Monero (XMR) Price Hits $168.39 on Top Exchanges

Monero (XMR) traded up 0.3% against the dollar during the twenty-four hour period ending at 20:00 PM E.T. on July 2nd. During the last seven days, Monero has traded 3.6% higher against the dollar. One Monero coin can now be purchased for approximately $168.39 or 0.00271123 BTC on popular cryptocurrency exchanges. Monero has a total market capitalization of $3.11 billion and $41.09 million worth of Monero was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $62,109.55 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.6% higher against the dollar and now trades at $0.13 or 0.00000201 BTC.
• Bitcoin Cash (BCH) traded down 0.5% against the dollar and now trades at $381.68 or 0.00614527 BTC.
• Litecoin (LTC) traded up 2.2% against the dollar and now trades at $75.93 or 0.00122259 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $5.75 or 0.00009265 BTC.
• Ethereum Classic (ETC) traded 0.4% higher against the dollar and now trades at $23.26 or 0.00037450 BTC.
• Arweave (AR) traded 2.9% higher against the dollar and now trades at $28.94 or 0.00046601 BTC.
• Bitcoin SV (BSV) traded up 0.9% against the dollar and now trades at $44.55 or 0.00071726 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 2.3% higher against the dollar and now trades at $0.17 or 0.00000278 BTC.

Monero Coin Profile

Monero (CRYPTO: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. 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 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.”

Buying and Selling Monero

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

XMR/USD price chart by TradingView