Monero (XMR) Reaches Market Capitalization of $10.74 Billion

Monero (XMR) traded 7.9% higher against the U.S. dollar during the twenty-four hour period ending at 9:00 AM ET on September 21st. One Monero coin can now be purchased for $571.28 or 0.00670208 BTC on major exchanges. Monero has a market capitalization of $10.74 billion and approximately $214.50 million worth of Monero was traded on exchanges in the last 24 hours. Over the last seven days, Monero has traded up 11.6% against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded up 9.3% against the dollar and now trades at $4.71 or 0.00005522 BTC.
• Bitcoin (BTC) traded 6.1% higher against the dollar and now trades at $85,238.74 or 1.00000000 BTC.
• Zcash (ZEC) traded up 7.1% against the dollar and now trades at $1,544.87 or 0.01812399 BTC.
• Dogecoin (DOGE) traded up 10.2% against the dollar and now trades at $0.0936 or 0.00000110 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $8.93 or 0.00010475 BTC.
• Bitcoin Cash (BCH) traded up 10.1% against the dollar and now trades at $270.91 or 0.00317824 BTC.
• Litecoin (LTC) traded 9.5% higher against the dollar and now trades at $62.37 or 0.00073171 BTC.
• Ethereum Classic (ETC) traded up 6.7% against the dollar and now trades at $8.82 or 0.00010346 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 8.4% against the dollar and now trades at $18.11 or 0.00021249 BTC.

Monero Coin Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,807,574 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.

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 presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView