Monero Trading Up 1.1% This Week (XMR)

Monero (XMR) traded 0.4% lower against the U.S. dollar during the 24-hour period ending at 0:00 AM ET on July 21st. Monero has a total market cap of $3.01 billion and $90.74 million worth of Monero was traded on exchanges in the last 24 hours. Over the last seven days, Monero has traded 1.1% higher against the U.S. dollar. One Monero coin can currently be purchased for $163.12 or 0.00240017 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 1.2% against the dollar and now trades at $67,961.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 6.8% against the dollar and now trades at $0.14 or 0.00000208 BTC.
• Bitcoin Cash (BCH) traded 1.1% higher against the dollar and now trades at $400.83 or 0.00589787 BTC.
• Litecoin (LTC) traded 0.7% higher against the dollar and now trades at $73.76 or 0.00108527 BTC.
• UNUS SED LEO (LEO) traded up 1.3% against the dollar and now trades at $5.74 or 0.00008441 BTC.
• Ethereum Classic (ETC) traded up 0.2% against the dollar and now trades at $23.95 or 0.00035238 BTC.
• Arweave (AR) traded 4% lower against the dollar and now trades at $33.55 or 0.00049364 BTC.
• Bitcoin SV (BSV) traded down 1.3% against the dollar and now trades at $46.77 or 0.00068815 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded up 0.8% against the dollar and now trades at $0.17 or 0.00000256 BTC.

About Monero

Monero (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 possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, 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