Monero (XMR) Price Hits $174.04 on Exchanges

Monero (XMR) traded up 1.2% against the US dollar during the 24-hour period ending at 10:00 AM Eastern on September 19th. Monero has a total market capitalization of $3.21 billion and $70.11 million worth of Monero was traded on exchanges in the last 24 hours. Over the last week, Monero has traded 2.3% higher against the US dollar. One Monero coin can now be bought for about $174.04 or 0.00276468 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 6.1% against the dollar and now trades at $62,950.91 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.4% against the dollar and now trades at $0.10 or 0.00000167 BTC.
• Bitcoin Cash (BCH) traded up 10.1% against the dollar and now trades at $339.71 or 0.00539647 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $5.66 or 0.00008995 BTC.
• Litecoin (LTC) traded up 3.8% against the dollar and now trades at $65.44 or 0.00103951 BTC.
• Ethereum Classic (ETC) traded up 6.1% against the dollar and now trades at $18.63 or 0.00029598 BTC.
• Arweave (AR) traded 12.2% higher against the dollar and now trades at $20.24 or 0.00032159 BTC.
• Bitcoin SV (BSV) traded up 6.5% against the dollar and now trades at $48.61 or 0.00077213 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Nervos Network (CKB) traded up 1.2% against the dollar and now trades at $0.0176 or 0.00000028 BTC.

Monero Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 18,446,744 coins. Monero’s official website is www.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. 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 currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. 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