Monero Price Tops $132.01 on Exchanges (XMR)

Monero (XMR) traded 0.7% lower against the U.S. dollar during the 24 hour period ending at 22:00 PM Eastern on May 9th. Monero has a total market cap of $2.43 billion and $49.63 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded up 8% against the U.S. dollar. One Monero coin can currently be purchased for $132.01 or 0.00210216 BTC on exchanges.

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

• Bitcoin (BTC) traded 2.2% higher against the dollar and now trades at $62,808.37 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.5% higher against the dollar and now trades at $0.15 or 0.00000240 BTC.
• Bitcoin Cash (BCH) traded up 0.3% against the dollar and now trades at $452.25 or 0.00720175 BTC.
• Litecoin (LTC) traded up 1.8% against the dollar and now trades at $83.29 or 0.00132639 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $5.90 or 0.00009393 BTC.
• Ethereum Classic (ETC) traded up 2.1% against the dollar and now trades at $27.66 or 0.00044047 BTC.
• Arweave (AR) traded 9.3% higher against the dollar and now trades at $42.21 or 0.00067216 BTC.
• Bitcoin SV (BSV) traded 3.8% higher against the dollar and now trades at $64.89 or 0.00103336 BTC.
• eCash (XEC) traded up 2.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded up 3.6% against the dollar and now trades at $0.22 or 0.00000349 BTC.

About Monero

Monero (CRYPTO: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 18,434,514 coins. Monero’s official message board is forum.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 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 currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini 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