Monero Trading 15% Higher Over Last 7 Days (XMR)

Monero (XMR) traded up 3.4% against the dollar during the 1-day period ending at 9:00 AM ET on August 28th. During the last week, Monero has traded 15% higher against the dollar. One Monero coin can currently be purchased for about $475.58 or 0.00598627 BTC on popular exchanges. Monero has a total market cap of $8.94 billion and $125.98 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded 2.7% lower against the dollar and now trades at $2.12 or 0.00002673 BTC.
• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $79,445.26 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1% lower against the dollar and now trades at $0.0869 or 0.00000109 BTC.
• Zcash (ZEC) traded up 2% against the dollar and now trades at $796.97 or 0.01003168 BTC.
• UNUS SED LEO (LEO) traded 1.3% higher against the dollar and now trades at $9.45 or 0.00011891 BTC.
• Bitcoin Cash (BCH) traded down 1.6% against the dollar and now trades at $263.75 or 0.00331995 BTC.
• Litecoin (LTC) traded 1.3% lower against the dollar and now trades at $49.06 or 0.00061748 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $7.68 or 0.00009661 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 0.8% against the dollar and now trades at $16.80 or 0.00021145 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 18,797,213 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 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 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, Changelly or Gemini. 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