Monero Trading Up 0.5% This Week (XMR)

Monero (XMR) traded 1.1% lower against the US dollar during the 1-day period ending at 14:00 PM E.T. on April 27th. Monero has a market capitalization of $2.20 billion and $40.94 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be purchased for $119.55 or 0.00188743 BTC on cryptocurrency exchanges. Over the last week, Monero has traded up 0.5% against the US dollar.

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

• Bitcoin (BTC) traded 1% lower against the dollar and now trades at $63,339.36 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.3% against the dollar and now trades at $0.15 or 0.00000234 BTC.
• Bitcoin Cash (BCH) traded 2.9% lower against the dollar and now trades at $476.48 or 0.00752265 BTC.
• Litecoin (LTC) traded down 4.5% against the dollar and now trades at $83.93 or 0.00132512 BTC.
• UNUS SED LEO (LEO) traded 1.1% higher against the dollar and now trades at $5.83 or 0.00009207 BTC.
• Ethereum Classic (ETC) traded 0% lower against the dollar and now trades at $27.67 or 0.00043680 BTC.
• Arweave (AR) traded up 9% against the dollar and now trades at $33.92 or 0.00053550 BTC.
• Bitcoin SV (BSV) traded 1.3% higher against the dollar and now trades at $67.31 or 0.00106269 BTC.
• eCash (XEC) traded down 1.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 1.3% lower against the dollar and now trades at $0.24 or 0.00000377 BTC.

Monero Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,429,180 coins. The official website for Monero 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. 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 possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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