Monero Price Hits $394.81 (XMR)

Monero (XMR) traded up 0.1% against the dollar during the one day period ending at 8:00 AM ET on August 12th. Monero has a market capitalization of $7.42 billion and $108.41 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for about $394.81 or 0.00616817 BTC on major exchanges. During the last week, Monero has traded up 11.5% against the dollar.

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

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• Arweave (AR) traded down 0.7% against the dollar and now trades at $1.79 or 0.00002800 BTC.
• Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $64,007.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.8% against the dollar and now trades at $0.0719 or 0.00000112 BTC.
• UNUS SED LEO (LEO) traded 2.6% lower against the dollar and now trades at $9.16 or 0.00014309 BTC.
• Zcash (ZEC) traded 1.2% higher against the dollar and now trades at $492.31 or 0.00769145 BTC.
• Bitcoin Cash (BCH) traded 1.2% higher against the dollar and now trades at $215.94 or 0.00337374 BTC.
• Litecoin (LTC) traded up 0.4% against the dollar and now trades at $45.51 or 0.00071103 BTC.
• Ethereum Classic (ETC) traded up 1.3% against the dollar and now trades at $6.48 or 0.00010121 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 0% lower against the dollar and now trades at $14.51 or 0.00022666 BTC.

Monero Coin Profile

Monero 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 18,790,282 coins. 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official website for Monero 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)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Monero Coin Trading

It is usually not currently 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, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

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