Monero Price Tops $133.04 (XMR)

Monero (XMR) traded 0.4% higher against the dollar during the 24-hour period ending at 14:00 PM ET on May 10th. Monero has a total market capitalization of $2.45 billion and approximately $49.35 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for about $133.04 or 0.00220131 BTC on cryptocurrency exchanges. In the last seven days, Monero has traded 6.5% higher against the dollar.

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

• Bitcoin (BTC) traded 3.1% lower against the dollar and now trades at $60,325.18 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.4% lower against the dollar and now trades at $0.14 or 0.00000238 BTC.
• Bitcoin Cash (BCH) traded down 5.3% against the dollar and now trades at $423.21 or 0.00700236 BTC.
• Litecoin (LTC) traded down 1.8% against the dollar and now trades at $80.62 or 0.00133393 BTC.
• UNUS SED LEO (LEO) traded 1.4% higher against the dollar and now trades at $5.96 or 0.00009863 BTC.
• Ethereum Classic (ETC) traded 3.4% lower against the dollar and now trades at $26.50 or 0.00043852 BTC.
• Arweave (AR) traded 0.1% higher against the dollar and now trades at $41.06 or 0.00067942 BTC.
• Bitcoin SV (BSV) traded 1.9% lower against the dollar and now trades at $62.35 or 0.00103159 BTC.
• eCash (XEC) traded 3.6% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded 3% lower against the dollar and now trades at $0.21 or 0.00000344 BTC.

About Monero

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 18,434,777 coins. The official message board for Monero is forum.getmonero.org. 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. Monero’s official Twitter account is @monero and its Facebook page is accessible 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.”

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. 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