Monero (XMR) Price Tops $157.28 on Major Exchanges

Monero (XMR) traded up 2.9% against the US dollar during the 1 day period ending at 10:00 AM Eastern on March 19th. Over the last week, Monero has traded up 8.7% against the US dollar. One Monero coin can now be bought for about $157.28 or 0.00576277 BTC on exchanges. Monero has a market cap of $2.87 billion and $85.11 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 0.8% against the dollar and now trades at $27,292.90 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.9% lower against the dollar and now trades at $0.0750 or 0.00000275 BTC.
• Litecoin (LTC) traded 2.3% lower against the dollar and now trades at $84.93 or 0.00311181 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $3.36 or 0.00012299 BTC.
• Ethereum Classic (ETC) traded 3.6% lower against the dollar and now trades at $21.24 or 0.00077808 BTC.
• Bitcoin Cash (BCH) traded up 0.7% against the dollar and now trades at $136.31 or 0.00499438 BTC.
• DEI (DEI) traded 0.5% lower against the dollar and now trades at $0.20 or 0.00000722 BTC.
• Conflux (CFX) traded 6.2% lower against the dollar and now trades at $0.38 or 0.00001402 BTC.
• Pax Dollar (USDP) traded down 0.8% against the dollar and now trades at $0.99 or 0.00003645 BTC.
• NyanCoin (NYAN) traded down 2.1% against the dollar and now trades at $2.49 or 0.00009134 BTC.

About Monero

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was April 18th, 2014. Monero’s total supply is 18,254,461 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board is forum.getmonero.org. The official website for Monero 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.

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 acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView