Monero Price Up 11.1% This Week (XMR)

Monero (XMR) traded up 2.7% against the U.S. dollar during the one day period ending at 9:00 AM ET on April 22nd. Monero has a total market cap of $6.98 billion and $178.90 million worth of Monero was traded on exchanges in the last day. During the last week, Monero has traded up 11.1% against the U.S. dollar. One Monero coin can now be purchased for approximately $378.35 or 0.00483358 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Arweave (AR) traded up 1.8% against the dollar and now trades at $2.08 or 0.00002659 BTC.
• Bitcoin (BTC) traded 3.3% higher against the dollar and now trades at $78,276.03 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.8% higher against the dollar and now trades at $0.0976 or 0.00000125 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $10.38 or 0.00013257 BTC.
• Bitcoin Cash (BCH) traded up 4.7% against the dollar and now trades at $465.06 or 0.00594132 BTC.
• Zcash (ZEC) traded down 3.4% against the dollar and now trades at $317.72 or 0.00405894 BTC.
• Litecoin (LTC) traded up 1.5% against the dollar and now trades at $56.15 or 0.00071735 BTC.
• Ethereum Classic (ETC) traded up 2.9% against the dollar and now trades at $8.68 or 0.00011095 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 2.1% higher against the dollar and now trades at $16.30 or 0.00020821 BTC.

About Monero

Monero (CRYPTO: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. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.getmonero.org. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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.”

Buying and Selling Monero

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 Coinbase, GDAX or Gemini. 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