Monero Price Tops $159.91 on Major Exchanges (XMR)

Monero (XMR) traded up 1.6% against the US dollar during the one day period ending at 16:00 PM Eastern on October 26th. Over the last week, Monero has traded down 1.3% against the US dollar. One Monero coin can now be bought for about $159.91 or 0.00237855 BTC on popular exchanges. Monero has a market capitalization of $2.95 billion and $43.78 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 up 0.7% against the dollar and now trades at $67,230.33 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.4% higher against the dollar and now trades at $0.14 or 0.00000204 BTC.
• Bitcoin Cash (BCH) traded 2.7% lower against the dollar and now trades at $351.06 or 0.00522172 BTC.
• UNUS SED LEO (LEO) traded down 1% against the dollar and now trades at $5.99 or 0.00008915 BTC.
• Litecoin (LTC) traded 2.9% lower against the dollar and now trades at $68.63 or 0.00102075 BTC.
• Ethereum Classic (ETC) traded 3.1% lower against the dollar and now trades at $18.26 or 0.00027161 BTC.
• Arweave (AR) traded 8.1% lower against the dollar and now trades at $16.20 or 0.00024089 BTC.
• Bitcoin SV (BSV) traded down 3.5% against the dollar and now trades at $45.47 or 0.00067627 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 1.8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

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 18,446,744 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website is www.getmonero.org. The 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.

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.”

Buying and Selling Monero

It is usually not possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. 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