Monero (XMR) Trading 2.7% Lower Over Last Week

Monero (XMR) traded down 0.2% against the US dollar during the one day period ending at 23:00 PM E.T. on November 5th. Monero has a market capitalization of $2.94 billion and $57.40 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be bought for $159.46 or 0.00214581 BTC on popular exchanges. Over the last week, Monero has traded down 2.7% against the US dollar.

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

• Bitcoin (BTC) traded up 9% against the dollar and now trades at $74,313.74 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 30.4% higher against the dollar and now trades at $0.21 or 0.00000285 BTC.
• Bitcoin Cash (BCH) traded 9.8% higher against the dollar and now trades at $363.87 or 0.00489642 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $6.05 or 0.00008139 BTC.
• Litecoin (LTC) traded up 3.9% against the dollar and now trades at $68.93 or 0.00092760 BTC.
• Ethereum Classic (ETC) traded up 7.2% against the dollar and now trades at $19.12 or 0.00025726 BTC.
• Bitcoin SV (BSV) traded 10.6% higher against the dollar and now trades at $50.50 or 0.00067962 BTC.
• Arweave (AR) traded up 11.2% against the dollar and now trades at $14.63 or 0.00019693 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded up 9.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board 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.”

Monero Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini 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