Monero Achieves Market Cap of $10.31 Billion (XMR)

Monero (XMR) traded 2.1% lower against the dollar during the 24 hour period ending at 9:00 AM ET on October 7th. One Monero coin can currently be purchased for $547.85 or 0.00656107 BTC on exchanges. Monero has a total market cap of $10.31 billion and $4.81 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded up 0.7% against the dollar.

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

• Arweave (AR) traded 7.9% lower against the dollar and now trades at $4.27 or 0.00005115 BTC.
• Bitcoin (BTC) traded 3.2% lower against the dollar and now trades at $83,500.22 or 1.00000000 BTC.
• Zcash (ZEC) traded down 4.2% against the dollar and now trades at $1,318.18 or 0.01578658 BTC.
• Dogecoin (DOGE) traded down 7.5% against the dollar and now trades at $0.0890 or 0.00000107 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $8.88 or 0.00010631 BTC.
• Bitcoin Cash (BCH) traded down 4.3% against the dollar and now trades at $302.61 or 0.00362401 BTC.
• Litecoin (LTC) traded 4.3% lower against the dollar and now trades at $66.99 or 0.00080231 BTC.
• Ethereum Classic (ETC) traded down 6.4% against the dollar and now trades at $8.37 or 0.00010030 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 4.8% lower against the dollar and now trades at $19.13 or 0.00022908 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 18,814,487 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. The official message board for Monero 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”

Monero Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView