Monero Price Tops $369.50 (XMR)

Monero (XMR) traded 6.9% lower against the US dollar during the 24-hour period ending at 8:00 AM ET on May 28th. One Monero coin can now be bought for approximately $369.50 or 0.00503107 BTC on exchanges. Monero has a market capitalization of $6.82 billion and $151.64 million worth of Monero was traded on exchanges in the last 24 hours. Over the last week, Monero has traded down 6% against the US dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded 8.4% lower against the dollar and now trades at $2.08 or 0.00002828 BTC.
• Bitcoin (BTC) traded down 2.9% against the dollar and now trades at $73,442.87 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4% against the dollar and now trades at $0.0978 or 0.00000133 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $10.02 or 0.00013646 BTC.
• Zcash (ZEC) traded 8.1% lower against the dollar and now trades at $529.19 or 0.00720544 BTC.
• Bitcoin Cash (BCH) traded 12.3% lower against the dollar and now trades at $301.30 or 0.00410249 BTC.
• Litecoin (LTC) traded down 3% against the dollar and now trades at $50.79 or 0.00069156 BTC.
• Ethereum Classic (ETC) traded down 5.5% against the dollar and now trades at $8.13 or 0.00011076 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 4.2% against the dollar and now trades at $13.73 or 0.00018701 BTC.

About Monero

Monero (CRYPTO: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 18,446,744 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 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 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 exchanges listed above.

XMR/USD price chart by TradingView