Monero Price Tops $155.30 (XMR)

Monero (XMR) traded up 0.8% against the U.S. dollar during the 1 day period ending at 21:00 PM E.T. on July 9th. One Monero coin can now be purchased for $155.30 or 0.00269650 BTC on popular cryptocurrency exchanges. Over the last week, Monero has traded down 7.9% against the U.S. dollar. Monero has a market cap of $2.86 billion and approximately $83.87 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 1.3% against the dollar and now trades at $57,593.76 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.7% against the dollar and now trades at $0.11 or 0.00000185 BTC.
• Bitcoin Cash (BCH) traded down 2.1% against the dollar and now trades at $329.51 or 0.00572121 BTC.
• UNUS SED LEO (LEO) traded up 1.2% against the dollar and now trades at $5.84 or 0.00010135 BTC.
• Litecoin (LTC) traded 0.8% lower against the dollar and now trades at $64.75 or 0.00112419 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $20.51 or 0.00035613 BTC.
• Arweave (AR) traded 2.1% lower against the dollar and now trades at $22.05 or 0.00038282 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 1% against the dollar and now trades at $37.21 or 0.00064601 BTC.
• Conflux (CFX) traded 4.1% higher against the dollar and now trades at $0.14 or 0.00000241 BTC.

Monero Coin Profile

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on 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.”

Buying and Selling Monero

It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView