Monero Trading 7.5% Higher This Week (XMR)

Monero (XMR) traded up 0.9% against the U.S. dollar during the twenty-four hour period ending at 17:00 PM E.T. on January 25th. During the last seven days, Monero has traded 7.5% higher against the U.S. dollar. One Monero coin can now be bought for about $174.53 or 0.00745695 BTC on cryptocurrency exchanges. Monero has a total market cap of $3.18 billion and $79.05 million worth of Monero was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed during the last day:

  • Bitcoin (BTC) traded up 2.2% against the dollar and now trades at $23,405.52 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded up 0.8% against the dollar and now trades at $0.0871 or 0.00000372 BTC.
  • Litecoin (LTC) traded up 3% against the dollar and now trades at $90.81 or 0.00387981 BTC.
  • UNUS SED LEO (LEO) traded 2% higher against the dollar and now trades at $3.54 or 0.00015132 BTC.
  • Ethereum Classic (ETC) traded up 0.7% against the dollar and now trades at $22.04 or 0.00094162 BTC.
  • Bitcoin Cash (BCH) traded 2.2% higher against the dollar and now trades at $132.70 or 0.00566948 BTC.
  • DEI (DEI) traded down 1.8% against the dollar and now trades at $0.26 or 0.00001097 BTC.
  • Pax Dollar (USDP) traded up 0.1% against the dollar and now trades at $1.00 or 0.00004269 BTC.
  • Bitcoin SV (BSV) traded 3.7% lower against the dollar and now trades at $41.20 or 0.00176019 BTC.
  • Zcash (ZEC) traded 0.5% higher against the dollar and now trades at $46.05 or 0.00196743 BTC.

Monero Profile

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 18,231,773 coins. 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. The official website for Monero is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here.

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 currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

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