Monero Price Tops $116.46 on Major Exchanges (XMR)

Monero (XMR) traded down 5.1% against the dollar during the 24-hour period ending at 21:00 PM ET on April 17th. One Monero coin can currently be bought for about $116.46 or 0.00189759 BTC on popular cryptocurrency exchanges. Monero has a total market cap of $2.15 billion and $56.70 million worth of Monero was traded on exchanges in the last 24 hours. During the last week, Monero has traded down 13.8% against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 4% against the dollar and now trades at $61,428.88 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 6.7% against the dollar and now trades at $0.15 or 0.00000239 BTC.
• Bitcoin Cash (BCH) traded down 5.4% against the dollar and now trades at $462.00 or 0.00752771 BTC.
• Litecoin (LTC) traded down 0.5% against the dollar and now trades at $79.83 or 0.00130066 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $5.85 or 0.00009533 BTC.
• Ethereum Classic (ETC) traded 3.9% lower against the dollar and now trades at $25.35 or 0.00041304 BTC.
• Arweave (AR) traded down 2.6% against the dollar and now trades at $24.46 or 0.00039858 BTC.
• Bitcoin SV (BSV) traded 3.8% lower against the dollar and now trades at $64.60 or 0.00105252 BTC.
• eCash (XEC) traded 6.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Nervos Network (CKB) traded down 6.5% against the dollar and now trades at $0.0209 or 0.00000034 BTC.

About Monero

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 18,424,977 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 currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView