Monero Price Hits $367.14 (XMR)

Monero (XMR) traded up 7.2% against the US dollar during the 24 hour period ending at 9:00 AM Eastern on March 5th. One Monero coin can now be purchased for about $367.14 or 0.00503736 BTC on popular exchanges. In the last seven days, Monero has traded up 8.5% against the US dollar. Monero has a total market capitalization of $6.77 billion and approximately $133.82 million worth of Monero was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Arweave (AR) traded 2.6% higher against the dollar and now trades at $1.70 or 0.00002332 BTC.
• Bitcoin (BTC) traded up 1.3% against the dollar and now trades at $72,883.33 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.1% higher against the dollar and now trades at $0.0959 or 0.00000132 BTC.
• Bitcoin Cash (BCH) traded 1.4% higher against the dollar and now trades at $461.98 or 0.00633858 BTC.
• UNUS SED LEO (LEO) traded 2.5% lower against the dollar and now trades at $8.99 or 0.00012329 BTC.
• Litecoin (LTC) traded up 0.7% against the dollar and now trades at $55.98 or 0.00076811 BTC.
• Zcash (ZEC) traded up 3.1% against the dollar and now trades at $233.29 or 0.00320082 BTC.
• Ethereum Classic (ETC) traded up 2.7% against the dollar and now trades at $8.78 or 0.00012050 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 0.9% against the dollar and now trades at $15.16 or 0.00020804 BTC.

Monero Coin Profile

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. 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. The official message board for Monero is forum.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 buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView