Monero Market Cap Reaches $3.00 Billion (XMR)

Monero (XMR) traded 1.1% lower against the US dollar during the 1-day period ending at 13:00 PM Eastern on October 30th. In the last week, Monero has traded up 4.5% against the US dollar. Monero has a total market cap of $3.00 billion and approximately $57.54 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be purchased for $162.86 or 0.00225671 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $72,167.12 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.7% lower against the dollar and now trades at $0.17 or 0.00000232 BTC.
• Bitcoin Cash (BCH) traded 3.6% lower against the dollar and now trades at $372.22 or 0.00515782 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.05 or 0.00008387 BTC.
• Litecoin (LTC) traded down 1.8% against the dollar and now trades at $72.29 or 0.00100174 BTC.
• Ethereum Classic (ETC) traded 1.2% higher against the dollar and now trades at $19.67 or 0.00027255 BTC.
• Arweave (AR) traded down 3% against the dollar and now trades at $16.63 or 0.00023048 BTC.
• Bitcoin SV (BSV) traded 3.9% lower against the dollar and now trades at $50.72 or 0.00070285 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 3.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Monero

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

According to CryptoCompare, “Monero (XMR) is a decentralized cryptocurrency created in April 2014 by a group of developers led by the pseudonymous developer “thankful_for_today”. It utilizes a combination of ring signatures, ring confidential transactions and stealth addresses to protect sender and receiver privacy, and employs a proof-of-work consensus algorithm to ensure the security of the network. XMR is used as a medium of exchange between individuals and organizations, allowing for fast and secure money transfers over the internet, and can be exchanged for other cryptocurrencies and fiat currencies. It is listed on a variety of cryptocurrency exchanges and is accepted by many merchants and services.”

Monero Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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