Monero (XMR) Trading Up 15% This Week

Monero (XMR) traded up 3.4% against the US dollar during the 1 day period ending at 9:00 AM Eastern on August 28th. One Monero coin can currently be purchased for approximately $475.58 or 0.00598627 BTC on cryptocurrency exchanges. Over the last week, Monero has traded up 15% against the US dollar. Monero has a market cap of $8.94 billion and approximately $125.98 million worth of Monero was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded 2.7% lower against the dollar and now trades at $2.12 or 0.00002673 BTC.
• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $79,445.26 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1% against the dollar and now trades at $0.0869 or 0.00000109 BTC.
• Zcash (ZEC) traded 2% higher against the dollar and now trades at $796.97 or 0.01003168 BTC.
• UNUS SED LEO (LEO) traded up 1.3% against the dollar and now trades at $9.45 or 0.00011891 BTC.
• Bitcoin Cash (BCH) traded down 1.6% against the dollar and now trades at $263.75 or 0.00331995 BTC.
• Litecoin (LTC) traded down 1.3% against the dollar and now trades at $49.06 or 0.00061748 BTC.
• Ethereum Classic (ETC) traded down 1.6% against the dollar and now trades at $7.68 or 0.00009661 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 0.8% lower against the dollar and now trades at $16.80 or 0.00021145 BTC.

Monero Profile

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 18,797,213 coins. Monero’s official message board 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. The official website for Monero is www.getmonero.org. 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)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Monero Coin Trading

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

XMR/USD price chart by TradingView