Monero (XMR) Price Tops $409.63 on Major Exchanges

Monero (XMR) traded 1.6% higher against the dollar during the one day period ending at 9:00 AM Eastern on August 16th. In the last seven days, Monero has traded up 7.5% against the dollar. One Monero coin can currently be bought for about $409.63 or 0.00650785 BTC on popular exchanges. Monero has a total market capitalization of $7.70 billion and approximately $72.04 million worth of Monero was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Arweave (AR) traded up 0.2% against the dollar and now trades at $1.80 or 0.00002858 BTC.
• Bitcoin (BTC) traded up 0% against the dollar and now trades at $62,944.10 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.1% lower against the dollar and now trades at $0.0698 or 0.00000111 BTC.
• UNUS SED LEO (LEO) traded 4.8% higher against the dollar and now trades at $9.33 or 0.00014815 BTC.
• Zcash (ZEC) traded 0.9% lower against the dollar and now trades at $484.54 or 0.00769794 BTC.
• Bitcoin Cash (BCH) traded 0.2% lower against the dollar and now trades at $204.02 or 0.00324134 BTC.
• Litecoin (LTC) traded up 0.5% against the dollar and now trades at $44.27 or 0.00070334 BTC.
• Ethereum Classic (ETC) traded 1.4% lower against the dollar and now trades at $6.18 or 0.00009816 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $15.24 or 0.00024205 BTC.

About Monero

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 18,792,029 coins. Monero’s official message board 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. Monero’s official website is www.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”

Monero Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. 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