Monero (XMR) Trading Up 0.7% Over Last 7 Days

Monero (XMR) traded 1.6% lower against the dollar during the 1 day period ending at 10:00 AM ET on January 25th. In the last week, Monero has traded 0.7% higher against the dollar. Monero has a market capitalization of $4.02 billion and $55.60 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be bought for about $217.96 or 0.00208597 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $104,486.40 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.4% lower against the dollar and now trades at $0.35 or 0.00000335 BTC.
• Litecoin (LTC) traded 4.5% higher against the dollar and now trades at $127.20 or 0.00121738 BTC.
• UNUS SED LEO (LEO) traded up 0.7% against the dollar and now trades at $9.80 or 0.00009378 BTC.
• Bitcoin Cash (BCH) traded down 0.3% against the dollar and now trades at $439.89 or 0.00421000 BTC.
• Ethereum Classic (ETC) traded 4.9% lower against the dollar and now trades at $26.90 or 0.00025743 BTC.
• IOTA (MIOTA) traded down 4% against the dollar and now trades at $0.32 or 0.00000308 BTC.
• Bitcoin SV (BSV) traded down 0.2% against the dollar and now trades at $52.13 or 0.00049896 BTC.
• Arweave (AR) traded down 4% against the dollar and now trades at $14.48 or 0.00013857 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Monero Profile

Monero (CRYPTO: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. Monero’s official website 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, Changelly 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