Monero (XMR) Price Tops $434.93

Monero (XMR) traded 1.7% higher against the U.S. dollar during the one day period ending at 8:00 AM ET on January 4th. In the last week, Monero has traded down 2.4% against the U.S. dollar. Monero has a total market capitalization of $8.02 billion and approximately $60.61 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for approximately $434.93 or 0.00477169 BTC on exchanges.

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

• Arweave (AR) traded 3% higher against the dollar and now trades at $3.97 or 0.00004355 BTC.
• Bitcoin (BTC) traded up 1.4% against the dollar and now trades at $91,147.61 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 7.1% higher against the dollar and now trades at $0.15 or 0.00000168 BTC.
• Bitcoin Cash (BCH) traded 0.7% higher against the dollar and now trades at $640.15 or 0.00702322 BTC.
• UNUS SED LEO (LEO) traded down 3.1% against the dollar and now trades at $8.94 or 0.00009813 BTC.
• Zcash (ZEC) traded down 3.1% against the dollar and now trades at $498.20 or 0.00546582 BTC.
• Litecoin (LTC) traded 1.1% higher against the dollar and now trades at $82.45 or 0.00090453 BTC.
• Ethereum Classic (ETC) traded up 3% against the dollar and now trades at $12.80 or 0.00014046 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded up 7.2% against the dollar and now trades at $0.10 or 0.00000110 BTC.

About Monero

Monero (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 18,446,744 coins. 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here.

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)”

Monero Coin Trading

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

XMR/USD price chart by TradingView