Monero Price Reaches $121.88 on Major Exchanges (XMR)

Monero (XMR) traded 0.4% lower against the U.S. dollar during the 1-day period ending at 19:00 PM ET on April 23rd. Monero has a market cap of $2.25 billion and approximately $44.23 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for approximately $121.88 or 0.00183648 BTC on exchanges. Over the last week, Monero has traded 0.2% lower against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 1% lower against the dollar and now trades at $66,367.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.6% against the dollar and now trades at $0.16 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded down 4.3% against the dollar and now trades at $505.17 or 0.00761183 BTC.
• Litecoin (LTC) traded 1.4% lower against the dollar and now trades at $84.88 or 0.00127892 BTC.
• UNUS SED LEO (LEO) traded up 0.3% against the dollar and now trades at $5.76 or 0.00008686 BTC.
• Ethereum Classic (ETC) traded down 1.4% against the dollar and now trades at $28.15 or 0.00042416 BTC.
• Arweave (AR) traded down 4.2% against the dollar and now trades at $33.75 or 0.00050851 BTC.
• Bitcoin SV (BSV) traded 2.4% lower against the dollar and now trades at $71.47 or 0.00107686 BTC.
• eCash (XEC) traded 2.4% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded down 0.1% against the dollar and now trades at $0.25 or 0.00000383 BTC.

About Monero

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,427,550 coins. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. Monero’s official website is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board is forum.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 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 Coinbase, 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