Monero (XMR) Trading Down 27.2% This Week

Monero (XMR) traded 2.4% lower against the dollar during the 24-hour period ending at 10:00 AM ET on February 12th. During the last seven days, Monero has traded 27.2% lower against the dollar. Monero has a total market capitalization of $2.19 billion and $73.80 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for approximately $119.09 or 0.00243043 BTC on cryptocurrency exchanges.

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

  • Bitcoin (BTC) traded up 2.9% against the dollar and now trades at $48,998.63 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 1.3% lower against the dollar and now trades at $0.0807 or 0.00000165 BTC.
  • Bitcoin Cash (BCH) traded up 3.3% against the dollar and now trades at $283.50 or 0.00578578 BTC.
  • Litecoin (LTC) traded down 1.3% against the dollar and now trades at $71.26 or 0.00145430 BTC.
  • UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $4.14 or 0.00008441 BTC.
  • Ethereum Classic (ETC) traded 1% higher against the dollar and now trades at $26.11 or 0.00053294 BTC.
  • Bitcoin SV (BSV) traded up 1.4% against the dollar and now trades at $80.53 or 0.00164357 BTC.
  • NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
  • Conflux (CFX) traded down 2.1% against the dollar and now trades at $0.22 or 0.00000444 BTC.
  • IOTA (MIOTA) traded down 1.2% against the dollar and now trades at $0.25 or 0.00000511 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 18,396,778 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.

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 purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

Receive News & Updates for Monero Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Monero and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.