Monero (XMR) Price Tops $176.69 on Exchanges

Monero (XMR) traded up 0.4% against the U.S. dollar during the 1 day period ending at 16:00 PM ET on September 20th. Monero has a total market cap of $3.26 billion and approximately $62.95 million worth of Monero was traded on exchanges in the last day. During the last week, Monero has traded up 3.5% against the U.S. dollar. One Monero coin can now be bought for $176.69 or 0.00280608 BTC on popular cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 0.3% lower against the dollar and now trades at $62,967.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1% against the dollar and now trades at $0.10 or 0.00000167 BTC.
• Bitcoin Cash (BCH) traded down 1.9% against the dollar and now trades at $334.95 or 0.00531933 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.71 or 0.00009064 BTC.
• Litecoin (LTC) traded down 1.2% against the dollar and now trades at $64.82 or 0.00102937 BTC.
• Ethereum Classic (ETC) traded 0.2% higher against the dollar and now trades at $18.96 or 0.00030107 BTC.
• Arweave (AR) traded 1% lower against the dollar and now trades at $20.08 or 0.00031884 BTC.
• Bitcoin SV (BSV) traded down 1.3% against the dollar and now trades at $48.42 or 0.00076893 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Nervos Network (CKB) traded 3.6% lower against the dollar and now trades at $0.0171 or 0.00000027 BTC.

Monero Profile

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. The official website for Monero is www.getmonero.org. The official message board for Monero 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.

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 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 Gemini, Changelly 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