bitcoin (BTC) traded down 0.8% against the dollar and now trades at $76,726.40 or 1.00000000 BTC.
• Zcash (ZEC) traded down 6% against the dollar and now trades at $1,090.24 or 0.01420942 BTC.
• Dogecoin (DOGE) traded 2% lower against the dollar and now trades at $0.0834 or 0.00000109 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $9.05 or 0.00011795 BTC.
• Bitcoin Cash (BCH) traded down 3.3% against the dollar and now trades at $223.56 or 0.00291368 BTC.
• Litecoin (LTC) traded down 0.9% against the dollar and now trades at $53.55 or 0.00069791 BTC.
• Ethereum Classic (ETC) traded 3.2% lower against the dollar and now trades at $7.53 or 0.00009817 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 3.4% higher against the dollar and now trades at $17.07 or 0.00022249 BTC.

Monero Profile

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 18,804,112 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. 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.

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 possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView