Monero Market Cap Hits $3.01 Billion (XMR)

Monero (XMR) traded up 0.5% against the US dollar during the one day period ending at 11:00 AM E.T. on November 6th. During the last week, Monero has traded down 0.1% against the US dollar. Monero has a total market cap of $3.01 billion and $69.40 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $163.26 or 0.00219732 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 5.5% against the dollar and now trades at $74,297.72 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.4% against the dollar and now trades at $0.19 or 0.00000257 BTC.
• Bitcoin Cash (BCH) traded 7.4% higher against the dollar and now trades at $368.88 or 0.00496491 BTC.
• UNUS SED LEO (LEO) traded 1% higher against the dollar and now trades at $6.11 or 0.00008228 BTC.
• Litecoin (LTC) traded 4.5% higher against the dollar and now trades at $69.48 or 0.00093514 BTC.
• Ethereum Classic (ETC) traded up 4.7% against the dollar and now trades at $19.07 or 0.00025668 BTC.
• Arweave (AR) traded up 10.3% against the dollar and now trades at $15.29 or 0.00020577 BTC.
• Bitcoin SV (BSV) traded up 6.4% against the dollar and now trades at $50.29 or 0.00067683 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 4.8% higher against the dollar and now trades at $0.15 or 0.00000201 BTC.

Monero Coin Profile

Monero (CRYPTO: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 message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.”

Buying and Selling Monero

It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView