Monero (XMR) Price Hits $154.00 on Major Exchanges

Monero (XMR) traded up 2.3% against the dollar during the 24 hour period ending at 10:00 AM ET on November 18th. Monero has a total market cap of $2.84 billion and $80.61 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for about $154.00 or 0.00170153 BTC on cryptocurrency exchanges. In the last seven days, Monero has traded 3.3% lower against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 0.5% against the dollar and now trades at $90,381.69 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.9% against the dollar and now trades at $0.36 or 0.00000402 BTC.
• Bitcoin Cash (BCH) traded 0.2% higher against the dollar and now trades at $438.10 or 0.00484061 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $7.65 or 0.00008448 BTC.
• Litecoin (LTC) traded up 0% against the dollar and now trades at $88.98 or 0.00098320 BTC.
• Ethereum Classic (ETC) traded up 0.2% against the dollar and now trades at $26.20 or 0.00028952 BTC.
• Bitcoin SV (BSV) traded up 2.1% against the dollar and now trades at $68.02 or 0.00075159 BTC.
• Arweave (AR) traded 3.9% higher against the dollar and now trades at $18.71 or 0.00020673 BTC.
• eCash (XEC) traded up 1.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Monero Profile

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded 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 Twitter account is @monero and its Facebook page is accessible here. The official message board for Monero is forum.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 US dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView