Monero (XMR) Price Tops $516.49 on Major Exchanges

Monero (XMR) traded down 0.4% against the US dollar during the 1-day period ending at 9:00 AM E.T. on September 1st. One Monero coin can now be bought for about $516.49 or 0.00662483 BTC on popular exchanges. Over the last seven days, Monero has traded 17.4% higher against the US dollar. Monero has a market cap of $9.71 billion and $158.63 million worth of Monero was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded up 6.9% against the dollar and now trades at $2.21 or 0.00002838 BTC.
• Bitcoin (BTC) traded down 0% against the dollar and now trades at $77,962.54 or 1.00000000 BTC.
• Zcash (ZEC) traded up 3.1% against the dollar and now trades at $847.58 or 0.01087164 BTC.
• Dogecoin (DOGE) traded 0.2% higher against the dollar and now trades at $0.0827 or 0.00000106 BTC.
• UNUS SED LEO (LEO) traded down 2.3% against the dollar and now trades at $9.41 or 0.00012065 BTC.
• Bitcoin Cash (BCH) traded up 0.4% against the dollar and now trades at $247.04 or 0.00316875 BTC.
• Litecoin (LTC) traded 1.5% higher against the dollar and now trades at $49.17 or 0.00063063 BTC.
• Ethereum Classic (ETC) traded 0.1% lower against the dollar and now trades at $7.25 or 0.00009300 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 0.4% against the dollar and now trades at $15.77 or 0.00020222 BTC.

About Monero

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 18,798,950 coins. Monero’s official website is www.getmonero.org. 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 Twitter account is @monero and its Facebook page is accessible 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.”

Monero Coin Trading

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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