Monero (XMR) One Day Trading Volume Tops $87.03 Million

Monero (XMR) traded 5.7% lower against the US dollar during the 1 day period ending at 11:00 AM Eastern on July 25th. In the last week, Monero has traded down 3.9% against the US dollar. One Monero coin can currently be bought for about $154.13 or 0.00237547 BTC on cryptocurrency exchanges. Monero has a market capitalization of $2.84 billion and approximately $87.03 million worth of Monero was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 2.2% lower against the dollar and now trades at $64,884.44 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.9% lower against the dollar and now trades at $0.13 or 0.00000193 BTC.
• Bitcoin Cash (BCH) traded down 4% against the dollar and now trades at $356.57 or 0.00549547 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $5.82 or 0.00008975 BTC.
• Litecoin (LTC) traded down 5.6% against the dollar and now trades at $68.81 or 0.00106055 BTC.
• Ethereum Classic (ETC) traded down 6.6% against the dollar and now trades at $22.05 or 0.00033978 BTC.
• Arweave (AR) traded down 6.3% against the dollar and now trades at $29.87 or 0.00046042 BTC.
• Bitcoin SV (BSV) traded down 6.5% against the dollar and now trades at $42.27 or 0.00065153 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 6.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin 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 18,446,744 coins. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.getmonero.org. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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.”

Monero Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView