Monero (XMR) Price Tops $361.93

Monero (XMR) traded 0.4% higher against the U.S. dollar during the 1 day period ending at 8:00 AM ET on August 4th. Monero has a market capitalization of $6.80 billion and $72.45 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be bought for approximately $361.93 or 0.00566745 BTC on exchanges. Over the last seven days, Monero has traded 6.6% higher against the U.S. dollar.

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

• Arweave (AR) traded 2.4% higher against the dollar and now trades at $1.81 or 0.00002830 BTC.
• Bitcoin (BTC) traded 2% higher against the dollar and now trades at $63,860.45 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.4% against the dollar and now trades at $0.0704 or 0.00000110 BTC.
• UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $9.77 or 0.00015302 BTC.
• Zcash (ZEC) traded up 0.7% against the dollar and now trades at $486.66 or 0.00762065 BTC.
• Bitcoin Cash (BCH) traded 1.7% higher against the dollar and now trades at $213.39 or 0.00334147 BTC.
• Litecoin (LTC) traded up 0.6% against the dollar and now trades at $44.31 or 0.00069380 BTC.
• Ethereum Classic (ETC) traded up 0.7% against the dollar and now trades at $6.60 or 0.00010341 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 3.6% against the dollar and now trades at $12.98 or 0.00020320 BTC.

Monero Coin Profile

Monero 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 18,786,831 coins. Monero’s official website 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. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed 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 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 Changelly, Coinbase or GDAX. 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