Monero (XMR) Price Hits $166.63 on Top Exchanges

Monero (XMR) traded down 0.2% against the dollar during the 1 day period ending at 12:00 PM E.T. on June 29th. Monero has a total market capitalization of $3.07 billion and $44.09 million worth of Monero was traded on exchanges in the last 24 hours. During the last seven days, Monero has traded up 3.1% against the dollar. One Monero coin can currently be purchased for $166.63 or 0.00273675 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 0.3% against the dollar and now trades at $60,886.68 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.6% lower against the dollar and now trades at $0.12 or 0.00000202 BTC.
• Bitcoin Cash (BCH) traded 1.5% lower against the dollar and now trades at $382.91 or 0.00628893 BTC.
• Litecoin (LTC) traded 3.1% higher against the dollar and now trades at $75.21 or 0.00123526 BTC.
• UNUS SED LEO (LEO) traded 1.9% higher against the dollar and now trades at $5.84 or 0.00009593 BTC.
• Ethereum Classic (ETC) traded 2.3% lower against the dollar and now trades at $23.25 or 0.00038186 BTC.
• Arweave (AR) traded 4.2% higher against the dollar and now trades at $27.57 or 0.00045285 BTC.
• Bitcoin SV (BSV) traded down 2% against the dollar and now trades at $44.43 or 0.00072974 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 2.9% lower against the dollar and now trades at $0.16 or 0.00000265 BTC.

Monero Profile

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was 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 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.

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 purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase 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