Monero Trading 5.8% Lower This Week (XMR)

Monero (XMR) traded 0.5% higher against the US dollar during the 24 hour period ending at 10:00 AM ET on April 11th. During the last seven days, Monero has traded 5.8% lower against the US dollar. One Monero coin can currently be bought for $202.30 or 0.00244607 BTC on popular exchanges. Monero has a total market capitalization of $3.73 billion and approximately $54.99 million worth of Monero was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Arweave (AR) traded up 2.3% against the dollar and now trades at $5.37 or 0.00006497 BTC.
• Bitcoin (BTC) traded 0.4% higher against the dollar and now trades at $82,705.52 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.2% against the dollar and now trades at $0.16 or 0.00000191 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $9.41 or 0.00011380 BTC.
• Bitcoin Cash (BCH) traded 3.5% higher against the dollar and now trades at $301.82 or 0.00364937 BTC.
• Litecoin (LTC) traded 3.8% higher against the dollar and now trades at $76.08 or 0.00091991 BTC.
• Ethereum Classic (ETC) traded 2.2% higher against the dollar and now trades at $14.96 or 0.00018088 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded up 2.2% against the dollar and now trades at $0.16 or 0.00000194 BTC.
• Zcash (ZEC) traded up 14.3% against the dollar and now trades at $36.50 or 0.00044127 BTC.

About Monero

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. The official website for Monero is www.getmonero.org. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. The official message board for Monero is forum.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)”

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 GDAX, Gemini or Changelly. 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