Monero Price Reaches $163.73 on Major Exchanges (XMR)

Monero (XMR) traded down 0% against the dollar during the 24 hour period ending at 0:00 AM ET on October 29th. One Monero coin can now be bought for about $163.73 or 0.00226552 BTC on popular exchanges. Monero has a market cap of $3.02 billion and $58.83 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded 3.6% higher against the dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $72,268.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.6% higher against the dollar and now trades at $0.18 or 0.00000243 BTC.
• Bitcoin Cash (BCH) traded down 1.4% against the dollar and now trades at $378.87 or 0.00524247 BTC.
• UNUS SED LEO (LEO) traded down 0% against the dollar and now trades at $6.05 or 0.00008372 BTC.
• Litecoin (LTC) traded 1.3% higher against the dollar and now trades at $73.12 or 0.00101174 BTC.
• Ethereum Classic (ETC) traded up 0.8% against the dollar and now trades at $19.36 or 0.00026788 BTC.
• Arweave (AR) traded up 2% against the dollar and now trades at $16.85 or 0.00023321 BTC.
• Bitcoin SV (BSV) traded down 2.8% against the dollar and now trades at $51.29 or 0.00070967 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 0.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

Monero (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 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. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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.”

Monero Coin Trading

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

XMR/USD price chart by TradingView