Monero (XMR) Hits Market Capitalization of $10.56 Billion

Monero (XMR) traded 3% higher against the dollar during the one day period ending at 9:00 AM Eastern on September 25th. One Monero coin can currently be bought for $561.38 or 0.00664382 BTC on major cryptocurrency exchanges. In the last seven days, Monero has traded up 5.2% against the dollar. Monero has a market cap of $10.56 billion and approximately $140.73 million worth of Monero was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded 6.8% higher against the dollar and now trades at $4.66 or 0.00005521 BTC.
• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $84,496.99 or 1.00000000 BTC.
• Zcash (ZEC) traded up 7.6% against the dollar and now trades at $1,599.47 or 0.01892934 BTC.
• Dogecoin (DOGE) traded 6.3% higher against the dollar and now trades at $0.0985 or 0.00000117 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $8.83 or 0.00010456 BTC.
• Bitcoin Cash (BCH) traded down 0.1% against the dollar and now trades at $334.97 or 0.00396434 BTC.
• Litecoin (LTC) traded 5.8% higher against the dollar and now trades at $70.06 or 0.00082915 BTC.
• Ethereum Classic (ETC) traded 1.6% higher against the dollar and now trades at $9.58 or 0.00011337 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 0.2% against the dollar and now trades at $21.49 or 0.00025435 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 18,809,282 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 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)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Buying and Selling Monero

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