Monero (XMR) Trading 1.3% Lower Over Last 7 Days

Monero (XMR) traded down 1.2% against the U.S. dollar during the 1 day period ending at 8:00 AM Eastern on March 29th. One Monero coin can currently be purchased for approximately $135.15 or 0.00192714 BTC on exchanges. During the last week, Monero has traded 1.3% lower against the U.S. dollar. Monero has a total market capitalization of $2.49 billion and $43.29 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 0.9% lower against the dollar and now trades at $70,130.79 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.4% lower against the dollar and now trades at $0.21 or 0.00000305 BTC.
• Bitcoin Cash (BCH) traded up 11.4% against the dollar and now trades at $633.12 or 0.00902770 BTC.
• Litecoin (LTC) traded up 8.4% against the dollar and now trades at $103.44 or 0.00147499 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $6.07 or 0.00008656 BTC.
• Ethereum Classic (ETC) traded up 8.2% against the dollar and now trades at $34.74 or 0.00049543 BTC.
• Arweave (AR) traded down 3% against the dollar and now trades at $41.42 or 0.00059060 BTC.
• Bitcoin SV (BSV) traded up 8.2% against the dollar and now trades at $100.67 or 0.00143542 BTC.
• Conflux (CFX) traded up 2.1% against the dollar and now trades at $0.48 or 0.00000684 BTC.
• eCash (XEC) traded up 3.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Monero Coin Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 18,416,602 coins. The official message board for Monero 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. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView