Monero (XMR) 24 Hour Trading Volume Tops $86.07 Million

Monero (XMR) traded up 3% against the U.S. dollar during the twenty-four hour period ending at 17:00 PM E.T. on August 6th. Monero has a market capitalization of $2.77 billion and approximately $86.07 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for $150.27 or 0.00265062 BTC on popular cryptocurrency exchanges. Over the last week, Monero has traded 4.1% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 4% against the dollar and now trades at $56,694.29 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.7% higher against the dollar and now trades at $0.0970 or 0.00000171 BTC.
• Bitcoin Cash (BCH) traded 4% higher against the dollar and now trades at $318.23 or 0.00561308 BTC.
• UNUS SED LEO (LEO) traded up 0.5% against the dollar and now trades at $5.73 or 0.00010114 BTC.
• Litecoin (LTC) traded 5.1% higher against the dollar and now trades at $58.71 or 0.00103560 BTC.
• Ethereum Classic (ETC) traded 3.6% higher against the dollar and now trades at $18.20 or 0.00032101 BTC.
• Arweave (AR) traded up 5.8% against the dollar and now trades at $20.76 or 0.00036611 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 4.9% against the dollar and now trades at $37.49 or 0.00066126 BTC.
• eCash (XEC) traded up 2.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,446,744 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.

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 U.S. dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView