Monero (XMR) Price Hits $156.68 on Major Exchanges

Monero (XMR) traded 0.2% higher against the US dollar during the 1 day period ending at 7:00 AM Eastern on November 3rd. One Monero coin can currently be purchased for about $156.68 or 0.00229312 BTC on major cryptocurrency exchanges. During the last week, Monero has traded 2.5% lower against the US dollar. Monero has a market capitalization of $2.89 billion and approximately $49.93 million worth of Monero was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 1.8% against the dollar and now trades at $68,336.73 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 7% lower against the dollar and now trades at $0.15 or 0.00000217 BTC.
• Bitcoin Cash (BCH) traded down 1.9% against the dollar and now trades at $341.87 or 0.00500361 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.05 or 0.00008857 BTC.
• Litecoin (LTC) traded 5% lower against the dollar and now trades at $67.23 or 0.00098403 BTC.
• Ethereum Classic (ETC) traded down 2.7% against the dollar and now trades at $17.82 or 0.00026076 BTC.
• Bitcoin SV (BSV) traded 5.2% lower against the dollar and now trades at $47.20 or 0.00069076 BTC.
• Arweave (AR) traded down 6.5% against the dollar and now trades at $13.83 or 0.00020238 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 4.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

Monero (CRYPTO: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 Twitter account is @monero and its Facebook page is accessible here. The official website for Monero is www.getmonero.org. Monero’s official message board is forum.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 currently 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