Monero (XMR) Market Cap Tops $8.07 Billion

Monero (XMR) traded down 5.2% against the U.S. dollar during the twenty-four hour period ending at 8:00 AM Eastern on December 23rd. Monero has a total market cap of $8.07 billion and $156.04 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for $437.58 or 0.00500090 BTC on cryptocurrency exchanges. Over the last seven days, Monero has traded 5.3% higher against the U.S. dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded down 2.8% against the dollar and now trades at $3.34 or 0.00003815 BTC.
• Bitcoin (BTC) traded down 2.6% against the dollar and now trades at $87,500.70 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.3% against the dollar and now trades at $0.13 or 0.00000148 BTC.
• Bitcoin Cash (BCH) traded down 2.1% against the dollar and now trades at $578.30 or 0.00660909 BTC.
• UNUS SED LEO (LEO) traded down 1.4% against the dollar and now trades at $8.06 or 0.00009207 BTC.
• Zcash (ZEC) traded down 7.9% against the dollar and now trades at $415.42 or 0.00474764 BTC.
• Litecoin (LTC) traded 1.8% lower against the dollar and now trades at $76.49 or 0.00087419 BTC.
• Ethereum Classic (ETC) traded down 2.3% against the dollar and now trades at $12.06 or 0.00013781 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 0.7% against the dollar and now trades at $18.77 or 0.00021446 BTC.

About Monero

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

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)”

Monero Coin Trading

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

XMR/USD price chart by TradingView