Monero Trading Up 2% Over Last Week (XMR)

Monero (XMR) traded 4.1% higher against the dollar during the one day period ending at 19:00 PM E.T. on September 8th. Over the last seven days, Monero has traded up 2% against the dollar. One Monero coin can now be purchased for about $172.57 or 0.00316515 BTC on exchanges. Monero has a total market cap of $3.18 billion and $53.37 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $54,517.18 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.9% against the dollar and now trades at $0.0957 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 2.2% higher against the dollar and now trades at $304.62 or 0.00558698 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $5.41 or 0.00009916 BTC.
• Litecoin (LTC) traded 2% lower against the dollar and now trades at $60.62 or 0.00111185 BTC.
• Ethereum Classic (ETC) traded 1.9% higher against the dollar and now trades at $17.89 or 0.00032817 BTC.
• Arweave (AR) traded 5.1% higher against the dollar and now trades at $20.24 or 0.00037122 BTC.
• Bitcoin SV (BSV) traded up 0.9% against the dollar and now trades at $44.39 or 0.00081415 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 4.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,446,744 coins. The official website for Monero is www.getmonero.org. The official message board for Monero is forum.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.”

Buying and Selling Monero

It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView