Monero (XMR) Trading 2.8% Higher This Week

Monero (XMR) traded down 2.3% against the U.S. dollar during the twenty-four hour period ending at 7:00 AM ET on October 31st. Over the last seven days, Monero has traded up 2.8% against the U.S. dollar. One Monero coin can currently be purchased for approximately $160.45 or 0.00221895 BTC on major cryptocurrency exchanges. Monero has a market capitalization of $2.96 billion and approximately $55.12 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $72,310.63 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.2% against the dollar and now trades at $0.17 or 0.00000237 BTC.
• Bitcoin Cash (BCH) traded up 1.6% against the dollar and now trades at $375.01 or 0.00518603 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.05 or 0.00008363 BTC.
• Litecoin (LTC) traded 0.1% lower against the dollar and now trades at $71.46 or 0.00098828 BTC.
• Ethereum Classic (ETC) traded down 1.8% against the dollar and now trades at $19.13 or 0.00026452 BTC.
• Arweave (AR) traded down 1.1% against the dollar and now trades at $16.15 or 0.00022340 BTC.
• Bitcoin SV (BSV) traded 6.3% higher against the dollar and now trades at $53.45 or 0.00073919 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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.

About Monero

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 18,446,744 coins. Monero’s official message board 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 website is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. 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