Monero Price Up 0.1% This Week (XMR)

Monero (XMR) traded 3.5% lower against the U.S. dollar during the twenty-four hour period ending at 22:00 PM E.T. on April 24th. In the last week, Monero has traded 0.1% higher against the U.S. dollar. Monero has a market capitalization of $2.17 billion and $38.03 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for about $117.93 or 0.00183367 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded down 3.8% against the dollar and now trades at $64,312.77 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 6.2% against the dollar and now trades at $0.15 or 0.00000237 BTC.
• Bitcoin Cash (BCH) traded 5.4% lower against the dollar and now trades at $482.19 or 0.00749754 BTC.
• Litecoin (LTC) traded down 2.9% against the dollar and now trades at $83.39 or 0.00129656 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.77 or 0.00008971 BTC.
• Ethereum Classic (ETC) traded 7.1% lower against the dollar and now trades at $26.39 or 0.00041038 BTC.
• Arweave (AR) traded down 2.9% against the dollar and now trades at $33.23 or 0.00051663 BTC.
• Bitcoin SV (BSV) traded 4.7% lower against the dollar and now trades at $68.45 or 0.00106426 BTC.
• eCash (XEC) traded 5.9% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 6.1% lower against the dollar and now trades at $0.24 or 0.00000379 BTC.

Monero Profile

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 18,428,035 coins. Monero’s official website is www.getmonero.org. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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 buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView