Monero (XMR) Price Tops $359.25 on Exchanges

Monero (XMR) traded 1.3% higher against the U.S. dollar during the 24-hour period ending at 12:00 PM E.T. on March 13th. One Monero coin can currently be bought for about $359.25 or 0.00496576 BTC on popular exchanges. During the last seven days, Monero has traded 0.6% higher against the U.S. dollar. Monero has a market capitalization of $6.63 billion and $74.72 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded up 10.1% against the dollar and now trades at $1.97 or 0.00002716 BTC.
• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $72,376.02 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.4% higher against the dollar and now trades at $0.0987 or 0.00000136 BTC.
• Bitcoin Cash (BCH) traded up 2.6% against the dollar and now trades at $469.75 or 0.00649313 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $9.07 or 0.00012530 BTC.
• Litecoin (LTC) traded up 2.5% against the dollar and now trades at $55.89 or 0.00077258 BTC.
• Zcash (ZEC) traded up 2.3% against the dollar and now trades at $216.61 or 0.00299408 BTC.
• Ethereum Classic (ETC) traded up 3.6% against the dollar and now trades at $8.53 or 0.00011785 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 1.6% against the dollar and now trades at $15.04 or 0.00020784 BTC.

Monero Coin Profile

Monero 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. Monero’s official website is www.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. Monero’s official message board is forum.getmonero.org.

According to CryptoCompare, “Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity. Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions. Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Buying and Selling Monero

It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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