Monero (XMR) Price Reaches $435.48 on Major Exchanges

Monero (XMR) traded down 1.1% against the dollar during the 1-day period ending at 8:00 AM ET on December 19th. During the last seven days, Monero has traded 6.7% higher against the dollar. One Monero coin can now be purchased for approximately $435.48 or 0.00495651 BTC on exchanges. Monero has a total market capitalization of $8.03 billion and approximately $188.92 million worth of Monero was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Arweave (AR) traded 4% higher against the dollar and now trades at $3.41 or 0.00003876 BTC.
• Bitcoin (BTC) traded 1% lower against the dollar and now trades at $87,877.40 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.7% higher against the dollar and now trades at $0.13 or 0.00000146 BTC.
• Bitcoin Cash (BCH) traded up 9% against the dollar and now trades at $586.98 or 0.00668086 BTC.
• Zcash (ZEC) traded 8.1% higher against the dollar and now trades at $428.83 or 0.00488087 BTC.
• UNUS SED LEO (LEO) traded up 16.8% against the dollar and now trades at $7.34 or 0.00008351 BTC.
• Litecoin (LTC) traded 0.2% lower against the dollar and now trades at $76.22 or 0.00086746 BTC.
• Ethereum Classic (ETC) traded 0.8% higher against the dollar and now trades at $12.13 or 0.00013812 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 0.7% lower against the dollar and now trades at $0.0879 or 0.00000100 BTC.

About Monero

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was 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. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. Monero’s official message board is forum.getmonero.org. Monero’s official website is www.getmonero.org.

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)”

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView