Monero (XMR) Trading 1.5% Higher This Week

Monero (XMR) traded 1.9% higher against the dollar during the twenty-four hour period ending at 17:00 PM E.T. on October 27th. Monero has a total market cap of $3.01 billion and approximately $45.37 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded 1.5% higher against the dollar. One Monero coin can currently be purchased for about $162.92 or 0.00240657 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 0.8% against the dollar and now trades at $67,697.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.3% higher against the dollar and now trades at $0.14 or 0.00000208 BTC.
• Bitcoin Cash (BCH) traded 0.1% higher against the dollar and now trades at $350.78 or 0.00518154 BTC.
• UNUS SED LEO (LEO) traded 0.8% higher against the dollar and now trades at $6.05 or 0.00008943 BTC.
• Litecoin (LTC) traded 3.2% higher against the dollar and now trades at $70.78 or 0.00104554 BTC.
• Ethereum Classic (ETC) traded 0.3% higher against the dollar and now trades at $18.30 or 0.00027030 BTC.
• Arweave (AR) traded up 0.2% against the dollar and now trades at $16.10 or 0.00023779 BTC.
• Bitcoin SV (BSV) traded up 0.9% against the dollar and now trades at $45.96 or 0.00067884 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded up 4.3% against the dollar and now trades at $0.14 or 0.00000213 BTC.

About Monero

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,446,744 coins. Monero’s official message board is forum.getmonero.org. 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. 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 presently 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 Gemini. 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