Monero Price Reaches $378.22 (XMR)

Monero (XMR) traded up 1.9% against the U.S. dollar during the twenty-four hour period ending at 8:00 AM E.T. on August 8th. In the last seven days, Monero has traded 4.7% higher against the U.S. dollar. Monero has a market capitalization of $7.11 billion and approximately $81.48 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for approximately $378.22 or 0.00582284 BTC on exchanges.

Here’s how other cryptocurrencies have performed in the last day:

• Arweave (AR) traded 0.2% lower against the dollar and now trades at $1.80 or 0.00002772 BTC.
• Bitcoin (BTC) traded down 0.4% against the dollar and now trades at $64,954.24 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.6% higher against the dollar and now trades at $0.0704 or 0.00000108 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $9.70 or 0.00014934 BTC.
• Zcash (ZEC) traded 1.9% lower against the dollar and now trades at $499.71 or 0.00769330 BTC.
• Bitcoin Cash (BCH) traded down 0.2% against the dollar and now trades at $216.43 or 0.00333198 BTC.
• Litecoin (LTC) traded 0.4% lower against the dollar and now trades at $45.57 or 0.00070154 BTC.
• Ethereum Classic (ETC) traded down 0% against the dollar and now trades at $6.51 or 0.00010020 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 3.9% against the dollar and now trades at $13.98 or 0.00021520 BTC.

About Monero

Monero (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 18,788,559 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website 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. 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 possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView