Monero Trading Down 0.8% Over Last Week (XMR)

Monero (XMR) traded 3.5% lower against the US dollar during the 1 day period ending at 0:00 AM E.T. on September 23rd. One Monero coin can now be purchased for $169.55 or 0.00268574 BTC on major exchanges. In the last seven days, Monero has traded 0.8% lower against the US dollar. Monero has a market capitalization of $3.13 billion and $48.90 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 1.9% against the dollar and now trades at $63,134.45 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.1% against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Bitcoin Cash (BCH) traded down 2% against the dollar and now trades at $339.94 or 0.00538466 BTC.
• UNUS SED LEO (LEO) traded down 6.2% against the dollar and now trades at $5.60 or 0.00008864 BTC.
• Litecoin (LTC) traded 3.2% lower against the dollar and now trades at $66.59 or 0.00105487 BTC.
• Ethereum Classic (ETC) traded down 1.7% against the dollar and now trades at $19.02 or 0.00030122 BTC.
• Arweave (AR) traded 14.4% higher against the dollar and now trades at $23.03 or 0.00036485 BTC.
• Bitcoin SV (BSV) traded down 1.3% against the dollar and now trades at $48.67 or 0.00077101 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Nervos Network (CKB) traded 2.7% higher against the dollar and now trades at $0.0168 or 0.00000027 BTC.

About Monero

Monero 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 18,446,744 coins. The official message board for Monero is forum.getmonero.org. The official website for Monero is www.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.”

Monero Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView