Monero Price Hits $319.30 (XMR)

Monero (XMR) traded down 2.5% against the US dollar during the 24 hour period ending at 9:00 AM Eastern on February 9th. Monero has a total market capitalization of $5.89 billion and approximately $98.60 million worth of Monero was traded on exchanges in the last day. In the last seven days, Monero has traded down 22.3% against the US dollar. One Monero coin can now be purchased for about $319.30 or 0.00464840 BTC on popular exchanges.

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

• Arweave (AR) traded 4.9% lower against the dollar and now trades at $1.90 or 0.00002764 BTC.
• Bitcoin (BTC) traded down 4.1% against the dollar and now trades at $68,690.48 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.3% lower against the dollar and now trades at $0.0939 or 0.00000137 BTC.
• Bitcoin Cash (BCH) traded 3.1% lower against the dollar and now trades at $515.69 or 0.00750747 BTC.
• UNUS SED LEO (LEO) traded 1% higher against the dollar and now trades at $8.34 or 0.00012143 BTC.
• Litecoin (LTC) traded down 3.4% against the dollar and now trades at $53.31 or 0.00077609 BTC.
• Zcash (ZEC) traded down 3.6% against the dollar and now trades at $233.23 or 0.00339539 BTC.
• Ethereum Classic (ETC) traded down 4.2% against the dollar and now trades at $8.36 or 0.00012175 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded down 4.1% against the dollar and now trades at $0.0680 or 0.00000099 BTC.

Monero Coin Profile

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

Buying and Selling Monero

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 GDAX, Gemini or Coinbase. 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