One of the top ten cryptocurrency – Monero (XMR) has attained an extraordinary milestone in terms of price volume in the last 24 hours which has given a tough competition to its nearest opponent Tether (UADT) to become the ninth largest cryptocurrency. This major twist has surprised everyone in the crypto market.
On 11th November, Monero slashed by 2.67% and traded at a price of $103.36. With this, Tether (just above Monero) traded at $0.998064 after attaining the level gains of 0.38%. Amid the entire scenario, Monroe did not take a long time to surpass its competitor – Tether which stands at no.10 today as per CoinMarketCap.
With this, the token roared by 2.10 % while pushing its trading price to the level $105.80. The upside moment in trading volume initiated Monero’s market cap from $1.71 billion to $1.75 billion against Tether token whose market cap was at $1.77 billion but has now declined to $1.69 billion.
There are traders and community users from various exchange giants like Bithumb and Binance can be credited for the token’s current trading price moment. With this, Bithumb trading pairs as compared to the South Korean Won (KRW) totaled at $530.49 million, while the Binance trading pairs of Monero compared to Bitcoin approximately at $4.30 million.
With this, Cardano, a distributed computing platform that runs the blockchain for the Ada cryptocurrency with ranked 8 fell by 1.61% will be stuck by Monero as the token still continues to go upward.
During this time, BAT has started suffering huge losses due to its listing on two exchanges namely CoinbasePro and Coinbase.com. With the trading price stands at $0.26 with Market cap stands at $310,806,078 as per Coinmarketcap as on 13th November 2018 (4.21pm IST)
Monero stands at no. 9 with current traded price stands at $104.77 with Market cap stands at $1,735,619,285 as per Coinmarketcap as on 13th November 2018 (4.21pm IST)
Monero is an open-source cryptocurrency created in April 2014 that focuses on fungibility, privacy, and decentralization. With this, Monero uses an obfuscated public ledger, meaning anybody can broadcast or send transactions, but no outside observer can tell the source, amount or destination.
For more information, please visit: https://monero.org/