Monero Price Reaches $378.22 (XMR)

Monero (XMR) traded up 1.9% against the dollar during the 24 hour period ending at 8:00 AM ET on August 8th. Monero has a total market capitalization of $7.11 billion and approximately $81.48 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for approximately $378.22 or 0.00582284 BTC on exchanges. In the last week, Monero has traded 4.7% higher against the dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Arweave (AR) traded 0.2% lower against the dollar and now trades at $1.80 or 0.00002772 BTC.
• Bitcoin (BTC) traded down 0.4% against the dollar and now trades at $64,954.24 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.6% against the dollar and now trades at $0.0704 or 0.00000108 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $9.70 or 0.00014934 BTC.
• Zcash (ZEC) traded 1.9% lower against the dollar and now trades at $499.71 or 0.00769330 BTC.
• Bitcoin Cash (BCH) traded 0.2% lower against the dollar and now trades at $216.43 or 0.00333198 BTC.
• Litecoin (LTC) traded down 0.4% against the dollar and now trades at $45.57 or 0.00070154 BTC.
• Ethereum Classic (ETC) traded 0% lower against the dollar and now trades at $6.51 or 0.00010020 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 3.9% against the dollar and now trades at $13.98 or 0.00021520 BTC.

Monero Coin Profile

Monero (CRYPTO: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 18,788,559 coins. 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 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 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 GDAX, Changelly or Coinbase. 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