Monero (XMR) Price Hits $346.39 on Major Exchanges

Monero (XMR) traded 0.5% lower against the dollar during the 1-day period ending at 9:00 AM E.T. on April 18th. During the last week, Monero has traded up 2.3% against the dollar. One Monero coin can now be bought for $346.39 or 0.00454667 BTC on major cryptocurrency exchanges. Monero has a market cap of $6.39 billion and $122.71 million worth of Monero was traded on exchanges in the last day.

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

• Arweave (AR) traded 4% lower against the dollar and now trades at $2.04 or 0.00002679 BTC.
• Bitcoin (BTC) traded down 0.2% against the dollar and now trades at $76,187.75 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4% against the dollar and now trades at $0.0961 or 0.00000126 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $10.15 or 0.00013318 BTC.
• Bitcoin Cash (BCH) traded 1.1% lower against the dollar and now trades at $446.44 or 0.00585989 BTC.
• Zcash (ZEC) traded 4.6% lower against the dollar and now trades at $324.95 or 0.00426522 BTC.
• Litecoin (LTC) traded 1.1% lower against the dollar and now trades at $56.03 or 0.00073547 BTC.
• Ethereum Classic (ETC) traded down 1.6% against the dollar and now trades at $8.58 or 0.00011262 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1.4% lower against the dollar and now trades at $16.05 or 0.00021071 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 18,446,744 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board is forum.getmonero.org. 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 (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 buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView