Monero (XMR) Trading 0.9% Lower Over Last Week

Monero (XMR) traded 2.5% lower against the U.S. dollar during the 24 hour period ending at 8:00 AM Eastern on July 31st. One Monero coin can now be purchased for about $350.54 or 0.00551001 BTC on major exchanges. In the last seven days, Monero has traded 0.9% lower against the U.S. dollar. Monero has a total market capitalization of $6.58 billion and approximately $92.49 million worth of Monero was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded down 0.8% against the dollar and now trades at $1.71 or 0.00002689 BTC.
• Bitcoin (BTC) traded 1.8% lower against the dollar and now trades at $63,618.94 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.9% against the dollar and now trades at $0.0695 or 0.00000109 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $9.73 or 0.00015293 BTC.
• Zcash (ZEC) traded down 3.7% against the dollar and now trades at $457.66 or 0.00719372 BTC.
• Bitcoin Cash (BCH) traded down 2% against the dollar and now trades at $206.97 or 0.00325334 BTC.
• Litecoin (LTC) traded 0.4% lower against the dollar and now trades at $44.98 or 0.00070696 BTC.
• Ethereum Classic (ETC) traded down 2% against the dollar and now trades at $6.65 or 0.00010447 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1.3% higher against the dollar and now trades at $12.60 or 0.00019798 BTC.

Monero Coin Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was April 18th, 2014. Monero’s total supply is 18,785,121 coins. The official message board for Monero is forum.getmonero.org. The official website for Monero is www.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”

Monero Coin Trading

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView