Monero Price Hits $217.54 (XMR)

Monero (XMR) traded 0.6% lower against the US dollar during the 24 hour period ending at 10:00 AM E.T. on February 26th. One Monero coin can now be bought for approximately $217.54 or 0.00248806 BTC on major cryptocurrency exchanges. Over the last week, Monero has traded down 8.1% against the US dollar. Monero has a market cap of $4.01 billion and approximately $52.68 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 0.9% higher against the dollar and now trades at $87,432.49 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.7% higher against the dollar and now trades at $0.21 or 0.00000237 BTC.
• Litecoin (LTC) traded 15.5% higher against the dollar and now trades at $126.64 or 0.00144845 BTC.
• UNUS SED LEO (LEO) traded up 4.1% against the dollar and now trades at $9.24 or 0.00010569 BTC.
• Bitcoin Cash (BCH) traded 5.4% higher against the dollar and now trades at $294.55 or 0.00336887 BTC.
• Ethereum Classic (ETC) traded 4.2% higher against the dollar and now trades at $18.86 or 0.00021569 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded up 8.6% against the dollar and now trades at $0.20 or 0.00000234 BTC.
• Bitcoin SV (BSV) traded 5.2% higher against the dollar and now trades at $35.16 or 0.00040209 BTC.
• Conflux (CFX) traded up 5.6% against the dollar and now trades at $0.11 or 0.00000131 BTC.

Monero Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was April 18th, 2014. Monero’s total supply is 18,446,744 coins. Monero’s official website 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. 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 (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 U.S. dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView