Monero Trading 4.7% Higher Over Last Week (XMR)

Monero (XMR) traded 0.5% lower against the US dollar during the 1-day period ending at 8:00 AM ET on July 23rd. Monero has a total market cap of $6.51 billion and approximately $70.23 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded 4.7% higher against the US dollar. One Monero coin can currently be purchased for about $346.64 or 0.00532699 BTC on exchanges.

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

• Arweave (AR) traded down 0.6% against the dollar and now trades at $1.88 or 0.00002882 BTC.
• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $65,072.70 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.6% lower against the dollar and now trades at $0.0712 or 0.00000109 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $9.72 or 0.00014944 BTC.
• Zcash (ZEC) traded down 0.5% against the dollar and now trades at $510.81 or 0.00784979 BTC.
• Bitcoin Cash (BCH) traded 2.7% lower against the dollar and now trades at $215.45 or 0.00331090 BTC.
• Litecoin (LTC) traded up 0.8% against the dollar and now trades at $46.97 or 0.00072181 BTC.
• Ethereum Classic (ETC) traded 0.2% higher against the dollar and now trades at $6.95 or 0.00010685 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 0.2% against the dollar and now trades at $13.56 or 0.00020845 BTC.

Monero Profile

Monero (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 18,781,709 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. Monero’s official message board is forum.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)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Buying and Selling Monero

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

XMR/USD price chart by TradingView