Monero (XMR) Hits Market Capitalization of $6.16 Billion

Monero (XMR) traded 0.9% higher against the U.S. dollar during the one day period ending at 8:00 AM Eastern on July 15th. In the last seven days, Monero has traded 1.8% higher against the U.S. dollar. One Monero coin can now be purchased for $327.98 or 0.00506521 BTC on cryptocurrency exchanges. Monero has a market cap of $6.16 billion and $89.29 million worth of Monero was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded up 2.5% against the dollar and now trades at $2.00 or 0.00003086 BTC.
• Bitcoin (BTC) traded up 2.2% against the dollar and now trades at $64,750.59 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.4% higher against the dollar and now trades at $0.0739 or 0.00000114 BTC.
• Zcash (ZEC) traded up 11.6% against the dollar and now trades at $575.58 or 0.00888921 BTC.
• UNUS SED LEO (LEO) traded 2.5% higher against the dollar and now trades at $9.79 or 0.00015125 BTC.
• Bitcoin Cash (BCH) traded down 1.8% against the dollar and now trades at $235.74 or 0.00364067 BTC.
• Litecoin (LTC) traded up 2.9% against the dollar and now trades at $45.37 or 0.00070070 BTC.
• Ethereum Classic (ETC) traded 2.1% higher against the dollar and now trades at $7.07 or 0.00010922 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 3.7% against the dollar and now trades at $13.47 or 0.00020804 BTC.

About Monero

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 18,778,266 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 message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView