Monero Price Down 0.1% Over Last Week (XMR)

Monero (XMR) traded 1.6% higher against the dollar during the twenty-four hour period ending at 18:00 PM E.T. on November 6th. Over the last seven days, Monero has traded 0.1% lower against the dollar. Monero has a total market cap of $2.98 billion and approximately $70.18 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for about $161.40 or 0.00213264 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 9% against the dollar and now trades at $75,680.79 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 15.6% higher against the dollar and now trades at $0.20 or 0.00000262 BTC.
• Bitcoin Cash (BCH) traded up 10.3% against the dollar and now trades at $379.47 or 0.00501410 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $6.08 or 0.00008035 BTC.
• Litecoin (LTC) traded up 7.9% against the dollar and now trades at $71.41 or 0.00094363 BTC.
• Ethereum Classic (ETC) traded 7.6% higher against the dollar and now trades at $19.65 or 0.00025970 BTC.
• Arweave (AR) traded 16.9% higher against the dollar and now trades at $16.06 or 0.00021218 BTC.
• Bitcoin SV (BSV) traded up 9.7% against the dollar and now trades at $51.58 or 0.00068149 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded up 10.1% 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. 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website 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.”

Buying and Selling Monero

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