Monero (XMR) Price Hits $346.39 on Major Exchanges

Monero (XMR) traded down 0.5% against the U.S. dollar during the twenty-four hour period ending at 9:00 AM Eastern on April 18th. Monero has a market capitalization of $6.39 billion and approximately $122.71 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded up 2.3% against the U.S. dollar. One Monero coin can currently be purchased for about $346.39 or 0.00454667 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded 4% lower against the dollar and now trades at $2.04 or 0.00002679 BTC.
• Bitcoin (BTC) traded 0.2% lower against the dollar and now trades at $76,187.75 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4% against the dollar and now trades at $0.0961 or 0.00000126 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $10.15 or 0.00013318 BTC.
• Bitcoin Cash (BCH) traded 1.1% lower against the dollar and now trades at $446.44 or 0.00585989 BTC.
• Zcash (ZEC) traded 4.6% lower against the dollar and now trades at $324.95 or 0.00426522 BTC.
• Litecoin (LTC) traded 1.1% lower against the dollar and now trades at $56.03 or 0.00073547 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $8.58 or 0.00011262 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1.4% lower against the dollar and now trades at $16.05 or 0.00021071 BTC.

Monero Profile

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

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

XMR/USD price chart by TradingView