Monero Price Tops $306.05 on Exchanges (XMR)

Monero (XMR) traded 1.8% lower against the U.S. dollar during the 1 day period ending at 9:00 AM E.T. on June 29th. Monero has a total market cap of $5.74 billion and $107.35 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for $306.05 or 0.00509305 BTC on major exchanges. In the last week, Monero has traded 6.2% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded 8.6% higher against the dollar and now trades at $1.99 or 0.00003317 BTC.
• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $60,091.82 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.5% lower against the dollar and now trades at $0.0731 or 0.00000122 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $9.39 or 0.00015633 BTC.
• Zcash (ZEC) traded 0.5% higher against the dollar and now trades at $385.36 or 0.00641286 BTC.
• Bitcoin Cash (BCH) traded 2.6% higher against the dollar and now trades at $197.44 or 0.00328559 BTC.
• Litecoin (LTC) traded 0.6% lower against the dollar and now trades at $42.62 or 0.00070930 BTC.
• Ethereum Classic (ETC) traded up 0.5% against the dollar and now trades at $7.07 or 0.00011771 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1.2% higher against the dollar and now trades at $12.58 or 0.00020928 BTC.

Monero 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 18,771,318 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 website is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board 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”

Buying and Selling Monero

It is usually not presently 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView