Monero Price Reaches $151.70 on Exchanges (XMR)

Monero (XMR) traded up 1.8% against the US dollar during the 24-hour period ending at 14:00 PM E.T. on August 18th. During the last seven days, Monero has traded 0.7% higher against the US dollar. Monero has a market cap of $2.80 billion and approximately $40.67 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for approximately $151.70 or 0.00254540 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $59,596.15 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.9% against the dollar and now trades at $0.10 or 0.00000172 BTC.
• Bitcoin Cash (BCH) traded down 0.8% against the dollar and now trades at $339.74 or 0.00570063 BTC.
• UNUS SED LEO (LEO) traded down 3.3% against the dollar and now trades at $5.77 or 0.00009681 BTC.
• Litecoin (LTC) traded 0.1% lower against the dollar and now trades at $67.16 or 0.00112695 BTC.
• Ethereum Classic (ETC) traded 0.1% higher against the dollar and now trades at $18.89 or 0.00031694 BTC.
• Arweave (AR) traded down 1% against the dollar and now trades at $21.15 or 0.00035496 BTC.
• Bitcoin SV (BSV) traded up 0.5% against the dollar and now trades at $42.94 or 0.00072044 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Zcash (ZEC) traded 1.5% lower against the dollar and now trades at $43.23 or 0.00072534 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 18,446,744 coins. 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. Monero’s official website is www.getmonero.org. 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 possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView