Monero (XMR) Price Reaches $170.84 on Major Exchanges

Monero (XMR) traded down 0.2% against the U.S. dollar during the 24 hour period ending at 18:00 PM E.T. on September 16th. During the last seven days, Monero has traded 0.8% lower against the U.S. dollar. Monero has a total market cap of $3.15 billion and $59.22 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for approximately $170.84 or 0.00295186 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 2.5% lower against the dollar and now trades at $57,876.27 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.4% lower against the dollar and now trades at $0.0993 or 0.00000172 BTC.
• Bitcoin Cash (BCH) traded 2.4% lower against the dollar and now trades at $310.22 or 0.00536001 BTC.
• UNUS SED LEO (LEO) traded down 0.8% against the dollar and now trades at $5.69 or 0.00009829 BTC.
• Litecoin (LTC) traded 2.4% lower against the dollar and now trades at $62.34 or 0.00107707 BTC.
• Ethereum Classic (ETC) traded 1.5% lower against the dollar and now trades at $17.69 or 0.00030567 BTC.
• Arweave (AR) traded down 1.2% against the dollar and now trades at $18.84 or 0.00032552 BTC.
• Bitcoin SV (BSV) traded 2.3% lower against the dollar and now trades at $45.92 or 0.00079342 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Nervos Network (CKB) traded 5.2% lower against the dollar and now trades at $0.0157 or 0.00000027 BTC.

Monero Coin 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 18,446,744 coins. Monero’s official website is www.getmonero.org. The official message board for Monero is forum.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.

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 possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView