Monero Reaches Market Cap of $10.28 Billion (XMR)

Monero (XMR) traded 0.3% higher against the dollar during the twenty-four hour period ending at 9:00 AM Eastern on October 3rd. During the last seven days, Monero has traded 1% lower against the dollar. Monero has a market cap of $10.28 billion and approximately $89.25 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for about $546.30 or 0.00643889 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Arweave (AR) traded 5.1% higher against the dollar and now trades at $4.63 or 0.00005460 BTC.
• Bitcoin (BTC) traded down 2.2% against the dollar and now trades at $84,843.19 or 1.00000000 BTC.
• Zcash (ZEC) traded 5.7% lower against the dollar and now trades at $1,308.38 or 0.01542113 BTC.
• Dogecoin (DOGE) traded down 4.5% against the dollar and now trades at $0.0927 or 0.00000109 BTC.
• UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $9.00 or 0.00010606 BTC.
• Bitcoin Cash (BCH) traded 1.5% lower against the dollar and now trades at $311.80 or 0.00367499 BTC.
• Litecoin (LTC) traded 0.8% lower against the dollar and now trades at $69.42 or 0.00081821 BTC.
• Ethereum Classic (ETC) traded 3.3% lower against the dollar and now trades at $8.85 or 0.00010427 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 2.4% lower against the dollar and now trades at $19.75 or 0.00023282 BTC.

Monero Coin Profile

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 18,812,751 coins. 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. 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 possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView