Monero Price Hits $349.71 on Top Exchanges (XMR)

Monero (XMR) traded down 3.7% against the US dollar during the 1-day period ending at 8:00 AM Eastern on July 27th. Over the last seven days, Monero has traded 4.4% higher against the US dollar. Monero has a total market capitalization of $6.57 billion and $82.33 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be bought for approximately $349.71 or 0.00538103 BTC on popular cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

• Arweave (AR) traded 0.3% lower against the dollar and now trades at $1.86 or 0.00002860 BTC.
• Bitcoin (BTC) traded 1% higher against the dollar and now trades at $64,988.60 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1% lower against the dollar and now trades at $0.0726 or 0.00000112 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $9.71 or 0.00014937 BTC.
• Zcash (ZEC) traded up 1.2% against the dollar and now trades at $499.74 or 0.00768965 BTC.
• Bitcoin Cash (BCH) traded up 3.4% against the dollar and now trades at $218.41 or 0.00336072 BTC.
• Litecoin (LTC) traded down 0.8% against the dollar and now trades at $46.88 or 0.00072142 BTC.
• Ethereum Classic (ETC) traded 0.3% lower against the dollar and now trades at $6.97 or 0.00010719 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 3.2% higher against the dollar and now trades at $13.68 or 0.00021048 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 18,783,417 coins. The official website for Monero 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 message board is forum.getmonero.org. 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”

Buying and Selling Monero

It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView