Monero (XMR) Price Reaches $160.59 on Top Exchanges

Monero (XMR) traded up 1.6% against the U.S. dollar during the 1 day period ending at 22:00 PM ET on August 20th. In the last week, Monero has traded 8.4% higher against the U.S. dollar. One Monero coin can now be bought for about $160.59 or 0.00272158 BTC on popular exchanges. Monero has a market capitalization of $2.96 billion and approximately $81.80 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 2.4% against the dollar and now trades at $59,007.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.1% against the dollar and now trades at $0.10 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded down 2.2% against the dollar and now trades at $335.02 or 0.00567759 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $5.88 or 0.00009967 BTC.
• Litecoin (LTC) traded down 4.7% against the dollar and now trades at $63.89 or 0.00108277 BTC.
• Ethereum Classic (ETC) traded down 1.6% against the dollar and now trades at $18.81 or 0.00031875 BTC.
• Arweave (AR) traded 4.9% higher against the dollar and now trades at $22.93 or 0.00038852 BTC.
• Bitcoin SV (BSV) traded 1.1% lower against the dollar and now trades at $42.64 or 0.00072255 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Zcash (ZEC) traded 1% lower against the dollar and now trades at $41.59 or 0.00070491 BTC.

About Monero

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

Monero Coin Trading

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. 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