Monero Trading Down 0.3% This Week (XMR)

Monero (XMR) traded down 1.5% against the dollar during the one day period ending at 10:00 AM E.T. on January 9th. In the last seven days, Monero has traded down 0.3% against the dollar. Monero has a market cap of $3.60 billion and approximately $66.43 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for approximately $195.15 or 0.00208133 BTC on exchanges.

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

• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $93,760.49 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.3% against the dollar and now trades at $0.33 or 0.00000352 BTC.
• Bitcoin Cash (BCH) traded down 1.7% against the dollar and now trades at $428.52 or 0.00457035 BTC.
• UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $9.03 or 0.00009627 BTC.
• Litecoin (LTC) traded 2.5% higher against the dollar and now trades at $104.53 or 0.00111485 BTC.
• Ethereum Classic (ETC) traded down 0.6% against the dollar and now trades at $25.25 or 0.00026928 BTC.
• IOTA (MIOTA) traded down 3.9% against the dollar and now trades at $0.31 or 0.00000330 BTC.
• Bitcoin SV (BSV) traded up 0.3% against the dollar and now trades at $52.64 or 0.00056139 BTC.
• Arweave (AR) traded 1.8% lower against the dollar and now trades at $15.64 or 0.00016682 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Monero Coin Profile

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. 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. The official message board for Monero is forum.getmonero.org. Monero’s official website is www.getmonero.org.

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 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 Changelly, GDAX or Coinbase. 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