Monero Trading 5.2% Higher This Week (XMR)

Monero (XMR) traded up 3% against the US dollar during the one day period ending at 9:00 AM ET on September 25th. Monero has a market capitalization of $10.56 billion and $140.73 million worth of Monero was traded on exchanges in the last 24 hours. Over the last seven days, Monero has traded up 5.2% against the US dollar. One Monero coin can now be purchased for about $561.38 or 0.00664382 BTC on cryptocurrency exchanges.

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

• Arweave (AR) traded 6.8% higher against the dollar and now trades at $4.66 or 0.00005521 BTC.
• Bitcoin (BTC) traded 1.1% higher against the dollar and now trades at $84,496.99 or 1.00000000 BTC.
• Zcash (ZEC) traded up 7.6% against the dollar and now trades at $1,599.47 or 0.01892934 BTC.
• Dogecoin (DOGE) traded 6.3% higher against the dollar and now trades at $0.0985 or 0.00000117 BTC.
• UNUS SED LEO (LEO) traded 0.7% lower against the dollar and now trades at $8.83 or 0.00010456 BTC.
• Bitcoin Cash (BCH) traded 0.1% lower against the dollar and now trades at $334.97 or 0.00396434 BTC.
• Litecoin (LTC) traded up 5.8% against the dollar and now trades at $70.06 or 0.00082915 BTC.
• Ethereum Classic (ETC) traded up 1.6% against the dollar and now trades at $9.58 or 0.00011337 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 0.2% against the dollar and now trades at $21.49 or 0.00025435 BTC.

Monero Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,809,282 coins. 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 Twitter account is @monero and its Facebook page is accessible here. 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 presently 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, Coinbase 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