Monero (XMR) Price Reaches $156.22 on Top Exchanges

Monero (XMR) traded 1.4% lower against the US dollar during the 24-hour period ending at 23:00 PM E.T. on July 31st. One Monero coin can now be bought for about $156.22 or 0.00244263 BTC on cryptocurrency exchanges. During the last seven days, Monero has traded down 1.1% against the US dollar. Monero has a total market capitalization of $2.88 billion and $84.83 million worth of Monero was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 3.2% against the dollar and now trades at $63,956.51 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.3% lower against the dollar and now trades at $0.12 or 0.00000189 BTC.
• Bitcoin Cash (BCH) traded down 4.3% against the dollar and now trades at $415.85 or 0.00650202 BTC.
• Litecoin (LTC) traded 2.2% lower against the dollar and now trades at $70.70 or 0.00110537 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.68 or 0.00008887 BTC.
• Ethereum Classic (ETC) traded down 1.8% against the dollar and now trades at $21.92 or 0.00034277 BTC.
• Arweave (AR) traded down 2.1% against the dollar and now trades at $29.25 or 0.00045730 BTC.
• Bitcoin SV (BSV) traded down 2.8% against the dollar and now trades at $49.64 or 0.00077613 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 1.7% higher against the dollar and now trades at $0.0000 or 0.00000000 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 18,446,744 coins. The official message board for Monero is forum.getmonero.org. 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 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.”

Buying and Selling Monero

It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade 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