Monero (XMR) Price Reaches $126.11 on Major Exchanges

Monero (XMR) traded 3.4% higher against the US dollar during the one day period ending at 23:00 PM Eastern on February 12th. During the last seven days, Monero has traded down 24.2% against the US dollar. Monero has a total market cap of $2.32 billion and $108.64 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for approximately $126.11 or 0.00252597 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last day:

  • Bitcoin (BTC) traded up 3.7% against the dollar and now trades at $49,924.22 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 2.1% higher against the dollar and now trades at $0.0821 or 0.00000164 BTC.
  • Bitcoin Cash (BCH) traded 1.9% higher against the dollar and now trades at $277.46 or 0.00555753 BTC.
  • Litecoin (LTC) traded 1.3% higher against the dollar and now trades at $72.07 or 0.00144361 BTC.
  • Ethereum Classic (ETC) traded up 4% against the dollar and now trades at $26.77 or 0.00053629 BTC.
  • UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $4.09 or 0.00008190 BTC.
  • Bitcoin SV (BSV) traded up 3.3% against the dollar and now trades at $81.37 or 0.00162985 BTC.
  • Conflux (CFX) traded 3.6% higher against the dollar and now trades at $0.23 or 0.00000454 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
  • IOTA (MIOTA) traded 3.4% higher against the dollar and now trades at $0.26 or 0.00000518 BTC.

About Monero

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,397,035 coins. Monero’s official message board is forum.getmonero.org. 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 Twitter account is @monero and its Facebook page is accessible 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 presently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

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