Monero (XMR) Price Down 4.7% Over Last Week

Monero (XMR) traded 1.6% lower against the US dollar during the 1-day period ending at 13:00 PM E.T. on March 28th. During the last seven days, Monero has traded down 4.7% against the US dollar. One Monero coin can now be bought for about $135.18 or 0.00191077 BTC on major exchanges. Monero has a total market capitalization of $2.49 billion and $50.88 million worth of Monero was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 3.1% against the dollar and now trades at $70,745.50 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 18.7% higher against the dollar and now trades at $0.22 or 0.00000310 BTC.
• Bitcoin Cash (BCH) traded up 5.3% against the dollar and now trades at $568.01 or 0.00802888 BTC.
• Litecoin (LTC) traded up 0.8% against the dollar and now trades at $95.31 or 0.00134724 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $6.07 or 0.00008575 BTC.
• Ethereum Classic (ETC) traded up 3% against the dollar and now trades at $32.47 or 0.00045892 BTC.
• Arweave (AR) traded 0.7% higher against the dollar and now trades at $41.78 or 0.00059050 BTC.
• Bitcoin SV (BSV) traded 3.7% higher against the dollar and now trades at $93.27 or 0.00131836 BTC.
• Conflux (CFX) traded up 1% against the dollar and now trades at $0.48 or 0.00000672 BTC.
• eCash (XEC) traded up 2.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Monero Coin Profile

Monero (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 18,416,231 coins. Monero’s official message board 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 (XMR) is a decentralized cryptocurrency created in April 2014 by a group of developers led by the pseudonymous developer “thankful_for_today”. It utilizes a combination of ring signatures, ring confidential transactions and stealth addresses to protect sender and receiver privacy, and employs a proof-of-work consensus algorithm to ensure the security of the network. XMR is used as a medium of exchange between individuals and organizations, allowing for fast and secure money transfers over the internet, and can be exchanged for other cryptocurrencies and fiat currencies. It is listed on a variety of cryptocurrency exchanges and is accepted by many merchants and services.”

Buying and Selling Monero

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