Monero (XMR) Price Hits $117.74 on Top Exchanges

Monero (XMR) traded 3% higher against the dollar during the 1 day period ending at 10:00 AM Eastern on April 19th. Over the last week, Monero has traded down 12% against the dollar. Monero has a market cap of $2.17 billion and approximately $49.76 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for about $117.74 or 0.00181420 BTC on major exchanges.

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

• Bitcoin (BTC) traded 0.9% higher against the dollar and now trades at $65,061.03 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.5% higher against the dollar and now trades at $0.15 or 0.00000236 BTC.
• Bitcoin Cash (BCH) traded 1.1% higher against the dollar and now trades at $481.29 or 0.00741603 BTC.
• Litecoin (LTC) traded up 0.4% against the dollar and now trades at $81.39 or 0.00125411 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $5.83 or 0.00008986 BTC.
• Ethereum Classic (ETC) traded up 2.3% against the dollar and now trades at $26.20 or 0.00040376 BTC.
• Arweave (AR) traded up 14.2% against the dollar and now trades at $27.57 or 0.00042486 BTC.
• Bitcoin SV (BSV) traded 1.6% higher against the dollar and now trades at $66.55 or 0.00102543 BTC.
• eCash (XEC) traded up 4.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded up 4.3% against the dollar and now trades at $0.24 or 0.00000365 BTC.

Monero Profile

Monero (CRYPTO:XMR) 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 18,425,653 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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. The official website for Monero is www.getmonero.org.

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.”

Buying and Selling Monero

It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView