Monero Price Reaches $310.76 (XMR)

Monero (XMR) traded down 3.6% against the dollar during the 1 day period ending at 9:00 AM ET on June 25th. Monero has a total market capitalization of $5.83 billion and $131.45 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be bought for $310.76 or 0.00508318 BTC on cryptocurrency exchanges. Over the last week, Monero has traded 5.2% lower against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Arweave (AR) traded 5.5% lower against the dollar and now trades at $1.89 or 0.00003087 BTC.
• Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $61,134.66 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.4% lower against the dollar and now trades at $0.0759 or 0.00000124 BTC.
• UNUS SED LEO (LEO) traded 0.8% lower against the dollar and now trades at $9.45 or 0.00015458 BTC.
• Zcash (ZEC) traded down 1.2% against the dollar and now trades at $412.25 or 0.00674324 BTC.
• Bitcoin Cash (BCH) traded 0.9% higher against the dollar and now trades at $194.69 or 0.00318463 BTC.
• Litecoin (LTC) traded down 1.9% against the dollar and now trades at $41.34 or 0.00067623 BTC.
• Ethereum Classic (ETC) traded 0.5% higher against the dollar and now trades at $7.05 or 0.00011540 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded down 3.9% against the dollar and now trades at $0.0439 or 0.00000072 BTC.

Monero Coin Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,769,580 coins. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX 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