Monero Trading 1.8% Lower This Week (XMR)

Monero (XMR) traded down 1.8% against the US dollar during the 1-day period ending at 8:00 AM ET on May 12th. One Monero coin can currently be purchased for about $403.28 or 0.00499333 BTC on major cryptocurrency exchanges. Monero has a total market cap of $7.44 billion and approximately $175.23 million worth of Monero was traded on exchanges in the last day. In the last seven days, Monero has traded 1.8% lower against the US dollar.

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

• Arweave (AR) traded down 4.2% against the dollar and now trades at $2.31 or 0.00002859 BTC.
• Bitcoin (BTC) traded 0.2% lower against the dollar and now trades at $80,764.53 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.2% against the dollar and now trades at $0.11 or 0.00000135 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $10.18 or 0.00012604 BTC.
• Zcash (ZEC) traded 3.1% lower against the dollar and now trades at $552.85 or 0.00684527 BTC.
• Bitcoin Cash (BCH) traded 2.5% lower against the dollar and now trades at $439.78 or 0.00544521 BTC.
• Litecoin (LTC) traded 2% lower against the dollar and now trades at $57.55 or 0.00071252 BTC.
• Ethereum Classic (ETC) traded 3.2% lower against the dollar and now trades at $9.42 or 0.00011660 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1% lower against the dollar and now trades at $16.89 or 0.00020908 BTC.

About 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. 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. The official message board for Monero is forum.getmonero.org.

According to CryptoCompare, “Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity. Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions. Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Monero Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. 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