Monero (XMR) Trading 11.4% Lower This Week

Monero (XMR) traded 7.7% lower against the U.S. dollar during the 1 day period ending at 11:00 AM ET on March 10th. Monero has a market cap of $3.73 billion and approximately $68.12 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for approximately $202.42 or 0.00253151 BTC on major cryptocurrency exchanges. In the last seven days, Monero has traded 11.4% lower against the U.S. dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded down 12% against the dollar and now trades at $5.94 or 0.00007428 BTC.
• Bitcoin (BTC) traded 3.7% lower against the dollar and now trades at $79,959.38 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 7.9% against the dollar and now trades at $0.17 or 0.00000208 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $9.85 or 0.00012317 BTC.
• Bitcoin Cash (BCH) traded 4.1% lower against the dollar and now trades at $354.21 or 0.00442987 BTC.
• Litecoin (LTC) traded 7.3% lower against the dollar and now trades at $92.39 or 0.00115547 BTC.
• Ethereum Classic (ETC) traded 5.9% lower against the dollar and now trades at $17.79 or 0.00022246 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded down 3.1% against the dollar and now trades at $0.18 or 0.00000223 BTC.
• Bitcoin SV (BSV) traded 3.1% lower against the dollar and now trades at $32.66 or 0.00040845 BTC.

Monero Coin Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch 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 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. Monero’s official message board is forum.getmonero.org.

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.”

Monero Coin Trading

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 Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView