Monero (XMR) Price Hits $120.37 on Top Exchanges

Monero (XMR) traded 0.3% lower against the U.S. dollar during the 24-hour period ending at 7:00 AM ET on April 22nd. One Monero coin can now be bought for about $120.37 or 0.00182542 BTC on popular cryptocurrency exchanges. Monero has a market capitalization of $2.22 billion and approximately $39.85 million worth of Monero was traded on exchanges in the last day. Over the last week, Monero has traded down 3.9% against the U.S. dollar.

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

• Bitcoin (BTC) traded 1.1% higher against the dollar and now trades at $65,941.32 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.9% against the dollar and now trades at $0.16 or 0.00000242 BTC.
• Bitcoin Cash (BCH) traded down 0.6% against the dollar and now trades at $510.74 or 0.00774539 BTC.
• Litecoin (LTC) traded 0.4% lower against the dollar and now trades at $84.93 or 0.00128793 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.75 or 0.00008726 BTC.
• Ethereum Classic (ETC) traded 0.5% higher against the dollar and now trades at $28.08 or 0.00042581 BTC.
• Arweave (AR) traded up 0% against the dollar and now trades at $33.13 or 0.00050239 BTC.
• Bitcoin SV (BSV) traded up 1.8% against the dollar and now trades at $71.62 or 0.00108617 BTC.
• eCash (XEC) traded up 0.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 1.2% higher against the dollar and now trades at $0.26 or 0.00000389 BTC.

Monero Coin 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 18,426,902 coins. 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. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView