Monero Trading 17.1% Higher This Week (XMR)

Monero (XMR) traded 3.8% higher against the dollar during the 24 hour period ending at 9:00 AM ET on September 5th. Monero has a market cap of $10.28 billion and approximately $132.93 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $546.99 or 0.00686264 BTC on major exchanges. In the last seven days, Monero has traded up 17.1% against the dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• Arweave (AR) traded 13% higher against the dollar and now trades at $2.86 or 0.00003584 BTC.
• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $79,705.96 or 1.00000000 BTC.
• Zcash (ZEC) traded 2.9% higher against the dollar and now trades at $1,014.08 or 0.01272272 BTC.
• Dogecoin (DOGE) traded up 2.8% against the dollar and now trades at $0.0874 or 0.00000110 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $9.26 or 0.00011618 BTC.
• Bitcoin Cash (BCH) traded down 0.8% against the dollar and now trades at $249.46 or 0.00312980 BTC.
• Litecoin (LTC) traded up 6.2% against the dollar and now trades at $53.58 or 0.00067226 BTC.
• Ethereum Classic (ETC) traded 5.3% higher against the dollar and now trades at $7.78 or 0.00009756 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 3.6% against the dollar and now trades at $16.91 or 0.00021220 BTC.

Monero 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 18,800,684 coins. The official website for Monero is www.getmonero.org. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here.

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 possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. 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