Monero Price Up 27.7% Over Last 7 Days

Monero (XMR) traded up 2% against the US dollar during the 1-day period ending at 5:00 AM E.T. on January 27th. In the last seven days, Monero has traded 27.7% higher against the US dollar. Monero has a market cap of $4.92 billion and $60.27 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for $312.42 or 0.02849400 BTC on popular cryptocurrency exchanges including Cryptox, Poloniex, Bisq and Cryptopia.





Monero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 15,738,589 coins. Monero’s official website is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here.









According to CryptoCompare, “Monero (XMR) is a cryptonight algorithm based alternative crypto currency. The coin is based on Proof of Work and has a block reward that varies smoothly. The difficulty retargets every block with a sixty second block target. Monero uses a Ring Signature system to protect your privacy, allowing users to make untraceable transactions. “





Buying and Selling Monero





Monero can be bought or sold on the following cryptocurrency exchanges: Exrates, Braziliex, Cryptomate, LiteBit.eu, Bitfinex, Bithumb, Bisq, OKEx, Mercatox, Kraken, Coinroom, Abucoins, Livecoin, Tux Exchange, Poloniex, Binance, Cryptox, Bittrex, Gate.io, Qryptos, Upbit, Exmo, HitBTC, SouthXchange, Cryptopia and BTC-Alpha. It is not currently possible to purchase Monero directly using US dollars. Investors seeking to trade Monero must first purchase 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 purchase Monero using one of the aforementioned exchanges.



