Monero (XMR) Price Up 0.7% Over Last Week

Monero (XMR) traded up 1% against the US dollar during the 1-day period ending at 8:00 AM Eastern on October 24th. Monero has a market capitalization of $2.89 billion and approximately $44.92 million worth of Monero was traded on exchanges in the last 24 hours. During the last seven days, Monero has traded 0.7% higher against the US dollar. One Monero coin can now be bought for $156.49 or 0.00232419 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.6% higher against the dollar and now trades at $67,330.50 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.8% higher against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded 1.9% higher against the dollar and now trades at $355.85 or 0.00528518 BTC.
• UNUS SED LEO (LEO) traded up 1.3% against the dollar and now trades at $6.14 or 0.00009124 BTC.
• Litecoin (LTC) traded up 1.4% against the dollar and now trades at $69.80 or 0.00103669 BTC.
• Ethereum Classic (ETC) traded 0.2% lower against the dollar and now trades at $18.68 or 0.00027744 BTC.
• Arweave (AR) traded up 1% against the dollar and now trades at $18.08 or 0.00026848 BTC.
• Bitcoin SV (BSV) traded 1.2% higher against the dollar and now trades at $47.49 or 0.00070531 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 0.6% lower against the dollar and now trades at $0.15 or 0.00000225 BTC.

About Monero

Monero 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 website is www.getmonero.org. 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.

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 buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView