Monero Trading 3.1% Lower Over Last Week (XMR)

Monero (XMR) traded 2.4% lower against the US dollar during the 24 hour period ending at 10:00 AM ET on January 13th. One Monero coin can currently be bought for approximately $199.69 or 0.00216135 BTC on major exchanges. Over the last seven days, Monero has traded 3.1% lower against the US dollar. Monero has a total market cap of $3.68 billion and $70.66 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 2.8% lower against the dollar and now trades at $92,392.29 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.2% against the dollar and now trades at $0.33 or 0.00000353 BTC.
• UNUS SED LEO (LEO) traded down 1% against the dollar and now trades at $9.23 or 0.00009987 BTC.
• Bitcoin Cash (BCH) traded down 7.3% against the dollar and now trades at $417.96 or 0.00452381 BTC.
• Litecoin (LTC) traded down 5.7% against the dollar and now trades at $96.83 or 0.00104807 BTC.
• Ethereum Classic (ETC) traded 5.6% lower against the dollar and now trades at $24.01 or 0.00025990 BTC.
• IOTA (MIOTA) traded down 5.5% against the dollar and now trades at $0.32 or 0.00000342 BTC.
• Bitcoin SV (BSV) traded down 6.9% against the dollar and now trades at $52.77 or 0.00057115 BTC.
• Arweave (AR) traded 5.9% lower against the dollar and now trades at $14.84 or 0.00016065 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Monero Profile

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

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 currently 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 Changelly, GDAX or Coinbase. 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