However, despite the notable drop in transaction costs, not all cryptocurrency exchanges have updated their fee structure, prompting members of the Monero community to begin a reach-out campaign to push the matter.
At current exchange rates, 0.04 XMR equals roughly $4.00 while the current average XMR transaction cost is around $0.02 following the launch of the Bulletproof protocol, a significant discrepancy.
XMR is currently trading for $103.88, giving the altcoin a market cap of $1.78 billion and making it the 9th largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.
More: Monero Reddit Post
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.