Monero Price Up 2.2% Over Last 7 Days (XMR)

Monero (XMR) traded up 0.9% against the dollar during the 1-day period ending at 10:00 AM Eastern on January 5th. In the last week, Monero has traded 2.2% higher against the dollar. One Monero coin can now be bought for $196.88 or 0.00201230 BTC on major exchanges. Monero has a total market cap of $3.63 billion and $61.80 million worth of Monero was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $97,837.64 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.7% against the dollar and now trades at $0.38 or 0.00000390 BTC.
• Bitcoin Cash (BCH) traded down 2.8% against the dollar and now trades at $468.15 or 0.00478500 BTC.
• Litecoin (LTC) traded 0.4% lower against the dollar and now trades at $111.98 or 0.00114459 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $9.11 or 0.00009312 BTC.
• Ethereum Classic (ETC) traded down 3% against the dollar and now trades at $27.73 or 0.00028339 BTC.
• IOTA (MIOTA) traded 1.1% lower against the dollar and now trades at $0.36 or 0.00000371 BTC.
• Arweave (AR) traded 3.2% lower against the dollar and now trades at $19.03 or 0.00019455 BTC.
• Bitcoin SV (BSV) traded down 2.2% against the dollar and now trades at $56.24 or 0.00057479 BTC.
• Zcash (ZEC) traded 3.7% lower against the dollar and now trades at $57.79 or 0.00059066 BTC.

About Monero

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 website 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. 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.”

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

XMR/USD price chart by TradingView