Monero Price Reaches $156.01 on Exchanges (XMR)

Monero (XMR) traded 0.1% lower against the U.S. dollar during the twenty-four hour period ending at 17:00 PM ET on November 1st. During the last seven days, Monero has traded 1% lower against the U.S. dollar. Monero has a total market capitalization of $2.88 billion and $64.28 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for approximately $156.01 or 0.00225482 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 0.8% lower against the dollar and now trades at $69,188.86 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.8% higher against the dollar and now trades at $0.16 or 0.00000232 BTC.
• Bitcoin Cash (BCH) traded down 1.1% against the dollar and now trades at $348.41 or 0.00503571 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $6.06 or 0.00008751 BTC.
• Litecoin (LTC) traded 2.8% higher against the dollar and now trades at $70.44 or 0.00101813 BTC.
• Ethereum Classic (ETC) traded up 0.6% against the dollar and now trades at $18.54 or 0.00026802 BTC.
• Bitcoin SV (BSV) traded 1.4% lower against the dollar and now trades at $50.10 or 0.00072408 BTC.
• Arweave (AR) traded 3.4% lower against the dollar and now trades at $14.78 or 0.00021358 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 1.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

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. 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 currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView