Monero (XMR) Trading 2.7% Lower Over Last 7 Days

Monero (XMR) traded up 1.5% against the dollar during the twenty-four hour period ending at 7:00 AM Eastern on November 4th. One Monero coin can currently be bought for approximately $158.35 or 0.00229785 BTC on exchanges. During the last week, Monero has traded down 2.7% against the dollar. Monero has a total market cap of $2.92 billion and $49.81 million worth of Monero was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 0.6% against the dollar and now trades at $68,911.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.7% higher against the dollar and now trades at $0.16 or 0.00000228 BTC.
• Bitcoin Cash (BCH) traded 0.5% lower against the dollar and now trades at $339.49 or 0.00492653 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $6.04 or 0.00008765 BTC.
• Litecoin (LTC) traded down 1.1% against the dollar and now trades at $66.78 or 0.00096900 BTC.
• Ethereum Classic (ETC) traded up 0.2% against the dollar and now trades at $17.87 or 0.00025934 BTC.
• Bitcoin SV (BSV) traded down 1.6% against the dollar and now trades at $46.60 or 0.00067630 BTC.
• Arweave (AR) traded 0.8% lower against the dollar and now trades at $13.80 or 0.00020032 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 0.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

Monero 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 website is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.”

Monero Coin Trading

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView