Monero Trading 5.4% Higher This Week (XMR)

Monero (XMR) traded up 0.9% against the US dollar during the 1-day period ending at 13:00 PM Eastern on May 6th. In the last week, Monero has traded up 5.4% against the US dollar. Monero has a market cap of $2.41 billion and $59.45 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for approximately $130.60 or 0.00206269 BTC on major exchanges.

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

• Bitcoin (BTC) traded down 1.6% against the dollar and now trades at $63,316.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.1% against the dollar and now trades at $0.16 or 0.00000247 BTC.
• Bitcoin Cash (BCH) traded up 2.7% against the dollar and now trades at $482.29 or 0.00761708 BTC.
• Litecoin (LTC) traded 0.3% higher against the dollar and now trades at $81.78 or 0.00129160 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $5.82 or 0.00009197 BTC.
• Ethereum Classic (ETC) traded down 0.9% against the dollar and now trades at $27.40 or 0.00043278 BTC.
• Arweave (AR) traded down 3.1% against the dollar and now trades at $39.90 or 0.00063020 BTC.
• Bitcoin SV (BSV) traded down 0.9% against the dollar and now trades at $64.72 or 0.00102214 BTC.
• eCash (XEC) traded down 2.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded 4.1% lower against the dollar and now trades at $0.22 or 0.00000351 BTC.

Monero Coin 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 18,433,078 coins. Monero’s official website is www.getmonero.org. 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 Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed 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 possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView