Monero Trading 0.8% Lower Over Last Week (XMR)

Monero (XMR) traded 0.1% lower against the U.S. dollar during the 1 day period ending at 23:00 PM Eastern on September 9th. One Monero coin can now be bought for approximately $170.75 or 0.00301363 BTC on popular cryptocurrency exchanges. Over the last seven days, Monero has traded 0.8% lower against the U.S. dollar. Monero has a market cap of $3.15 billion and approximately $57.08 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 2.9% against the dollar and now trades at $56,654.47 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 6.2% against the dollar and now trades at $0.10 or 0.00000181 BTC.
• Bitcoin Cash (BCH) traded 4.2% higher against the dollar and now trades at $319.34 or 0.00563607 BTC.
• UNUS SED LEO (LEO) traded up 3.6% against the dollar and now trades at $5.60 or 0.00009891 BTC.
• Litecoin (LTC) traded 0.7% higher against the dollar and now trades at $60.66 or 0.00107052 BTC.
• Ethereum Classic (ETC) traded up 1.6% against the dollar and now trades at $18.21 or 0.00032135 BTC.
• Arweave (AR) traded 0.1% higher against the dollar and now trades at $20.35 or 0.00035918 BTC.
• Bitcoin SV (BSV) traded 3.8% higher against the dollar and now trades at $45.92 or 0.00081037 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 1.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Monero

Monero (CRYPTO: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 18,446,744 coins. The official message board for Monero is forum.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 website is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView