Monero (XMR) Trading 0% Lower Over Last 7 Days

Monero (XMR) traded up 0.4% against the dollar during the one day period ending at 14:00 PM Eastern on October 24th. Over the last seven days, Monero has traded down 0% against the dollar. One Monero coin can currently be bought for about $155.80 or 0.00230087 BTC on cryptocurrency exchanges. Monero has a market capitalization of $2.87 billion and $45.32 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 2.9% against the dollar and now trades at $67,717.79 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 5.1% against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded up 5.9% against the dollar and now trades at $359.75 or 0.00531265 BTC.
• UNUS SED LEO (LEO) traded up 0.8% against the dollar and now trades at $6.12 or 0.00009032 BTC.
• Litecoin (LTC) traded 4.5% higher against the dollar and now trades at $71.12 or 0.00105030 BTC.
• Ethereum Classic (ETC) traded 3.1% higher against the dollar and now trades at $18.80 or 0.00027761 BTC.
• Arweave (AR) traded 4.9% higher against the dollar and now trades at $18.20 or 0.00026882 BTC.
• Bitcoin SV (BSV) traded 4.1% higher against the dollar and now trades at $47.83 or 0.00070634 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded up 5.1% against the dollar and now trades at $0.15 or 0.00000227 BTC.

Monero Coin 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. Monero’s official message board 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. 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.”

Buying and Selling Monero

It is usually not possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. 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