Monero Trading 3.4% Lower Over Last 7 Days (XMR)

Monero (XMR) traded 3.3% higher against the U.S. dollar during the twenty-four hour period ending at 9:00 AM ET on March 2nd. Monero has a market cap of $4.15 billion and $52.45 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $224.74 or 0.00264032 BTC on cryptocurrency exchanges. During the last seven days, Monero has traded down 3.4% against the U.S. dollar.

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

• Bitcoin (BTC) traded up 0.6% against the dollar and now trades at $85,120.05 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.9% against the dollar and now trades at $0.20 or 0.00000238 BTC.
• Litecoin (LTC) traded down 4.6% against the dollar and now trades at $119.25 or 0.00140092 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $9.75 or 0.00011453 BTC.
• Bitcoin Cash (BCH) traded up 2.8% against the dollar and now trades at $317.23 or 0.00372690 BTC.
• Ethereum Classic (ETC) traded down 0% against the dollar and now trades at $18.93 or 0.00022234 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 3.5% higher against the dollar and now trades at $0.21 or 0.00000241 BTC.
• Bitcoin SV (BSV) traded up 0.3% against the dollar and now trades at $34.43 or 0.00040447 BTC.
• Zcash (ZEC) traded 9.2% higher against the dollar and now trades at $40.14 or 0.00047158 BTC.

About Monero

Monero (CRYPTO: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 18,446,744 coins. The official message board for Monero is forum.getmonero.org. The official website for Monero 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 Twitter account is @monero and its Facebook page is accessible here.

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.”

Monero Coin Trading

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

XMR/USD price chart by TradingView