Monero Price Reaches $190.70 on Major Exchanges (XMR)

Monero (XMR) traded 0.5% higher against the dollar during the one day period ending at 10:00 AM Eastern on December 24th. In the last seven days, Monero has traded 12.5% lower against the dollar. Monero has a total market capitalization of $3.52 billion and $69.64 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be purchased for approximately $190.70 or 0.00195750 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded up 4.5% against the dollar and now trades at $97,418.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 8.2% higher against the dollar and now trades at $0.33 or 0.00000341 BTC.
• Bitcoin Cash (BCH) traded up 8.6% against the dollar and now trades at $473.03 or 0.00485564 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $9.43 or 0.00009677 BTC.
• Litecoin (LTC) traded 8.9% higher against the dollar and now trades at $109.24 or 0.00112132 BTC.
• Ethereum Classic (ETC) traded up 7.3% against the dollar and now trades at $27.92 or 0.00028660 BTC.
• IOTA (MIOTA) traded up 18% against the dollar and now trades at $0.35 or 0.00000356 BTC.
• Arweave (AR) traded up 13.1% against the dollar and now trades at $17.87 or 0.00018345 BTC.
• Zcash (ZEC) traded 15.5% higher against the dollar and now trades at $69.87 or 0.00071717 BTC.
• Bitcoin SV (BSV) traded 7.1% higher against the dollar and now trades at $57.25 or 0.00058765 BTC.

Monero Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched 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. The official message board for Monero 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.

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 trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView