Monero Price Down 13.8% Over Last Week (XMR)

Monero (XMR) traded 5.1% lower against the dollar during the one day period ending at 21:00 PM ET on April 17th. Monero has a market cap of $2.15 billion and $56.70 million worth of Monero was traded on exchanges in the last 24 hours. In the last seven days, Monero has traded 13.8% lower against the dollar. One Monero coin can now be bought for $116.46 or 0.00189759 BTC on exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 4% against the dollar and now trades at $61,428.88 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.7% lower against the dollar and now trades at $0.15 or 0.00000239 BTC.
• Bitcoin Cash (BCH) traded 5.4% lower against the dollar and now trades at $462.00 or 0.00752771 BTC.
• Litecoin (LTC) traded 0.5% lower against the dollar and now trades at $79.83 or 0.00130066 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $5.85 or 0.00009533 BTC.
• Ethereum Classic (ETC) traded down 3.9% against the dollar and now trades at $25.35 or 0.00041304 BTC.
• Arweave (AR) traded down 2.6% against the dollar and now trades at $24.46 or 0.00039858 BTC.
• Bitcoin SV (BSV) traded 3.8% lower against the dollar and now trades at $64.60 or 0.00105252 BTC.
• eCash (XEC) traded down 6.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Nervos Network (CKB) traded down 6.5% against the dollar and now trades at $0.0209 or 0.00000034 BTC.

About Monero

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 18,424,977 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official website for Monero is www.getmonero.org. Monero’s official message board 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 purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView