Monero (XMR) Price Hits $163.97 on Major Exchanges

Monero (XMR) traded 0.1% lower against the U.S. dollar during the one day period ending at 13:00 PM E.T. on July 21st. Over the last week, Monero has traded up 4.6% against the U.S. dollar. One Monero coin can now be purchased for approximately $163.97 or 0.00243327 BTC on popular cryptocurrency exchanges. Monero has a market capitalization of $3.02 billion and $81.92 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.1% higher against the dollar and now trades at $67,387.27 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.3% lower against the dollar and now trades at $0.13 or 0.00000195 BTC.
• Bitcoin Cash (BCH) traded down 1% against the dollar and now trades at $393.23 or 0.00583531 BTC.
• Litecoin (LTC) traded 0.3% lower against the dollar and now trades at $73.46 or 0.00109013 BTC.
• UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $5.73 or 0.00008498 BTC.
• Ethereum Classic (ETC) traded 1.9% lower against the dollar and now trades at $23.71 or 0.00035184 BTC.
• Arweave (AR) traded 0.1% higher against the dollar and now trades at $33.67 or 0.00049963 BTC.
• Bitcoin SV (BSV) traded 2.2% lower against the dollar and now trades at $46.86 or 0.00069539 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 2.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

Monero (CRYPTO: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. 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. The official website for Monero is www.getmonero.org. Monero’s official message board 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.”

Monero Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. 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