Monero Price Down 1.9% Over Last Week (XMR)

Monero (XMR) traded 0.6% higher against the U.S. dollar during the 24-hour period ending at 0:00 AM ET on April 23rd. One Monero coin can currently be bought for approximately $121.61 or 0.00182266 BTC on major cryptocurrency exchanges. Over the last seven days, Monero has traded down 1.9% against the U.S. dollar. Monero has a market cap of $2.24 billion and $42.44 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 0.4% higher against the dollar and now trades at $66,733.67 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.8% higher against the dollar and now trades at $0.16 or 0.00000242 BTC.
• Bitcoin Cash (BCH) traded 1% lower against the dollar and now trades at $508.01 or 0.00761372 BTC.
• Litecoin (LTC) traded up 1.8% against the dollar and now trades at $86.24 or 0.00129244 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.75 or 0.00008624 BTC.
• Ethereum Classic (ETC) traded 0.5% higher against the dollar and now trades at $28.27 or 0.00042369 BTC.
• Arweave (AR) traded down 2.9% against the dollar and now trades at $33.46 or 0.00050150 BTC.
• Bitcoin SV (BSV) traded up 0.1% against the dollar and now trades at $71.80 or 0.00107614 BTC.
• eCash (XEC) traded down 0.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 4.1% higher against the dollar and now trades at $0.26 or 0.00000392 BTC.

Monero Coin Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,427,641 coins. The official message board for Monero is forum.getmonero.org. 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.

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 purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView