Monero (XMR) Trading 5.8% Higher Over Last Week

Monero (XMR) traded up 3.2% against the US dollar during the 1-day period ending at 10:00 AM Eastern on October 18th. Monero has a market capitalization of $2.96 billion and approximately $60.90 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for about $160.30 or 0.00235700 BTC on cryptocurrency exchanges. In the last week, Monero has traded 5.8% higher against the US dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 2.1% higher against the dollar and now trades at $68,009.53 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 10.9% higher against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Bitcoin Cash (BCH) traded up 0.7% against the dollar and now trades at $367.06 or 0.00539724 BTC.
• UNUS SED LEO (LEO) traded 0.8% lower against the dollar and now trades at $6.06 or 0.00008907 BTC.
• Litecoin (LTC) traded up 1.7% against the dollar and now trades at $72.52 or 0.00106633 BTC.
• Ethereum Classic (ETC) traded up 1.3% against the dollar and now trades at $19.07 or 0.00028041 BTC.
• Arweave (AR) traded up 1.4% against the dollar and now trades at $18.72 or 0.00027522 BTC.
• Bitcoin SV (BSV) traded up 4.1% against the dollar and now trades at $51.95 or 0.00076390 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 0.8% higher against the dollar and now trades at $0.16 or 0.00000236 BTC.

Monero Coin Profile

Monero (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. The official website for Monero is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView