Monero (XMR) Price Reaches $134.30 on Major Exchanges

Monero (XMR) traded up 8.8% against the U.S. dollar during the 1-day period ending at 21:00 PM Eastern on May 5th. In the last week, Monero has traded 5.6% higher against the U.S. dollar. Monero has a market capitalization of $2.48 billion and approximately $68.29 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for about $134.30 or 0.00208484 BTC on popular exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 1.7% against the dollar and now trades at $64,428.50 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.8% against the dollar and now trades at $0.16 or 0.00000253 BTC.
• Bitcoin Cash (BCH) traded up 2.5% against the dollar and now trades at $471.74 or 0.00732305 BTC.
• Litecoin (LTC) traded up 0.5% against the dollar and now trades at $81.62 or 0.00126702 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $5.84 or 0.00009065 BTC.
• Ethereum Classic (ETC) traded up 4.4% against the dollar and now trades at $27.90 or 0.00043314 BTC.
• Arweave (AR) traded up 12% against the dollar and now trades at $40.35 or 0.00062633 BTC.
• Bitcoin SV (BSV) traded 1.4% higher against the dollar and now trades at $65.17 or 0.00101168 BTC.
• eCash (XEC) traded up 2.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded up 5.7% against the dollar and now trades at $0.23 or 0.00000363 BTC.

Monero Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,432,793 coins. 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. Monero’s official website is www.getmonero.org. 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 possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView