Monero (XMR) Price Up 8.3% Over Last 7 Days

Monero (XMR) traded down 0.1% against the U.S. dollar during the 1 day period ending at 9:00 AM E.T. on June 17th. Monero has a total market cap of $6.40 billion and approximately $133.63 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for about $340.99 or 0.00524818 BTC on major exchanges. In the last week, Monero has traded up 8.3% against the U.S. dollar.

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

• Arweave (AR) traded 0.3% lower against the dollar and now trades at $2.06 or 0.00003170 BTC.
• Bitcoin (BTC) traded down 2% against the dollar and now trades at $64,972.16 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.4% against the dollar and now trades at $0.0861 or 0.00000133 BTC.
• UNUS SED LEO (LEO) traded down 0.8% against the dollar and now trades at $9.69 or 0.00014920 BTC.
• Zcash (ZEC) traded 5.4% lower against the dollar and now trades at $482.79 or 0.00743078 BTC.
• Bitcoin Cash (BCH) traded down 3.5% against the dollar and now trades at $212.84 or 0.00327581 BTC.
• Litecoin (LTC) traded down 0.7% against the dollar and now trades at $45.21 or 0.00069578 BTC.
• Ethereum Classic (ETC) traded down 1.2% against the dollar and now trades at $7.33 or 0.00011277 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 7.1% higher against the dollar and now trades at $0.0504 or 0.00000078 BTC.

About Monero

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,766,169 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board is forum.getmonero.org. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. 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.”

Monero Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. 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