Monero (XMR) Price Up 8.7% Over Last Week

Monero (XMR) traded 3.7% higher against the U.S. dollar during the one day period ending at 16:00 PM Eastern on April 10th. During the last week, Monero has traded 8.7% higher against the U.S. dollar. Monero has a total market cap of $2.51 billion and approximately $44.25 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be purchased for $136.31 or 0.00195270 BTC on popular exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 1.4% higher against the dollar and now trades at $69,805.82 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 6.2% against the dollar and now trades at $0.20 or 0.00000287 BTC.
• Bitcoin Cash (BCH) traded 8.4% lower against the dollar and now trades at $614.36 or 0.00880100 BTC.
• Litecoin (LTC) traded down 2.5% against the dollar and now trades at $95.82 or 0.00137263 BTC.
• UNUS SED LEO (LEO) traded up 2.9% against the dollar and now trades at $5.97 or 0.00008551 BTC.
• Ethereum Classic (ETC) traded up 0.6% against the dollar and now trades at $33.15 or 0.00047490 BTC.
• Arweave (AR) traded 4.4% lower against the dollar and now trades at $30.69 or 0.00043961 BTC.
• Bitcoin SV (BSV) traded 1.8% lower against the dollar and now trades at $93.72 or 0.00134257 BTC.
• Nervos Network (CKB) traded up 3.8% against the dollar and now trades at $0.0327 or 0.00000047 BTC.
• eCash (XEC) traded 2.4% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Monero

Monero 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 18,421,871 coins. 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.”

Buying and Selling Monero

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

XMR/USD price chart by TradingView