Monero (XMR) Price Down 16.6% This Week

Monero (XMR) traded down 12.3% against the dollar during the one day period ending at 8:00 AM E.T. on January 20th. In the last seven days, Monero has traded 16.6% lower against the dollar. One Monero coin can currently be bought for about $545.83 or 0.00601024 BTC on popular exchanges. Monero has a total market capitalization of $10.07 billion and approximately $278.67 million worth of Monero was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Arweave (AR) traded down 3.1% against the dollar and now trades at $3.64 or 0.00004005 BTC.
• Bitcoin (BTC) traded 2.3% lower against the dollar and now trades at $90,816.77 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.2% lower against the dollar and now trades at $0.12 or 0.00000138 BTC.
• Bitcoin Cash (BCH) traded down 3.3% against the dollar and now trades at $570.24 or 0.00627904 BTC.
• UNUS SED LEO (LEO) traded 2.6% lower against the dollar and now trades at $8.71 or 0.00009594 BTC.
• Zcash (ZEC) traded down 2.8% against the dollar and now trades at $359.33 or 0.00395664 BTC.
• Litecoin (LTC) traded down 0.5% against the dollar and now trades at $69.43 or 0.00076455 BTC.
• Ethereum Classic (ETC) traded 1% lower against the dollar and now trades at $11.76 or 0.00012945 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 1.3% lower against the dollar and now trades at $0.0720 or 0.00000079 BTC.

About Monero

Monero 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 18,446,744 coins. The official message board for Monero is forum.getmonero.org. Monero’s official website is www.getmonero.org. 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.

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.”

Buying and Selling Monero

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

XMR/USD price chart by TradingView