Monero (XMR) Trading 2.6% Lower This Week

Monero (XMR) traded 0% lower against the US dollar during the one day period ending at 9:00 AM E.T. on April 6th. Monero has a total market cap of $6.04 billion and $72.51 million worth of Monero was traded on exchanges in the last day. Over the last seven days, Monero has traded down 2.6% against the US dollar. One Monero coin can now be purchased for approximately $327.43 or 0.00471877 BTC on major exchanges.

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

• Arweave (AR) traded up 5% against the dollar and now trades at $1.71 or 0.00002461 BTC.
• Bitcoin (BTC) traded 3.9% higher against the dollar and now trades at $69,389.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.8% higher against the dollar and now trades at $0.0925 or 0.00000133 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $10.12 or 0.00014580 BTC.
• Bitcoin Cash (BCH) traded 2.5% higher against the dollar and now trades at $437.98 or 0.00631193 BTC.
• Zcash (ZEC) traded 5.8% higher against the dollar and now trades at $253.65 or 0.00365545 BTC.
• Litecoin (LTC) traded up 2.7% against the dollar and now trades at $54.17 or 0.00078072 BTC.
• Ethereum Classic (ETC) traded up 2.3% against the dollar and now trades at $8.66 or 0.00012474 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1% lower against the dollar and now trades at $15.80 or 0.00022776 BTC.

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

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”

Monero Coin Trading

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. 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