Monero Price Tops $114.91 on Exchanges (XMR)

Monero (XMR) traded down 5.4% against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on April 18th. During the last seven days, Monero has traded 13.5% lower against the U.S. dollar. Monero has a market capitalization of $2.12 billion and $58.15 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for about $114.91 or 0.00185455 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 0.3% lower against the dollar and now trades at $61,958.67 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4% against the dollar and now trades at $0.15 or 0.00000237 BTC.
• Bitcoin Cash (BCH) traded up 3.5% against the dollar and now trades at $480.37 or 0.00775301 BTC.
• Litecoin (LTC) traded 4.1% higher against the dollar and now trades at $80.64 or 0.00130159 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $5.86 or 0.00009456 BTC.
• Ethereum Classic (ETC) traded up 0.5% against the dollar and now trades at $25.79 or 0.00041618 BTC.
• Arweave (AR) traded 1.4% higher against the dollar and now trades at $24.26 or 0.00039156 BTC.
• Bitcoin SV (BSV) traded up 1.6% against the dollar and now trades at $66.10 or 0.00106692 BTC.
• eCash (XEC) traded 0.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded 1.3% higher against the dollar and now trades at $0.23 or 0.00000370 BTC.

Monero Coin Profile

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was April 18th, 2014. Monero’s total supply is 18,425,168 coins. The official website for Monero 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. Monero’s official message board 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.”

Buying and Selling Monero

It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase 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 purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView