Monero (XMR) Price Hits $121.32 on Major Exchanges

Monero (XMR) traded down 4.3% against the US dollar during the one day period ending at 0:00 AM Eastern on April 30th. In the last week, Monero has traded 0.1% higher against the US dollar. One Monero coin can currently be purchased for $121.32 or 0.00201456 BTC on major exchanges. Monero has a total market capitalization of $2.24 billion and approximately $51.05 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 5.3% against the dollar and now trades at $60,220.56 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 8% lower against the dollar and now trades at $0.13 or 0.00000220 BTC.
• Bitcoin Cash (BCH) traded down 7% against the dollar and now trades at $430.42 or 0.00714747 BTC.
• Litecoin (LTC) traded 4.7% lower against the dollar and now trades at $79.38 or 0.00131823 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.85 or 0.00009714 BTC.
• Ethereum Classic (ETC) traded down 7.9% against the dollar and now trades at $25.34 or 0.00042086 BTC.
• Arweave (AR) traded down 16.3% against the dollar and now trades at $30.10 or 0.00049981 BTC.
• Bitcoin SV (BSV) traded 7.8% lower against the dollar and now trades at $60.13 or 0.00099849 BTC.
• eCash (XEC) traded down 7.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded 4.9% lower against the dollar and now trades at $0.22 or 0.00000357 BTC.

Monero Profile

Monero (CRYPTO: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 18,430,675 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 (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 purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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