Monero Price Reaches $158.36 on Exchanges (XMR)

Monero (XMR) traded up 2.4% against the dollar during the 24 hour period ending at 14:00 PM Eastern on October 16th. One Monero coin can now be bought for approximately $158.36 or 0.00232933 BTC on major cryptocurrency exchanges. In the last seven days, Monero has traded up 4.5% against the dollar. Monero has a total market cap of $2.92 billion and approximately $64.28 million worth of Monero was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded up 1.4% against the dollar and now trades at $67,987.24 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 7.8% higher against the dollar and now trades at $0.13 or 0.00000186 BTC.
• Bitcoin Cash (BCH) traded up 3.3% against the dollar and now trades at $368.11 or 0.00541439 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $6.13 or 0.00009019 BTC.
• Litecoin (LTC) traded up 2% against the dollar and now trades at $70.41 or 0.00103570 BTC.
• Ethereum Classic (ETC) traded 0.2% lower against the dollar and now trades at $19.35 or 0.00028458 BTC.
• Arweave (AR) traded 5.8% lower against the dollar and now trades at $18.82 or 0.00027679 BTC.
• Bitcoin SV (BSV) traded 2.9% higher against the dollar and now trades at $51.22 or 0.00075342 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded down 2.6% against the dollar and now trades at $0.17 or 0.00000245 BTC.

Monero Coin Profile

Monero (CRYPTO: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 18,446,744 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website is www.getmonero.org. Monero’s official message board 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.”

Monero Coin Trading

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

XMR/USD price chart by TradingView