Monero Price Hits $277.90 on Top Exchanges (XMR)

Monero (XMR) traded up 0.1% against the U.S. dollar during the 24-hour period ending at 11:00 AM Eastern on May 5th. Over the last week, Monero has traded up 8.4% against the U.S. dollar. Monero has a total market cap of $5.13 billion and approximately $123.37 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for approximately $277.90 or 0.00296225 BTC on popular exchanges.

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

• Arweave (AR) traded 3.4% lower against the dollar and now trades at $6.94 or 0.00007393 BTC.
• Bitcoin (BTC) traded down 2.1% against the dollar and now trades at $93,696.66 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.3% lower against the dollar and now trades at $0.17 or 0.00000182 BTC.
• UNUS SED LEO (LEO) traded 5.4% lower against the dollar and now trades at $8.64 or 0.00009211 BTC.
• Bitcoin Cash (BCH) traded 1.8% lower against the dollar and now trades at $351.88 or 0.00375083 BTC.
• Litecoin (LTC) traded 0% lower against the dollar and now trades at $86.71 or 0.00092431 BTC.
• Ethereum Classic (ETC) traded down 2.6% against the dollar and now trades at $15.91 or 0.00016964 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 4.5% lower against the dollar and now trades at $0.20 or 0.00000216 BTC.
• Bitcoin SV (BSV) traded down 0.3% against the dollar and now trades at $36.69 or 0.00039106 BTC.

Monero Profile

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 18,446,744 coins. The official website for Monero is www.getmonero.org. 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here.

According to CryptoCompare, “Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)”

Monero Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. 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