Monero (XMR) Trading Down 1.7% This Week

Monero (XMR) traded down 1.7% against the U.S. dollar during the one day period ending at 10:00 AM Eastern on August 3rd. One Monero coin can currently be purchased for $160.78 or 0.00259408 BTC on major exchanges. In the last seven days, Monero has traded down 1.7% against the U.S. dollar. Monero has a total market cap of $2.97 billion and approximately $94.40 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 4.2% lower against the dollar and now trades at $61,977.74 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.1% against the dollar and now trades at $0.11 or 0.00000184 BTC.
• Bitcoin Cash (BCH) traded down 6.9% against the dollar and now trades at $379.80 or 0.00612794 BTC.
• UNUS SED LEO (LEO) traded down 3.1% against the dollar and now trades at $5.67 or 0.00009143 BTC.
• Litecoin (LTC) traded down 2.6% against the dollar and now trades at $66.26 or 0.00106916 BTC.
• Ethereum Classic (ETC) traded down 3.5% against the dollar and now trades at $20.49 or 0.00033061 BTC.
• Arweave (AR) traded 6.1% lower against the dollar and now trades at $24.37 or 0.00039318 BTC.
• Bitcoin SV (BSV) traded down 7.2% against the dollar and now trades at $44.41 or 0.00071656 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 6.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Monero

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was 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. Monero’s official website 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 currently 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 GDAX. 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