Monero (XMR) Trading Down 5.3% This Week

Monero (XMR) traded up 1.6% against the dollar during the 1-day period ending at 17:00 PM ET on July 10th. During the last seven days, Monero has traded down 5.3% against the dollar. Monero has a market cap of $2.90 billion and $65.23 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for about $157.34 or 0.00274575 BTC on popular exchanges.

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

• Bitcoin (BTC) traded 0.6% lower against the dollar and now trades at $57,384.21 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0% lower against the dollar and now trades at $0.11 or 0.00000188 BTC.
• Bitcoin Cash (BCH) traded up 1.1% against the dollar and now trades at $337.59 or 0.00589147 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $5.81 or 0.00010137 BTC.
• Litecoin (LTC) traded 1.4% higher against the dollar and now trades at $66.60 or 0.00116231 BTC.
• Ethereum Classic (ETC) traded 0.9% higher against the dollar and now trades at $20.95 or 0.00036567 BTC.
• Arweave (AR) traded 0.3% lower against the dollar and now trades at $22.59 or 0.00039417 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1% higher against the dollar and now trades at $37.62 or 0.00065644 BTC.
• eCash (XEC) traded up 6.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin 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 18,446,744 coins. 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. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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.”

Monero Coin Trading

It is usually not presently 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 GDAX, Gemini 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