Monero Reaches Market Cap of $2.53 Billion (XMR)

Monero (XMR) traded 2% higher against the US dollar during the 24 hour period ending at 0:00 AM ET on May 20th. One Monero coin can currently be bought for $137.06 or 0.00192214 BTC on popular exchanges. During the last seven days, Monero has traded 1.6% higher against the US dollar. Monero has a total market capitalization of $2.53 billion and approximately $48.10 million worth of Monero was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

  • Bitcoin (BTC) traded up 6.9% against the dollar and now trades at $71,303.23 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 8.3% higher against the dollar and now trades at $0.16 or 0.00000230 BTC.
  • Bitcoin Cash (BCH) traded up 6.7% against the dollar and now trades at $515.99 or 0.00723652 BTC.
  • Litecoin (LTC) traded up 4.9% against the dollar and now trades at $87.39 or 0.00122566 BTC.
  • UNUS SED LEO (LEO) traded 1.4% higher against the dollar and now trades at $5.99 or 0.00008405 BTC.
  • Ethereum Classic (ETC) traded 14.1% higher against the dollar and now trades at $31.82 or 0.00044630 BTC.
  • Arweave (AR) traded 6.7% lower against the dollar and now trades at $44.96 or 0.00063060 BTC.
  • Bitcoin SV (BSV) traded up 8.1% against the dollar and now trades at $70.32 or 0.00098626 BTC.
  • eCash (XEC) traded up 7.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Conflux (CFX) traded up 8.5% against the dollar and now trades at $0.24 or 0.00000333 BTC.

About Monero

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 18,439,304 coins. 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 official website for Monero 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.”

Buying and Selling Monero

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

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