Monero (XMR) Trading 1% Higher Over Last Week

Monero (XMR) traded 1.1% lower against the US dollar during the 24-hour period ending at 13:00 PM ET on July 3rd. During the last week, Monero has traded up 1% against the US dollar. Monero has a total market cap of $3.07 billion and $47.92 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $166.58 or 0.00276416 BTC on major exchanges.

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

• Bitcoin (BTC) traded down 2.8% against the dollar and now trades at $60,229.97 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.6% against the dollar and now trades at $0.12 or 0.00000197 BTC.
• Bitcoin Cash (BCH) traded down 1.4% against the dollar and now trades at $374.71 or 0.00621757 BTC.
• Litecoin (LTC) traded 0.8% lower against the dollar and now trades at $74.43 or 0.00123505 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $5.79 or 0.00009603 BTC.
• Ethereum Classic (ETC) traded down 1.9% against the dollar and now trades at $22.61 or 0.00037516 BTC.
• Arweave (AR) traded 5.5% lower against the dollar and now trades at $26.71 or 0.00044328 BTC.
• Bitcoin SV (BSV) traded 2.5% lower against the dollar and now trades at $42.93 or 0.00071241 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 2.8% lower against the dollar and now trades at $0.16 or 0.00000268 BTC.

Monero Coin Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 18,446,744 coins. Monero’s official website 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. The official message board for Monero is forum.getmonero.org.

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 currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView