Monero (XMR) Trading Down 13.5% This Week

Monero (XMR) traded down 5.4% against the US dollar during the 24 hour period ending at 8:00 AM E.T. on April 18th. One Monero coin can now be bought for $114.91 or 0.00185455 BTC on popular cryptocurrency exchanges. Over the last week, Monero has traded down 13.5% against the US dollar. Monero has a market cap of $2.12 billion and $58.15 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $61,958.67 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4% against the dollar and now trades at $0.15 or 0.00000237 BTC.
• Bitcoin Cash (BCH) traded 3.5% higher against the dollar and now trades at $480.37 or 0.00775301 BTC.
• Litecoin (LTC) traded up 4.1% against the dollar and now trades at $80.64 or 0.00130159 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $5.86 or 0.00009456 BTC.
• Ethereum Classic (ETC) traded 0.5% higher against the dollar and now trades at $25.79 or 0.00041618 BTC.
• Arweave (AR) traded 1.4% higher against the dollar and now trades at $24.26 or 0.00039156 BTC.
• Bitcoin SV (BSV) traded up 1.6% against the dollar and now trades at $66.10 or 0.00106692 BTC.
• eCash (XEC) traded 0.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded 1.3% higher against the dollar and now trades at $0.23 or 0.00000370 BTC.

Monero Coin 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 18,425,168 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website is www.getmonero.org. Monero’s official message board 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.

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

XMR/USD price chart by TradingView