Monero (XMR) Price Tops $132.19

Monero (XMR) traded up 3.6% against the U.S. dollar during the twenty-four hour period ending at 20:00 PM Eastern on May 8th. In the last seven days, Monero has traded up 6.6% against the U.S. dollar. Monero has a total market cap of $2.44 billion and approximately $36.71 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for approximately $132.19 or 0.00215500 BTC on popular cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 1.8% lower against the dollar and now trades at $61,343.41 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4% against the dollar and now trades at $0.14 or 0.00000235 BTC.
• Bitcoin Cash (BCH) traded down 4% against the dollar and now trades at $449.56 or 0.00732860 BTC.
• Litecoin (LTC) traded 1.5% higher against the dollar and now trades at $81.79 or 0.00133335 BTC.
• UNUS SED LEO (LEO) traded 1.4% higher against the dollar and now trades at $5.93 or 0.00009669 BTC.
• Ethereum Classic (ETC) traded up 0.2% against the dollar and now trades at $27.12 or 0.00044210 BTC.
• Arweave (AR) traded 1% lower against the dollar and now trades at $37.90 or 0.00061790 BTC.
• Bitcoin SV (BSV) traded 1.8% lower against the dollar and now trades at $62.15 or 0.00101310 BTC.
• eCash (XEC) traded 2.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded down 0.2% against the dollar and now trades at $0.21 or 0.00000342 BTC.

About Monero

Monero 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 18,433,962 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. 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.”

Monero Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView