Monero Price Hits $348.73 on Exchanges (XMR)

Monero (XMR) traded up 0.2% against the dollar during the 24-hour period ending at 8:00 AM Eastern on March 21st. Monero has a market cap of $6.43 billion and $69.80 million worth of Monero was traded on exchanges in the last day. During the last week, Monero has traded 3.7% lower against the dollar. One Monero coin can now be purchased for about $348.73 or 0.00493250 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Arweave (AR) traded up 1% against the dollar and now trades at $1.70 or 0.00002408 BTC.
• Bitcoin (BTC) traded up 0.5% against the dollar and now trades at $70,699.71 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.2% higher against the dollar and now trades at $0.0940 or 0.00000133 BTC.
• Bitcoin Cash (BCH) traded 0.1% higher against the dollar and now trades at $467.80 or 0.00661673 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $9.22 or 0.00013040 BTC.
• Litecoin (LTC) traded up 1% against the dollar and now trades at $55.96 or 0.00079149 BTC.
• Zcash (ZEC) traded up 1.3% against the dollar and now trades at $234.47 or 0.00331646 BTC.
• Ethereum Classic (ETC) traded up 0.6% against the dollar and now trades at $8.41 or 0.00011893 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded up 1.4% against the dollar and now trades at $0.0645 or 0.00000091 BTC.

Monero Profile

Monero 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. Monero’s official message board is forum.getmonero.org. The official website for Monero is www.getmonero.org. 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 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 currently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. 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