Monero (XMR) Price Tops $409.63 on Major Exchanges

Monero (XMR) traded 1.6% higher against the dollar during the 1 day period ending at 9:00 AM E.T. on August 16th. Monero has a market capitalization of $7.70 billion and approximately $72.04 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be purchased for about $409.63 or 0.00650785 BTC on popular exchanges. During the last week, Monero has traded up 7.5% against the dollar.

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

• Arweave (AR) traded up 0.2% against the dollar and now trades at $1.80 or 0.00002858 BTC.
• Bitcoin (BTC) traded up 0% against the dollar and now trades at $62,944.10 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.1% lower against the dollar and now trades at $0.0698 or 0.00000111 BTC.
• UNUS SED LEO (LEO) traded up 4.8% against the dollar and now trades at $9.33 or 0.00014815 BTC.
• Zcash (ZEC) traded down 0.9% against the dollar and now trades at $484.54 or 0.00769794 BTC.
• Bitcoin Cash (BCH) traded down 0.2% against the dollar and now trades at $204.02 or 0.00324134 BTC.
• Litecoin (LTC) traded up 0.5% against the dollar and now trades at $44.27 or 0.00070334 BTC.
• Ethereum Classic (ETC) traded down 1.4% against the dollar and now trades at $6.18 or 0.00009816 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $15.24 or 0.00024205 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 18,792,029 coins. 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. 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 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 purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView