Monero (XMR) Price Up 2.8% Over Last 7 Days

Monero (XMR) traded down 2.3% against the US dollar during the 1 day period ending at 7:00 AM E.T. on October 31st. One Monero coin can currently be purchased for approximately $160.45 or 0.00221895 BTC on popular cryptocurrency exchanges. Monero has a market capitalization of $2.96 billion and $55.12 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded 2.8% higher against the US dollar.

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

• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $72,310.63 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.2% higher against the dollar and now trades at $0.17 or 0.00000237 BTC.
• Bitcoin Cash (BCH) traded up 1.6% against the dollar and now trades at $375.01 or 0.00518603 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $6.05 or 0.00008363 BTC.
• Litecoin (LTC) traded down 0.1% against the dollar and now trades at $71.46 or 0.00098828 BTC.
• Ethereum Classic (ETC) traded down 1.8% against the dollar and now trades at $19.13 or 0.00026452 BTC.
• Arweave (AR) traded down 1.1% against the dollar and now trades at $16.15 or 0.00022340 BTC.
• Bitcoin SV (BSV) traded 6.3% higher against the dollar and now trades at $53.45 or 0.00073919 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded up 3.7% against the dollar and now trades at $0.0000 or 0.00000000 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 message board is forum.getmonero.org. The official website for Monero is www.getmonero.org. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. 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 presently 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 Coinbase, GDAX or Gemini. 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