Monero Trading 7.5% Higher This Week (XMR)

Monero (XMR) traded up 0.9% against the U.S. dollar during the one day period ending at 17:00 PM E.T. on January 25th. One Monero coin can currently be purchased for about $174.53 or 0.00745695 BTC on popular exchanges. Monero has a market cap of $3.18 billion and approximately $79.05 million worth of Monero was traded on exchanges in the last day. In the last week, Monero has traded up 7.5% against the U.S. dollar.

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

• Bitcoin (BTC) traded 2.2% higher against the dollar and now trades at $23,405.52 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.8% higher against the dollar and now trades at $0.0871 or 0.00000372 BTC.
• Litecoin (LTC) traded up 3% against the dollar and now trades at $90.81 or 0.00387981 BTC.
• UNUS SED LEO (LEO) traded up 2% against the dollar and now trades at $3.54 or 0.00015132 BTC.
• Ethereum Classic (ETC) traded up 0.7% against the dollar and now trades at $22.04 or 0.00094162 BTC.
• Bitcoin Cash (BCH) traded 2.2% higher against the dollar and now trades at $132.70 or 0.00566948 BTC.
• DEI (DEI) traded 1.8% lower against the dollar and now trades at $0.26 or 0.00001097 BTC.
• Pax Dollar (USDP) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00004269 BTC.
• Bitcoin SV (BSV) traded down 3.7% against the dollar and now trades at $41.20 or 0.00176019 BTC.
• Zcash (ZEC) traded 0.5% higher against the dollar and now trades at $46.05 or 0.00196743 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 18,231,773 coins. 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. The official message board for Monero is forum.getmonero.org.

According to CryptoCompare, “Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)”

Monero Coin Trading

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