Monero (XMR) Trading 8.6% Lower Over Last Week

Monero (XMR) traded up 4% against the dollar during the 24 hour period ending at 0:00 AM Eastern on July 8th. During the last week, Monero has traded down 8.6% against the dollar. Monero has a total market cap of $2.86 billion and $77.95 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $154.86 or 0.00270579 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded up 4% against the dollar and now trades at $57,234.36 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.1% higher against the dollar and now trades at $0.11 or 0.00000189 BTC.
• Bitcoin Cash (BCH) traded up 8.5% against the dollar and now trades at $335.24 or 0.00585739 BTC.
• UNUS SED LEO (LEO) traded 0.5% higher against the dollar and now trades at $5.84 or 0.00010207 BTC.
• Litecoin (LTC) traded up 5.8% against the dollar and now trades at $65.20 or 0.00113921 BTC.
• Ethereum Classic (ETC) traded 6.7% higher against the dollar and now trades at $20.73 or 0.00036228 BTC.
• Arweave (AR) traded up 3.5% against the dollar and now trades at $22.30 or 0.00038955 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 7% against the dollar and now trades at $36.97 or 0.00064603 BTC.
• eCash (XEC) traded up 5.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

Monero 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 18,446,744 coins. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. Monero’s official website is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org.

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 currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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