Monero Price Hits $123.70 (XMR)

Monero (XMR) traded 1.3% higher against the U.S. dollar during the 24-hour period ending at 21:00 PM E.T. on May 3rd. One Monero coin can currently be purchased for about $123.70 or 0.00196453 BTC on exchanges. Monero has a market capitalization of $2.28 billion and $53.25 million worth of Monero was traded on exchanges in the last day. Over the last week, Monero has traded up 3.5% against the U.S. dollar.

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

• Bitcoin (BTC) traded 6.1% higher against the dollar and now trades at $62,971.23 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 11.6% against the dollar and now trades at $0.15 or 0.00000239 BTC.
• Bitcoin Cash (BCH) traded up 6.7% against the dollar and now trades at $467.07 or 0.00741770 BTC.
• Litecoin (LTC) traded up 1.8% against the dollar and now trades at $82.05 or 0.00130309 BTC.
• UNUS SED LEO (LEO) traded 1.5% lower against the dollar and now trades at $5.87 or 0.00009319 BTC.
• Ethereum Classic (ETC) traded up 4.6% against the dollar and now trades at $27.16 or 0.00043129 BTC.
• Arweave (AR) traded up 2.3% against the dollar and now trades at $35.13 or 0.00055786 BTC.
• Bitcoin SV (BSV) traded up 9.9% against the dollar and now trades at $65.17 or 0.00103502 BTC.
• eCash (XEC) traded up 8.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 2.1% higher against the dollar and now trades at $0.23 or 0.00000365 BTC.

Monero Coin Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,431,933 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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. The official message board for Monero is forum.getmonero.org.

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.”

Monero Coin Trading

It is usually not 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 Gemini, Changelly or Coinbase. 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