Monero Price Tops $306.05 on Exchanges (XMR)

Monero (XMR) traded 1.8% lower against the U.S. dollar during the 24 hour period ending at 9:00 AM ET on June 29th. Monero has a total market capitalization of $5.74 billion and approximately $107.35 million worth of Monero was traded on exchanges in the last day. Over the last week, Monero has traded down 6.2% against the U.S. dollar. One Monero coin can now be purchased for approximately $306.05 or 0.00509305 BTC on cryptocurrency exchanges.

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

• Arweave (AR) traded 8.6% higher against the dollar and now trades at $1.99 or 0.00003317 BTC.
• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $60,091.82 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.5% lower against the dollar and now trades at $0.0731 or 0.00000122 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $9.39 or 0.00015633 BTC.
• Zcash (ZEC) traded 0.5% higher against the dollar and now trades at $385.36 or 0.00641286 BTC.
• Bitcoin Cash (BCH) traded 2.6% higher against the dollar and now trades at $197.44 or 0.00328559 BTC.
• Litecoin (LTC) traded down 0.6% against the dollar and now trades at $42.62 or 0.00070930 BTC.
• Ethereum Classic (ETC) traded 0.5% higher against the dollar and now trades at $7.07 or 0.00011771 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 1.2% against the dollar and now trades at $12.58 or 0.00020928 BTC.

Monero 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 18,771,318 coins. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.getmonero.org. 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”

Monero Coin Trading

It is usually not presently 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 Gemini. 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