Monero Price Reaches $171.33 (XMR)

Monero (XMR) traded 1.4% higher against the US dollar during the one day period ending at 8:00 AM E.T. on September 8th. Over the last seven days, Monero has traded up 3% against the US dollar. Monero has a total market cap of $3.16 billion and $56.50 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for approximately $171.33 or 0.00313913 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 0.1% against the dollar and now trades at $54,578.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.2% higher against the dollar and now trades at $0.0958 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 0.2% higher against the dollar and now trades at $303.68 or 0.00556405 BTC.
• UNUS SED LEO (LEO) traded 2.3% higher against the dollar and now trades at $5.51 or 0.00010102 BTC.
• Litecoin (LTC) traded 2.2% lower against the dollar and now trades at $62.08 or 0.00113741 BTC.
• Ethereum Classic (ETC) traded 1.1% higher against the dollar and now trades at $17.79 or 0.00032603 BTC.
• Arweave (AR) traded down 1.9% against the dollar and now trades at $20.18 or 0.00036977 BTC.
• Bitcoin SV (BSV) traded down 1.7% against the dollar and now trades at $44.53 or 0.00081586 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 3.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Monero

XMR 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 Twitter account is @monero and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.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.”

Monero Coin Trading

It is usually not presently 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, Coinbase or Gemini. 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