Monero Trading 0.2% Lower Over Last Week (XMR)

Monero (XMR) traded 2.5% lower against the dollar during the one day period ending at 20:00 PM E.T. on July 29th. In the last seven days, Monero has traded 0.2% lower against the dollar. Monero has a market cap of $2.96 billion and approximately $67.91 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for about $160.48 or 0.00241382 BTC on exchanges.

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

• Bitcoin (BTC) traded down 3.4% against the dollar and now trades at $66,485.67 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.2% against the dollar and now trades at $0.13 or 0.00000194 BTC.
• Bitcoin Cash (BCH) traded 5% higher against the dollar and now trades at $441.66 or 0.00664301 BTC.
• Litecoin (LTC) traded up 3.4% against the dollar and now trades at $74.20 or 0.00111599 BTC.
• UNUS SED LEO (LEO) traded 3.3% lower against the dollar and now trades at $5.68 or 0.00008538 BTC.
• Ethereum Classic (ETC) traded 0.2% lower against the dollar and now trades at $22.82 or 0.00034319 BTC.
• Arweave (AR) traded down 1.9% against the dollar and now trades at $30.97 or 0.00046581 BTC.
• Bitcoin SV (BSV) traded 10.6% higher against the dollar and now trades at $51.64 or 0.00077677 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded up 4.8% against the dollar and now trades at $0.0000 or 0.00000000 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. The official message board for Monero is forum.getmonero.org. The official website for Monero is www.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.”

Monero Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView