Monero (XMR) Price Tops $500.92 on Exchanges

Monero (XMR) traded down 0.1% against the US dollar during the twenty-four hour period ending at 9:00 AM ET on September 17th. Monero has a total market capitalization of $9.42 billion and $114.12 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for $500.92 or 0.00652836 BTC on cryptocurrency exchanges. During the last week, Monero has traded up 0.1% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Arweave (AR) traded 4.1% higher against the dollar and now trades at $2.58 or 0.00003364 BTC.
• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $76,729.62 or 1.00000000 BTC.
• Zcash (ZEC) traded 11.5% higher against the dollar and now trades at $1,359.76 or 0.01772148 BTC.
• Dogecoin (DOGE) traded up 2.4% against the dollar and now trades at $0.0813 or 0.00000106 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $8.92 or 0.00011625 BTC.
• Bitcoin Cash (BCH) traded up 3.7% against the dollar and now trades at $225.77 or 0.00294235 BTC.
• Litecoin (LTC) traded 4.5% higher against the dollar and now trades at $52.84 or 0.00068862 BTC.
• Ethereum Classic (ETC) traded 2.5% higher against the dollar and now trades at $7.38 or 0.00009612 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 1% against the dollar and now trades at $16.12 or 0.00021003 BTC.

Monero 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 18,805,849 coins. 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. The official message board for Monero is forum.getmonero.org. The official website for Monero is www.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.”

Buying and Selling Monero

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

XMR/USD price chart by TradingView