Monero Trading 4.6% Higher Over Last Week (XMR)

Monero (XMR) traded up 3.2% against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on July 7th. Over the last seven days, Monero has traded up 4.6% against the dollar. One Monero coin can now be bought for about $328.42 or 0.00521553 BTC on major cryptocurrency exchanges. Monero has a market capitalization of $6.17 billion and $101.83 million worth of Monero was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded 0.5% lower against the dollar and now trades at $1.98 or 0.00003139 BTC.
• Bitcoin (BTC) traded up 1.9% against the dollar and now trades at $62,970.33 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.1% against the dollar and now trades at $0.0744 or 0.00000118 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $9.32 or 0.00014803 BTC.
• Zcash (ZEC) traded 3.4% higher against the dollar and now trades at $459.51 or 0.00729730 BTC.
• Bitcoin Cash (BCH) traded 0.6% higher against the dollar and now trades at $237.67 or 0.00377439 BTC.
• Litecoin (LTC) traded down 0.6% against the dollar and now trades at $43.93 or 0.00069767 BTC.
• Ethereum Classic (ETC) traded 1.7% lower against the dollar and now trades at $6.95 or 0.00011040 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 4.4% against the dollar and now trades at $14.02 or 0.00022268 BTC.

Monero Coin Profile

XMR 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 18,774,801 coins. The official message board for Monero is forum.getmonero.org. The official website for Monero 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.

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)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Buying and Selling Monero

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

XMR/USD price chart by TradingView