Monero (XMR) Trading 0.8% Higher This Week

Monero (XMR) traded up 2.6% against the dollar during the 1-day period ending at 23:00 PM Eastern on November 1st. Monero has a market capitalization of $2.93 billion and $62.56 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for approximately $159.05 or 0.00228016 BTC on exchanges. In the last seven days, Monero has traded up 0.8% against the dollar.

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

• Bitcoin (BTC) traded 0.8% higher against the dollar and now trades at $69,753.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2% against the dollar and now trades at $0.16 or 0.00000233 BTC.
• Bitcoin Cash (BCH) traded 0.4% higher against the dollar and now trades at $351.78 or 0.00504320 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.05 or 0.00008668 BTC.
• Litecoin (LTC) traded 3% higher against the dollar and now trades at $70.92 or 0.00101673 BTC.
• Ethereum Classic (ETC) traded up 0.4% against the dollar and now trades at $18.57 or 0.00026622 BTC.
• Bitcoin SV (BSV) traded 1.1% lower against the dollar and now trades at $49.98 or 0.00071650 BTC.
• Arweave (AR) traded 2.1% lower against the dollar and now trades at $14.95 or 0.00021426 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 0.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero 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. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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 presently 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 Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView