Monero (XMR) Price Up 6.2% Over Last Week

Monero (XMR) traded up 4.1% against the U.S. dollar during the 1-day period ending at 9:00 AM Eastern on April 10th. During the last week, Monero has traded 6.2% higher against the U.S. dollar. Monero has a total market capitalization of $6.34 billion and $119.96 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for about $343.67 or 0.00475567 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Arweave (AR) traded up 2.5% against the dollar and now trades at $1.72 or 0.00002379 BTC.
• Bitcoin (BTC) traded up 2% against the dollar and now trades at $72,255.01 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.5% higher against the dollar and now trades at $0.0929 or 0.00000129 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $10.12 or 0.00014001 BTC.
• Bitcoin Cash (BCH) traded 0.3% higher against the dollar and now trades at $442.31 or 0.00612063 BTC.
• Zcash (ZEC) traded 21.4% higher against the dollar and now trades at $379.62 or 0.00525314 BTC.
• Litecoin (LTC) traded 1.8% higher against the dollar and now trades at $54.91 or 0.00075980 BTC.
• Ethereum Classic (ETC) traded 1% higher against the dollar and now trades at $8.48 or 0.00011740 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1.8% higher against the dollar and now trades at $16.24 or 0.00022478 BTC.

About Monero

Monero (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 18,446,744 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 Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board 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”

Buying and Selling Monero

It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView