Monero (XMR) Price Hits $117.74 on Top Exchanges

Monero (XMR) traded up 3% against the dollar during the 1-day period ending at 10:00 AM Eastern on April 19th. One Monero coin can now be purchased for about $117.74 or 0.00181420 BTC on cryptocurrency exchanges. During the last seven days, Monero has traded 12% lower against the dollar. Monero has a market cap of $2.17 billion and $49.76 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 0.9% against the dollar and now trades at $65,061.03 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.5% against the dollar and now trades at $0.15 or 0.00000236 BTC.
• Bitcoin Cash (BCH) traded 1.1% higher against the dollar and now trades at $481.29 or 0.00741603 BTC.
• Litecoin (LTC) traded up 0.4% against the dollar and now trades at $81.39 or 0.00125411 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $5.83 or 0.00008986 BTC.
• Ethereum Classic (ETC) traded up 2.3% against the dollar and now trades at $26.20 or 0.00040376 BTC.
• Arweave (AR) traded 14.2% higher against the dollar and now trades at $27.57 or 0.00042486 BTC.
• Bitcoin SV (BSV) traded up 1.6% against the dollar and now trades at $66.55 or 0.00102543 BTC.
• eCash (XEC) traded up 4.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded up 4.3% against the dollar and now trades at $0.24 or 0.00000365 BTC.

Monero Coin Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,425,653 coins. 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. 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 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 GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView