Monero (XMR) Price Up 3.8% This Week

Monero (XMR) traded up 0.1% against the U.S. dollar during the 1 day period ending at 0:00 AM E.T. on April 7th. Monero has a total market cap of $2.44 billion and approximately $41.37 million worth of Monero was traded on exchanges in the last day. In the last seven days, Monero has traded up 3.8% against the U.S. dollar. One Monero coin can now be purchased for $132.59 or 0.00191328 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $69,298.69 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.1% higher against the dollar and now trades at $0.20 or 0.00000285 BTC.
• Bitcoin Cash (BCH) traded up 0.5% against the dollar and now trades at $689.49 or 0.00994959 BTC.
• Litecoin (LTC) traded 3% lower against the dollar and now trades at $101.13 or 0.00145934 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $5.79 or 0.00008355 BTC.
• Ethereum Classic (ETC) traded 3% lower against the dollar and now trades at $33.31 or 0.00048070 BTC.
• Arweave (AR) traded down 2.3% against the dollar and now trades at $33.25 or 0.00047982 BTC.
• Bitcoin SV (BSV) traded 0.6% lower against the dollar and now trades at $98.56 or 0.00142224 BTC.
• eCash (XEC) traded down 7.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded down 4% against the dollar and now trades at $0.35 or 0.00000505 BTC.

Monero Profile

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 18,420,739 coins. The official website for Monero is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.

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 possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView