Monero Price Up 2.2% Over Last 7 Days (XMR)

Monero (XMR) traded up 0.9% against the dollar during the 24-hour period ending at 10:00 AM ET on January 5th. In the last seven days, Monero has traded 2.2% higher against the dollar. Monero has a market cap of $3.63 billion and $61.80 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for $196.88 or 0.00201230 BTC on major exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $97,837.64 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.7% against the dollar and now trades at $0.38 or 0.00000390 BTC.
• Bitcoin Cash (BCH) traded 2.8% lower against the dollar and now trades at $468.15 or 0.00478500 BTC.
• Litecoin (LTC) traded down 0.4% against the dollar and now trades at $111.98 or 0.00114459 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $9.11 or 0.00009312 BTC.
• Ethereum Classic (ETC) traded 3% lower against the dollar and now trades at $27.73 or 0.00028339 BTC.
• IOTA (MIOTA) traded 1.1% lower against the dollar and now trades at $0.36 or 0.00000371 BTC.
• Arweave (AR) traded down 3.2% against the dollar and now trades at $19.03 or 0.00019455 BTC.
• Bitcoin SV (BSV) traded down 2.2% against the dollar and now trades at $56.24 or 0.00057479 BTC.
• Zcash (ZEC) traded down 3.7% against the dollar and now trades at $57.79 or 0.00059066 BTC.

Monero Coin Profile

Monero 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 message board for Monero is forum.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. Monero’s official website is www.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 US dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. 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