Monero (XMR) Price Reaches $546.99 on Major Exchanges

Monero (XMR) traded 3.8% higher against the U.S. dollar during the 1-day period ending at 9:00 AM Eastern on September 5th. One Monero coin can now be purchased for about $546.99 or 0.00686264 BTC on cryptocurrency exchanges. Monero has a total market cap of $10.28 billion and $132.93 million worth of Monero was traded on exchanges in the last 24 hours. Over the last seven days, Monero has traded up 17.1% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded up 13% against the dollar and now trades at $2.86 or 0.00003584 BTC.
• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $79,705.96 or 1.00000000 BTC.
• Zcash (ZEC) traded 2.9% higher against the dollar and now trades at $1,014.08 or 0.01272272 BTC.
• Dogecoin (DOGE) traded 2.8% higher against the dollar and now trades at $0.0874 or 0.00000110 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $9.26 or 0.00011618 BTC.
• Bitcoin Cash (BCH) traded down 0.8% against the dollar and now trades at $249.46 or 0.00312980 BTC.
• Litecoin (LTC) traded 6.2% higher against the dollar and now trades at $53.58 or 0.00067226 BTC.
• Ethereum Classic (ETC) traded 5.3% higher against the dollar and now trades at $7.78 or 0.00009756 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 3.6% higher against the dollar and now trades at $16.91 or 0.00021220 BTC.

Monero Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was April 18th, 2014. Monero’s total supply is 18,800,684 coins. The official message board for Monero 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. The official website for Monero 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 possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView