Monero Trading Up 0.5% This Week (XMR)

Monero (XMR) traded down 1.1% against the dollar during the 24-hour period ending at 14:00 PM ET on April 27th. One Monero coin can now be bought for approximately $119.55 or 0.00188743 BTC on major exchanges. Over the last week, Monero has traded 0.5% higher against the dollar. Monero has a market capitalization of $2.20 billion and $40.94 million worth of Monero was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 1% against the dollar and now trades at $63,339.36 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.3% against the dollar and now trades at $0.15 or 0.00000234 BTC.
• Bitcoin Cash (BCH) traded 2.9% lower against the dollar and now trades at $476.48 or 0.00752265 BTC.
• Litecoin (LTC) traded down 4.5% against the dollar and now trades at $83.93 or 0.00132512 BTC.
• UNUS SED LEO (LEO) traded up 1.1% against the dollar and now trades at $5.83 or 0.00009207 BTC.
• Ethereum Classic (ETC) traded 0% lower against the dollar and now trades at $27.67 or 0.00043680 BTC.
• Arweave (AR) traded 9% higher against the dollar and now trades at $33.92 or 0.00053550 BTC.
• Bitcoin SV (BSV) traded up 1.3% against the dollar and now trades at $67.31 or 0.00106269 BTC.
• eCash (XEC) traded down 1.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 1.3% lower against the dollar and now trades at $0.24 or 0.00000377 BTC.

About Monero

XMR 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 18,429,180 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 message board for Monero is forum.getmonero.org. 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 currently 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, Gemini or Changelly. 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