Monero (XMR) Price Tops $157.45

Monero (XMR) traded 0.3% higher against the U.S. dollar during the 1-day period ending at 20:00 PM E.T. on October 24th. Monero has a total market capitalization of $2.90 billion and approximately $44.02 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be purchased for about $157.45 or 0.00231622 BTC on major cryptocurrency exchanges. During the last week, Monero has traded 0.1% higher against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 1.6% against the dollar and now trades at $67,960.16 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.2% higher against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded up 4.9% against the dollar and now trades at $366.01 or 0.00538445 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $6.09 or 0.00008956 BTC.
• Litecoin (LTC) traded up 1.4% against the dollar and now trades at $70.90 or 0.00104298 BTC.
• Ethereum Classic (ETC) traded 0.6% higher against the dollar and now trades at $18.79 or 0.00027644 BTC.
• Arweave (AR) traded up 1.4% against the dollar and now trades at $18.26 or 0.00026860 BTC.
• Bitcoin SV (BSV) traded 2.7% higher against the dollar and now trades at $48.17 or 0.00070859 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded up 2.5% against the dollar and now trades at $0.16 or 0.00000228 BTC.

Monero Profile

Monero (CRYPTO: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 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. Monero’s official website 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 currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. 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