Monero Achieves Market Cap of $10.31 Billion (XMR)

Monero (XMR) traded down 2.1% against the dollar during the 1 day period ending at 9:00 AM E.T. on October 7th. Monero has a market capitalization of $10.31 billion and $4.81 million worth of Monero was traded on exchanges in the last 24 hours. During the last week, Monero has traded 0.7% higher against the dollar. One Monero coin can currently be purchased for about $547.85 or 0.00656107 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Arweave (AR) traded down 7.9% against the dollar and now trades at $4.27 or 0.00005115 BTC.
• Bitcoin (BTC) traded down 3.2% against the dollar and now trades at $83,500.22 or 1.00000000 BTC.
• Zcash (ZEC) traded down 4.2% against the dollar and now trades at $1,318.18 or 0.01578658 BTC.
• Dogecoin (DOGE) traded down 7.5% against the dollar and now trades at $0.0890 or 0.00000107 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $8.88 or 0.00010631 BTC.
• Bitcoin Cash (BCH) traded down 4.3% against the dollar and now trades at $302.61 or 0.00362401 BTC.
• Litecoin (LTC) traded 4.3% lower against the dollar and now trades at $66.99 or 0.00080231 BTC.
• Ethereum Classic (ETC) traded 6.4% lower against the dollar and now trades at $8.37 or 0.00010030 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 4.8% lower against the dollar and now trades at $19.13 or 0.00022908 BTC.

Monero Profile

Monero (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 18,814,487 coins. 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website is www.getmonero.org.

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)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Monero Coin Trading

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 Gemini, GDAX or Changelly. 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