Monero (XMR) Price Up 3.4% Over Last 7 Days

Monero (XMR) traded down 0.2% against the US dollar during the 1 day period ending at 20:00 PM ET on October 30th. One Monero coin can now be bought for approximately $162.04 or 0.00224011 BTC on popular exchanges. In the last seven days, Monero has traded up 3.4% against the US dollar. Monero has a total market cap of $2.99 billion and $55.28 million worth of Monero was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 0.5% lower against the dollar and now trades at $72,335.04 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.4% lower against the dollar and now trades at $0.17 or 0.00000232 BTC.
• Bitcoin Cash (BCH) traded 4% lower against the dollar and now trades at $369.83 or 0.00511274 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $6.06 or 0.00008371 BTC.
• Litecoin (LTC) traded down 2.9% against the dollar and now trades at $71.84 or 0.00099316 BTC.
• Ethereum Classic (ETC) traded up 0.2% against the dollar and now trades at $19.46 or 0.00026900 BTC.
• Arweave (AR) traded 1.6% lower against the dollar and now trades at $16.64 or 0.00023003 BTC.
• Bitcoin SV (BSV) traded down 3% against the dollar and now trades at $50.66 or 0.00070033 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 3.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

Monero (XMR) 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. 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. 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 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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView