Monero Achieves Market Capitalization of $3.13 Billion (XMR)

Monero (XMR) traded up 0.8% against the US dollar during the 1 day period ending at 13:00 PM ET on September 15th. Monero has a total market capitalization of $3.13 billion and approximately $42.25 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for about $169.52 or 0.00283614 BTC on exchanges. In the last week, Monero has traded 0.9% lower against the US dollar.

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

• Bitcoin (BTC) traded down 0.1% against the dollar and now trades at $59,772.56 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.4% against the dollar and now trades at $0.10 or 0.00000175 BTC.
• Bitcoin Cash (BCH) traded down 2.7% against the dollar and now trades at $319.47 or 0.00534473 BTC.
• UNUS SED LEO (LEO) traded 2.4% higher against the dollar and now trades at $5.87 or 0.00009825 BTC.
• Litecoin (LTC) traded down 3.4% against the dollar and now trades at $64.15 or 0.00107327 BTC.
• Ethereum Classic (ETC) traded down 2.5% against the dollar and now trades at $18.13 or 0.00030333 BTC.
• Arweave (AR) traded 3.4% lower against the dollar and now trades at $19.31 or 0.00032308 BTC.
• Bitcoin SV (BSV) traded down 1.9% against the dollar and now trades at $47.50 or 0.00079470 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Nervos Network (CKB) traded up 14.1% against the dollar and now trades at $0.0165 or 0.00000028 BTC.

Monero Coin Profile

Monero (CRYPTO: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 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. 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 (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 trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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