Monero (XMR) Price Up 0.9% Over Last Week

Monero (XMR) traded up 3.2% against the dollar during the twenty-four hour period ending at 9:00 AM ET on December 3rd. Monero has a market cap of $7.43 billion and $234.79 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded up 0.9% against the dollar. One Monero coin can now be purchased for approximately $402.77 or 0.00433065 BTC on exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded up 10.6% against the dollar and now trades at $4.39 or 0.00004724 BTC.
• Bitcoin (BTC) traded 6.2% higher against the dollar and now trades at $93,004.32 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 9.5% higher against the dollar and now trades at $0.15 or 0.00000161 BTC.
• Bitcoin Cash (BCH) traded up 10.8% against the dollar and now trades at $587.39 or 0.00631577 BTC.
• UNUS SED LEO (LEO) traded down 3.5% against the dollar and now trades at $9.40 or 0.00010109 BTC.
• Litecoin (LTC) traded up 8.5% against the dollar and now trades at $85.39 or 0.00091810 BTC.
• Zcash (ZEC) traded up 2.5% against the dollar and now trades at $336.21 or 0.00361503 BTC.
• Ethereum Classic (ETC) traded 6.7% higher against the dollar and now trades at $13.91 or 0.00014954 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded up 5.3% against the dollar and now trades at $0.10 or 0.00000112 BTC.

Monero Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 18,446,744 coins. The official website for Monero is www.getmonero.org. The official message board for Monero 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.

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)”

Buying and Selling Monero

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

XMR/USD price chart by TradingView