Monero (XMR) Hits Market Cap of $6.51 Billion

Monero (XMR) traded 2.2% higher against the dollar during the 1-day period ending at 9:00 AM ET on April 14th. One Monero coin can now be purchased for approximately $352.86 or 0.00474562 BTC on major exchanges. In the last seven days, Monero has traded 7.7% higher against the dollar. Monero has a market capitalization of $6.51 billion and approximately $104.77 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 5.2% higher against the dollar and now trades at $1.76 or 0.00002363 BTC.
• Bitcoin (BTC) traded 3.9% higher against the dollar and now trades at $74,355.46 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.1% against the dollar and now trades at $0.0940 or 0.00000126 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $10.11 or 0.00013603 BTC.
• Bitcoin Cash (BCH) traded 2.9% higher against the dollar and now trades at $438.48 or 0.00589710 BTC.
• Zcash (ZEC) traded up 2.8% against the dollar and now trades at $370.51 or 0.00498299 BTC.
• Litecoin (LTC) traded 2.9% higher against the dollar and now trades at $54.47 or 0.00073256 BTC.
• Ethereum Classic (ETC) traded 3.2% higher against the dollar and now trades at $8.44 or 0.00011344 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 2.8% against the dollar and now trades at $15.44 or 0.00020767 BTC.

Monero Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 18,446,744 coins. The official website for Monero is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board 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.

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 presently 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 GDAX, Changelly 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