Monero (XMR) Trading 12.3% Lower This Week

Monero (XMR) traded 8.6% lower against the dollar during the twenty-four hour period ending at 7:00 AM ET on July 5th. Monero has a market capitalization of $2.70 billion and $61.26 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be purchased for approximately $146.27 or 0.00264760 BTC on exchanges. Over the last seven days, Monero has traded 12.3% lower against the dollar.

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

• Bitcoin (BTC) traded down 4.3% against the dollar and now trades at $55,246.89 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 10.3% against the dollar and now trades at $0.0995 or 0.00000180 BTC.
• Bitcoin Cash (BCH) traded 10.8% lower against the dollar and now trades at $308.81 or 0.00558969 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $5.69 or 0.00010292 BTC.
• Litecoin (LTC) traded down 14.4% against the dollar and now trades at $59.54 or 0.00107763 BTC.
• Ethereum Classic (ETC) traded down 11.9% against the dollar and now trades at $19.14 or 0.00034648 BTC.
• Arweave (AR) traded 12.4% lower against the dollar and now trades at $21.66 or 0.00039198 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 11.9% against the dollar and now trades at $34.06 or 0.00061644 BTC.
• eCash (XEC) traded 7.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

Monero (CRYPTO: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 18,446,744 coins. 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. Monero’s official message board is forum.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 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 Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView