Monero Trading Down 5.3% Over Last Week (XMR)

Monero (XMR) traded down 2.5% against the US dollar during the 24 hour period ending at 10:00 AM E.T. on April 3rd. One Monero coin can now be bought for $212.06 or 0.00259169 BTC on popular cryptocurrency exchanges. Over the last week, Monero has traded down 5.3% against the US dollar. Monero has a market cap of $3.91 billion and $82.60 million worth of Monero was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded down 3.8% against the dollar and now trades at $5.58 or 0.00006822 BTC.
• Bitcoin (BTC) traded down 5.1% against the dollar and now trades at $81,823.81 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 8.2% lower against the dollar and now trades at $0.16 or 0.00000192 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $9.40 or 0.00011489 BTC.
• Litecoin (LTC) traded 2% lower against the dollar and now trades at $81.47 or 0.00099573 BTC.
• Bitcoin Cash (BCH) traded 3.2% lower against the dollar and now trades at $295.82 or 0.00361529 BTC.
• Ethereum Classic (ETC) traded 4.1% lower against the dollar and now trades at $15.73 or 0.00019226 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Zcash (ZEC) traded 3.7% lower against the dollar and now trades at $38.06 or 0.00046517 BTC.
• Bitcoin SV (BSV) traded 6.6% lower against the dollar and now trades at $29.56 or 0.00036125 BTC.

Monero Coin Profile

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 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. Monero’s official message board is forum.getmonero.org.

According to CryptoCompare, “Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)”

Monero Coin Trading

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

XMR/USD price chart by TradingView