Monero (XMR) Price Tops $167.65 on Exchanges

Monero (XMR) traded down 4.3% against the US dollar during the 1 day period ending at 12:00 PM ET on June 18th. One Monero coin can now be purchased for about $167.65 or 0.00259583 BTC on major exchanges. Monero has a total market capitalization of $3.09 billion and approximately $65.34 million worth of Monero was traded on exchanges in the last day. Over the last seven days, Monero has traded down 3.1% against the US dollar.

Here is how related cryptocurrencies have performed over the last day:

  • Bitcoin (BTC) traded down 1.4% against the dollar and now trades at $64,509.76 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 7.7% lower against the dollar and now trades at $0.12 or 0.00000185 BTC.
  • Bitcoin Cash (BCH) traded down 7.9% against the dollar and now trades at $381.87 or 0.00591269 BTC.
  • Litecoin (LTC) traded down 5.9% against the dollar and now trades at $71.88 or 0.00111302 BTC.
  • UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $5.67 or 0.00008782 BTC.
  • Ethereum Classic (ETC) traded down 4.8% against the dollar and now trades at $22.87 or 0.00035407 BTC.
  • Arweave (AR) traded 5.4% lower against the dollar and now trades at $25.06 or 0.00038795 BTC.
  • Bitcoin SV (BSV) traded down 11.6% against the dollar and now trades at $42.29 or 0.00065482 BTC.
  • NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
  • eCash (XEC) traded 7.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

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 18,446,744 coins. The official website for Monero is www.getmonero.org. 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. 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.”

Buying and Selling Monero

It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

Receive News & Updates for Monero Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Monero and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.