Monero Achieves Market Cap of $4.25 Billion (XMR)

Monero (XMR) traded 2.6% lower against the dollar during the twenty-four hour period ending at 10:00 AM ET on February 18th. Monero has a total market cap of $4.25 billion and $66.43 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $230.36 or 0.00241469 BTC on popular cryptocurrency exchanges. Over the last seven days, Monero has traded up 4.4% against the dollar.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $95,467.21 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.7% against the dollar and now trades at $0.25 or 0.00000258 BTC.
• Litecoin (LTC) traded 1.9% higher against the dollar and now trades at $124.57 or 0.00130576 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $9.76 or 0.00010227 BTC.
• Bitcoin Cash (BCH) traded 5.1% lower against the dollar and now trades at $312.37 or 0.00327435 BTC.
• Ethereum Classic (ETC) traded down 6.1% against the dollar and now trades at $19.83 or 0.00020787 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 7.8% lower against the dollar and now trades at $0.21 or 0.00000223 BTC.
• Bitcoin SV (BSV) traded 4.3% lower against the dollar and now trades at $38.02 or 0.00039853 BTC.
• Arweave (AR) traded 8.2% lower against the dollar and now trades at $8.59 or 0.00009001 BTC.

About Monero

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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board is forum.getmonero.org. Monero’s official website is www.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 (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 purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView