Monero Trading 4.7% Higher Over Last Week (XMR)

Monero (XMR) traded 0.5% lower against the dollar during the twenty-four hour period ending at 8:00 AM ET on July 23rd. Monero has a total market cap of $6.51 billion and $70.23 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $346.64 or 0.00532699 BTC on popular cryptocurrency exchanges. Over the last seven days, Monero has traded up 4.7% against the dollar.

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

• Arweave (AR) traded down 0.6% against the dollar and now trades at $1.88 or 0.00002882 BTC.
• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $65,072.70 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.6% lower against the dollar and now trades at $0.0712 or 0.00000109 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $9.72 or 0.00014944 BTC.
• Zcash (ZEC) traded 0.5% lower against the dollar and now trades at $510.81 or 0.00784979 BTC.
• Bitcoin Cash (BCH) traded down 2.7% against the dollar and now trades at $215.45 or 0.00331090 BTC.
• Litecoin (LTC) traded up 0.8% against the dollar and now trades at $46.97 or 0.00072181 BTC.
• Ethereum Classic (ETC) traded 0.2% higher against the dollar and now trades at $6.95 or 0.00010685 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 0.2% lower against the dollar and now trades at $13.56 or 0.00020845 BTC.

About Monero

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 18,781,709 coins. Monero’s official message board 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 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”

Monero Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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