Monero (XMR) Price Reaches $158.35 on Major Exchanges

Monero (XMR) traded 1.5% higher against the dollar during the 24 hour period ending at 7:00 AM ET on November 4th. Monero has a market capitalization of $2.92 billion and approximately $49.81 million worth of Monero was traded on exchanges in the last 24 hours. During the last seven days, Monero has traded down 2.7% against the dollar. One Monero coin can now be purchased for approximately $158.35 or 0.00229785 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 0.6% higher against the dollar and now trades at $68,911.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.7% against the dollar and now trades at $0.16 or 0.00000228 BTC.
• Bitcoin Cash (BCH) traded 0.5% lower against the dollar and now trades at $339.49 or 0.00492653 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $6.04 or 0.00008765 BTC.
• Litecoin (LTC) traded down 1.1% against the dollar and now trades at $66.78 or 0.00096900 BTC.
• Ethereum Classic (ETC) traded 0.2% higher against the dollar and now trades at $17.87 or 0.00025934 BTC.
• Bitcoin SV (BSV) traded down 1.6% against the dollar and now trades at $46.60 or 0.00067630 BTC.
• Arweave (AR) traded down 0.8% against the dollar and now trades at $13.80 or 0.00020032 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 0.2% lower against the dollar and now trades at $0.0000 or 0.00000000 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 18,446,744 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. The official message board for Monero 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.”

Monero Coin Trading

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

XMR/USD price chart by TradingView