Monero (XMR) Price Up 5.4% Over Last 7 Days

Monero (XMR) traded up 2.9% against the dollar during the twenty-four hour period ending at 18:00 PM ET on June 15th. Monero has a total market capitalization of $3.22 billion and approximately $48.84 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be purchased for about $174.79 or 0.00264579 BTC on exchanges. During the last seven days, Monero has traded up 5.4% against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 0.1% against the dollar and now trades at $66,064.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.1% higher against the dollar and now trades at $0.14 or 0.00000206 BTC.
• Bitcoin Cash (BCH) traded 2.2% higher against the dollar and now trades at $429.37 or 0.00649922 BTC.
• Litecoin (LTC) traded up 2.1% against the dollar and now trades at $79.13 or 0.00119771 BTC.
• UNUS SED LEO (LEO) traded up 3.6% against the dollar and now trades at $5.76 or 0.00008721 BTC.
• Ethereum Classic (ETC) traded 1.7% higher against the dollar and now trades at $25.54 or 0.00038659 BTC.
• Arweave (AR) traded down 0.8% against the dollar and now trades at $28.41 or 0.00043002 BTC.
• Bitcoin SV (BSV) traded 0.9% higher against the dollar and now trades at $49.73 or 0.00075271 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 2.4% higher against the dollar and now trades at $0.19 or 0.00000283 BTC.

About Monero

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 18,446,744 coins. The official website for Monero is www.getmonero.org. The official message board for Monero is forum.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.

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 possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView