Monero (XMR) Trading Down 2% Over Last 7 Days

Monero (XMR) traded 2.3% lower against the U.S. dollar during the 1-day period ending at 9:00 AM ET on September 9th. One Monero coin can currently be purchased for about $496.89 or 0.00624394 BTC on exchanges. Monero has a total market cap of $9.34 billion and $119.19 million worth of Monero was traded on exchanges in the last 24 hours. In the last seven days, Monero has traded 2% lower against the U.S. dollar.

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

• Arweave (AR) traded down 2.3% against the dollar and now trades at $2.85 or 0.00003583 BTC.
• Bitcoin (BTC) traded 2.1% higher against the dollar and now trades at $79,580.32 or 1.00000000 BTC.
• Zcash (ZEC) traded up 9% against the dollar and now trades at $1,264.01 or 0.01588339 BTC.
• Dogecoin (DOGE) traded up 2.4% against the dollar and now trades at $0.0914 or 0.00000115 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $9.18 or 0.00011540 BTC.
• Bitcoin Cash (BCH) traded 1.4% higher against the dollar and now trades at $259.61 or 0.00326223 BTC.
• Litecoin (LTC) traded down 2.1% against the dollar and now trades at $54.21 or 0.00068120 BTC.
• Ethereum Classic (ETC) traded up 1.5% against the dollar and now trades at $8.35 or 0.00010489 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 0.8% against the dollar and now trades at $17.06 or 0.00021433 BTC.

About Monero

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 18,802,391 coins. 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. 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 purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView