Monero (XMR) Price Tops $220.10 on Top Exchanges

Monero (XMR) traded 0.1% higher against the U.S. dollar during the one day period ending at 10:00 AM ET on January 29th. Monero has a market capitalization of $4.06 billion and approximately $62.80 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be purchased for $220.10 or 0.00215884 BTC on major exchanges. Over the last week, Monero has traded up 2.3% against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $101,951.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.7% lower against the dollar and now trades at $0.33 or 0.00000319 BTC.
• UNUS SED LEO (LEO) traded down 1.8% against the dollar and now trades at $9.59 or 0.00009404 BTC.
• Litecoin (LTC) traded down 2.3% against the dollar and now trades at $111.70 or 0.00109561 BTC.
• Bitcoin Cash (BCH) traded 4.3% lower against the dollar and now trades at $410.84 or 0.00402973 BTC.
• Ethereum Classic (ETC) traded down 2.2% against the dollar and now trades at $25.26 or 0.00024780 BTC.
• IOTA (MIOTA) traded down 5.1% against the dollar and now trades at $0.28 or 0.00000279 BTC.
• Bitcoin SV (BSV) traded 3.3% lower against the dollar and now trades at $47.68 or 0.00046769 BTC.
• Arweave (AR) traded 5.2% lower against the dollar and now trades at $12.70 or 0.00012456 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. It was first traded on April 18th, 2014. Monero’s total supply is 18,446,744 coins. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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 acquire 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 exchanges listed above.

XMR/USD price chart by TradingView