Monero Price Reaches $166.85 on Major Exchanges (XMR)

Monero (XMR) traded 1.9% higher against the dollar during the one day period ending at 11:00 AM Eastern on August 23rd. One Monero coin can currently be purchased for about $166.85 or 0.00269713 BTC on cryptocurrency exchanges. In the last week, Monero has traded 11.7% higher against the dollar. Monero has a total market capitalization of $3.08 billion and $76.97 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.9% higher against the dollar and now trades at $61,860.91 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.8% against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded 2.3% higher against the dollar and now trades at $355.36 or 0.00574455 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.82 or 0.00009404 BTC.
• Litecoin (LTC) traded up 1.7% against the dollar and now trades at $64.39 or 0.00104094 BTC.
• Ethereum Classic (ETC) traded 3% higher against the dollar and now trades at $20.10 or 0.00032500 BTC.
• Arweave (AR) traded 3.8% higher against the dollar and now trades at $25.10 or 0.00040574 BTC.
• Bitcoin SV (BSV) traded up 4.2% against the dollar and now trades at $45.88 or 0.00074163 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded up 1.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

Monero (CRYPTO: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. Monero’s official message board 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 currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView