Monero (XMR) Price Reaches $417.47 on Top Exchanges

Monero (XMR) traded up 0.8% against the dollar during the 1-day period ending at 9:00 AM E.T. on August 20th. One Monero coin can currently be purchased for approximately $417.47 or 0.00580320 BTC on major exchanges. Monero has a market capitalization of $7.85 billion and approximately $119.68 million worth of Monero was traded on exchanges in the last 24 hours. Over the last seven days, Monero has traded up 3.2% against the dollar.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded up 8% against the dollar and now trades at $1.91 or 0.00002666 BTC.
• Bitcoin (BTC) traded 10.8% higher against the dollar and now trades at $71,937.47 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 9.6% against the dollar and now trades at $0.0773 or 0.00000107 BTC.
• Zcash (ZEC) traded 11.4% higher against the dollar and now trades at $570.39 or 0.00792894 BTC.
• UNUS SED LEO (LEO) traded 2.2% higher against the dollar and now trades at $9.26 or 0.00012874 BTC.
• Bitcoin Cash (BCH) traded up 5.9% against the dollar and now trades at $216.66 or 0.00301175 BTC.
• Litecoin (LTC) traded 5.6% higher against the dollar and now trades at $47.41 or 0.00065900 BTC.
• Ethereum Classic (ETC) traded up 10.3% against the dollar and now trades at $6.74 or 0.00009367 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 9.6% higher against the dollar and now trades at $15.84 or 0.00022025 BTC.

Monero Profile

Monero (XMR) 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 18,793,768 coins. 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. The official website for Monero is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here.

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

XMR/USD price chart by TradingView