Monero Price Reaches $171.33 (XMR)

Monero (XMR) traded 1.4% higher against the dollar during the 24 hour period ending at 8:00 AM ET on September 8th. Over the last seven days, Monero has traded 3% higher against the dollar. Monero has a total market capitalization of $3.16 billion and $56.50 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be bought for $171.33 or 0.00313913 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 0.1% against the dollar and now trades at $54,578.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.2% higher against the dollar and now trades at $0.0958 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 0.2% higher against the dollar and now trades at $303.68 or 0.00556405 BTC.
• UNUS SED LEO (LEO) traded 2.3% higher against the dollar and now trades at $5.51 or 0.00010102 BTC.
• Litecoin (LTC) traded down 2.2% against the dollar and now trades at $62.08 or 0.00113741 BTC.
• Ethereum Classic (ETC) traded up 1.1% against the dollar and now trades at $17.79 or 0.00032603 BTC.
• Arweave (AR) traded 1.9% lower against the dollar and now trades at $20.18 or 0.00036977 BTC.
• Bitcoin SV (BSV) traded down 1.7% against the dollar and now trades at $44.53 or 0.00081586 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 3.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,446,744 coins. The official message board for Monero is forum.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. The official website for Monero is www.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 purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. 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