Monero (XMR) Price Tops $359.25 on Exchanges

Monero (XMR) traded 1.3% higher against the U.S. dollar during the one day period ending at 12:00 PM ET on March 13th. During the last week, Monero has traded up 0.6% against the U.S. dollar. Monero has a total market cap of $6.63 billion and $74.72 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for about $359.25 or 0.00496576 BTC on exchanges.

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

• Arweave (AR) traded up 10.1% against the dollar and now trades at $1.97 or 0.00002716 BTC.
• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $72,376.02 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 5.4% against the dollar and now trades at $0.0987 or 0.00000136 BTC.
• Bitcoin Cash (BCH) traded up 2.6% against the dollar and now trades at $469.75 or 0.00649313 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $9.07 or 0.00012530 BTC.
• Litecoin (LTC) traded 2.5% higher against the dollar and now trades at $55.89 or 0.00077258 BTC.
• Zcash (ZEC) traded up 2.3% against the dollar and now trades at $216.61 or 0.00299408 BTC.
• Ethereum Classic (ETC) traded 3.6% higher against the dollar and now trades at $8.53 or 0.00011785 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1.6% higher against the dollar and now trades at $15.04 or 0.00020784 BTC.

Monero Coin Profile

XMR 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 18,446,744 coins. Monero’s official message board 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 is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity. Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions. Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Buying and Selling Monero

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