Monero (XMR) Price Hits $170.80 on Major Exchanges

Monero (XMR) traded 2.4% lower against the US dollar during the 24-hour period ending at 23:00 PM E.T. on September 12th. In the last week, Monero has traded 1.3% lower against the US dollar. One Monero coin can now be bought for $170.80 or 0.00294199 BTC on major exchanges. Monero has a market cap of $3.15 billion and approximately $53.65 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 0.3% lower against the dollar and now trades at $58,055.02 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.2% against the dollar and now trades at $0.10 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded down 2.5% against the dollar and now trades at $330.76 or 0.00569737 BTC.
• UNUS SED LEO (LEO) traded down 1.4% against the dollar and now trades at $5.69 or 0.00009804 BTC.
• Litecoin (LTC) traded 0.9% higher against the dollar and now trades at $62.76 or 0.00108112 BTC.
• Ethereum Classic (ETC) traded down 0.4% against the dollar and now trades at $18.47 or 0.00031820 BTC.
• Arweave (AR) traded down 2% against the dollar and now trades at $19.96 or 0.00034387 BTC.
• Bitcoin SV (BSV) traded down 2.8% against the dollar and now trades at $47.86 or 0.00082432 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 0.4% higher against the dollar and now trades at $0.14 or 0.00000244 BTC.

About Monero

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was April 18th, 2014. Monero’s total supply is 18,446,744 coins. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.

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

XMR/USD price chart by TradingView