Monero Trading Up 1.3% This Week (XMR)

Monero (XMR) traded up 0.1% against the US dollar during the 24 hour period ending at 16:00 PM Eastern on May 2nd. One Monero coin can now be purchased for about $122.45 or 0.00207115 BTC on popular cryptocurrency exchanges. During the last seven days, Monero has traded up 1.3% against the US dollar. Monero has a total market cap of $2.26 billion and $47.18 million worth of Monero was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 2.8% against the dollar and now trades at $59,122.55 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.3% against the dollar and now trades at $0.13 or 0.00000224 BTC.
• Bitcoin Cash (BCH) traded 3.2% higher against the dollar and now trades at $429.36 or 0.00726218 BTC.
• Litecoin (LTC) traded 1.7% higher against the dollar and now trades at $80.35 or 0.00135911 BTC.
• UNUS SED LEO (LEO) traded up 2.1% against the dollar and now trades at $5.94 or 0.00010051 BTC.
• Ethereum Classic (ETC) traded up 2.7% against the dollar and now trades at $25.69 or 0.00043455 BTC.
• Arweave (AR) traded 25.8% higher against the dollar and now trades at $35.47 or 0.00060002 BTC.
• Bitcoin SV (BSV) traded up 2% against the dollar and now trades at $59.30 or 0.00100299 BTC.
• eCash (XEC) traded 4.2% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded 4.2% higher against the dollar and now trades at $0.22 or 0.00000377 BTC.

Monero Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was April 18th, 2014. Monero’s total supply is 18,431,391 coins. The official message board for Monero 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.”

Monero Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView