Monero Price Tops $150.84 on Exchanges (XMR)

Monero (XMR) traded 3.6% higher against the dollar during the twenty-four hour period ending at 21:00 PM Eastern on August 5th. During the last seven days, Monero has traded 6% lower against the dollar. Monero has a market cap of $2.78 billion and approximately $148.31 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for about $150.84 or 0.00268330 BTC on popular exchanges.

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

• Bitcoin (BTC) traded 0.9% higher against the dollar and now trades at $56,213.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.2% against the dollar and now trades at $0.0998 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded 1.5% higher against the dollar and now trades at $327.33 or 0.00582300 BTC.
• UNUS SED LEO (LEO) traded up 0.7% against the dollar and now trades at $5.70 or 0.00010132 BTC.
• Litecoin (LTC) traded 0.9% lower against the dollar and now trades at $58.63 or 0.00104306 BTC.
• Ethereum Classic (ETC) traded 2.7% higher against the dollar and now trades at $18.41 or 0.00032751 BTC.
• Arweave (AR) traded 2.4% higher against the dollar and now trades at $20.75 or 0.00036918 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 0.1% against the dollar and now trades at $37.68 or 0.00067027 BTC.
• eCash (XEC) traded 0.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

Monero (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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official website for Monero is www.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 message board for Monero is forum.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 possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView