Monero (XMR) Trading 2.2% Lower Over Last Week

Monero (XMR) traded 2.1% lower against the dollar during the 24-hour period ending at 9:00 AM Eastern on April 2nd. One Monero coin can currently be bought for $328.68 or 0.00497324 BTC on major exchanges. Over the last week, Monero has traded 2.2% lower against the dollar. Monero has a market cap of $6.06 billion and $88.69 million worth of Monero was traded on exchanges in the last day.

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

• Arweave (AR) traded down 5.1% against the dollar and now trades at $1.65 or 0.00002504 BTC.
• Bitcoin (BTC) traded down 3.4% against the dollar and now trades at $66,061.66 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.5% against the dollar and now trades at $0.0894 or 0.00000135 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $10.02 or 0.00015167 BTC.
• Bitcoin Cash (BCH) traded down 3.8% against the dollar and now trades at $442.19 or 0.00669066 BTC.
• Litecoin (LTC) traded down 4.7% against the dollar and now trades at $51.68 or 0.00078191 BTC.
• Zcash (ZEC) traded 3.5% lower against the dollar and now trades at $233.80 or 0.00353749 BTC.
• Ethereum Classic (ETC) traded down 5.5% against the dollar and now trades at $7.85 or 0.00011885 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 0.9% against the dollar and now trades at $14.21 or 0.00021497 BTC.

Monero Profile

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 18,446,744 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. Monero’s official website is www.getmonero.org.

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”

Monero Coin Trading

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

XMR/USD price chart by TradingView