Monero (XMR) Price Hits $130.45

Monero (XMR) traded down 2.7% against the U.S. dollar during the one day period ending at 21:00 PM Eastern on May 6th. One Monero coin can currently be bought for about $130.45 or 0.00205064 BTC on popular exchanges. Monero has a total market cap of $2.40 billion and approximately $47.90 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded down 0.5% against the U.S. dollar.

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

• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $63,613.77 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.6% lower against the dollar and now trades at $0.16 or 0.00000247 BTC.
• Bitcoin Cash (BCH) traded 1.6% higher against the dollar and now trades at $478.68 or 0.00752480 BTC.
• Litecoin (LTC) traded down 0.6% against the dollar and now trades at $81.12 or 0.00127517 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $5.82 or 0.00009157 BTC.
• Ethereum Classic (ETC) traded 2.3% lower against the dollar and now trades at $27.25 or 0.00042835 BTC.
• Arweave (AR) traded 2.6% higher against the dollar and now trades at $41.07 or 0.00064569 BTC.
• Bitcoin SV (BSV) traded 0% lower against the dollar and now trades at $65.24 or 0.00102555 BTC.
• eCash (XEC) traded down 2.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded 6.6% lower against the dollar and now trades at $0.22 or 0.00000342 BTC.

Monero Coin Profile

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,433,234 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website is www.getmonero.org. The official message board for Monero 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 presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView