Monero Price Down 1.2% This Week (XMR)

Monero (XMR) traded up 2.7% against the dollar during the 1 day period ending at 14:00 PM Eastern on November 4th. One Monero coin can now be purchased for approximately $160.13 or 0.00235817 BTC on cryptocurrency exchanges. Monero has a market capitalization of $2.95 billion and $52.03 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded 1.2% lower against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $67,892.33 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.5% against the dollar and now trades at $0.16 or 0.00000233 BTC.
• Bitcoin Cash (BCH) traded 0.8% lower against the dollar and now trades at $333.96 or 0.00491803 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $6.05 or 0.00008912 BTC.
• Litecoin (LTC) traded up 0.3% against the dollar and now trades at $66.21 or 0.00097510 BTC.
• Ethereum Classic (ETC) traded 1.3% higher against the dollar and now trades at $17.87 or 0.00026323 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $45.61 or 0.00067164 BTC.
• Arweave (AR) traded 1% lower against the dollar and now trades at $13.38 or 0.00019701 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 0.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

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. 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.”

Buying and Selling Monero

It is usually not 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 GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView