Monero Trading 0.6% Lower This Week (XMR)

Monero (XMR) traded 0.9% higher against the U.S. dollar during the 24 hour period ending at 19:00 PM E.T. on September 15th. Monero has a market cap of $3.14 billion and $43.22 million worth of Monero was traded on exchanges in the last 24 hours. During the last week, Monero has traded 0.6% lower against the U.S. dollar. One Monero coin can currently be bought for $170.15 or 0.00288065 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.4% lower against the dollar and now trades at $59,136.20 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.6% against the dollar and now trades at $0.10 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded 3.4% lower against the dollar and now trades at $316.19 or 0.00535307 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $5.70 or 0.00009656 BTC.
• Litecoin (LTC) traded down 4.1% against the dollar and now trades at $63.34 or 0.00107241 BTC.
• Ethereum Classic (ETC) traded 4.1% lower against the dollar and now trades at $17.84 or 0.00030196 BTC.
• Arweave (AR) traded down 4.9% against the dollar and now trades at $19.03 or 0.00032216 BTC.
• Bitcoin SV (BSV) traded 4.2% lower against the dollar and now trades at $46.65 or 0.00078979 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Nervos Network (CKB) traded 12.3% higher against the dollar and now trades at $0.0164 or 0.00000028 BTC.

Monero Profile

Monero 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 website 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. 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 purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView