Monero (XMR) Price Tops $168.65 on Major Exchanges

Monero (XMR) traded down 0.7% against the U.S. dollar during the twenty-four hour period ending at 14:00 PM E.T. on September 7th. Monero has a total market cap of $3.11 billion and $54.14 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for about $168.65 or 0.00310945 BTC on cryptocurrency exchanges. During the last seven days, Monero has traded 0.9% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded up 1.2% against the dollar and now trades at $54,237.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.6% against the dollar and now trades at $0.0950 or 0.00000175 BTC.
• Bitcoin Cash (BCH) traded up 0.8% against the dollar and now trades at $300.44 or 0.00553937 BTC.
• UNUS SED LEO (LEO) traded 2% lower against the dollar and now trades at $5.40 or 0.00009952 BTC.
• Litecoin (LTC) traded down 1.3% against the dollar and now trades at $62.67 or 0.00115549 BTC.
• Ethereum Classic (ETC) traded 0.8% higher against the dollar and now trades at $17.57 or 0.00032387 BTC.
• Arweave (AR) traded down 1.1% against the dollar and now trades at $20.30 or 0.00037435 BTC.
• Bitcoin SV (BSV) traded up 0.1% against the dollar and now trades at $44.42 or 0.00081901 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 2.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

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 18,446,744 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.”

Buying and Selling Monero

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

XMR/USD price chart by TradingView