Monero Trading Up 2% Over Last Week (XMR)

Monero (XMR) traded up 4.1% against the US dollar during the 1-day period ending at 19:00 PM ET on September 8th. One Monero coin can now be purchased for approximately $172.57 or 0.00316515 BTC on major cryptocurrency exchanges. During the last week, Monero has traded 2% higher against the US dollar. Monero has a total market cap of $3.18 billion and approximately $53.37 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 1.1% higher against the dollar and now trades at $54,517.18 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.9% higher against the dollar and now trades at $0.0957 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded up 2.2% against the dollar and now trades at $304.62 or 0.00558698 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $5.41 or 0.00009916 BTC.
• Litecoin (LTC) traded 2% lower against the dollar and now trades at $60.62 or 0.00111185 BTC.
• Ethereum Classic (ETC) traded 1.9% higher against the dollar and now trades at $17.89 or 0.00032817 BTC.
• Arweave (AR) traded 5.1% higher against the dollar and now trades at $20.24 or 0.00037122 BTC.
• Bitcoin SV (BSV) traded 0.9% higher against the dollar and now trades at $44.39 or 0.00081415 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded up 4.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

Monero (CRYPTO: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 official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.”

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. 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