Monero Price Down 11.2% Over Last Week (XMR)

Monero (XMR) traded 3% lower against the US dollar during the 24 hour period ending at 21:00 PM Eastern on August 4th. One Monero coin can now be bought for approximately $145.88 or 0.00260054 BTC on cryptocurrency exchanges. In the last seven days, Monero has traded down 11.2% against the US dollar. Monero has a total market cap of $2.69 billion and approximately $102.68 million worth of Monero was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 8.2% against the dollar and now trades at $55,730.87 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 9.5% against the dollar and now trades at $0.0982 or 0.00000175 BTC.
• Bitcoin Cash (BCH) traded 11.2% lower against the dollar and now trades at $325.42 or 0.00580116 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $5.64 or 0.00010058 BTC.
• Litecoin (LTC) traded down 8.2% against the dollar and now trades at $59.55 or 0.00106161 BTC.
• Ethereum Classic (ETC) traded 7.4% lower against the dollar and now trades at $18.27 or 0.00032571 BTC.
• Arweave (AR) traded 10.6% lower against the dollar and now trades at $20.50 or 0.00036546 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 10.9% lower against the dollar and now trades at $38.23 or 0.00068146 BTC.
• eCash (XEC) traded 13.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Monero

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 18,446,744 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official message board for Monero 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 (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 buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView