Monero (XMR) Price Reaches $390.65 on Major Exchanges

Monero (XMR) traded 0.8% lower against the US dollar during the twenty-four hour period ending at 9:00 AM Eastern on May 4th. Over the last week, Monero has traded up 0.2% against the US dollar. One Monero coin can currently be bought for approximately $390.65 or 0.00494867 BTC on major cryptocurrency exchanges. Monero has a total market cap of $7.21 billion and approximately $130.97 million worth of Monero was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• Arweave (AR) traded up 4.1% against the dollar and now trades at $2.17 or 0.00002753 BTC.
• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $78,940.71 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2% against the dollar and now trades at $0.11 or 0.00000141 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $10.32 or 0.00013078 BTC.
• Bitcoin Cash (BCH) traded down 0.4% against the dollar and now trades at $445.05 or 0.00563784 BTC.
• Zcash (ZEC) traded up 3.2% against the dollar and now trades at $414.93 or 0.00525618 BTC.
• Litecoin (LTC) traded 0% higher against the dollar and now trades at $55.23 or 0.00069968 BTC.
• Ethereum Classic (ETC) traded up 2.7% against the dollar and now trades at $8.69 or 0.00011004 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 0.4% lower against the dollar and now trades at $15.77 or 0.00019980 BTC.

Monero Coin 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. The official message board for Monero 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. Monero’s official website 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 currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView