Monero (XMR) Price Reaches $125.57 on Top Exchanges

Monero (XMR) traded up 3.7% against the dollar during the 24-hour period ending at 18:00 PM E.T. on February 12th. Monero has a market cap of $2.31 billion and approximately $90.39 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for $125.57 or 0.00250790 BTC on major exchanges. In the last seven days, Monero has traded 23.6% lower against the dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • Bitcoin (BTC) traded 3.3% higher against the dollar and now trades at $50,067.77 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 1.3% higher against the dollar and now trades at $0.0824 or 0.00000165 BTC.
  • Bitcoin Cash (BCH) traded 2% higher against the dollar and now trades at $282.73 or 0.00564686 BTC.
  • Litecoin (LTC) traded up 2.6% against the dollar and now trades at $73.41 or 0.00146627 BTC.
  • Ethereum Classic (ETC) traded 4.4% higher against the dollar and now trades at $27.11 or 0.00054143 BTC.
  • UNUS SED LEO (LEO) traded up 1.1% against the dollar and now trades at $4.15 or 0.00008295 BTC.
  • Bitcoin SV (BSV) traded 1.7% higher against the dollar and now trades at $81.79 or 0.00163354 BTC.
  • Conflux (CFX) traded up 1.7% against the dollar and now trades at $0.22 or 0.00000448 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
  • IOTA (MIOTA) traded 2.5% higher against the dollar and now trades at $0.26 or 0.00000516 BTC.

Monero Coin Profile

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 18,396,939 coins. The official website for Monero 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. 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 (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 presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

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