Monero (XMR) Hits 24 Hour Volume of $60.23 Million

Monero (XMR) traded down 1% against the U.S. dollar during the 24-hour period ending at 9:00 AM E.T. on September 7th. One Monero coin can now be purchased for $170.06 or 0.00311525 BTC on major cryptocurrency exchanges. During the last week, Monero has traded 0.2% lower against the U.S. dollar. Monero has a market capitalization of $3.14 billion and $60.23 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 3.7% lower against the dollar and now trades at $54,623.72 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.6% lower against the dollar and now trades at $0.0950 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded down 2.4% against the dollar and now trades at $304.54 or 0.00557867 BTC.
• UNUS SED LEO (LEO) traded down 2.8% against the dollar and now trades at $5.39 or 0.00009881 BTC.
• Litecoin (LTC) traded down 3.5% against the dollar and now trades at $63.42 or 0.00116183 BTC.
• Ethereum Classic (ETC) traded down 1.1% against the dollar and now trades at $17.61 or 0.00032257 BTC.
• Arweave (AR) traded 4.6% lower against the dollar and now trades at $20.68 or 0.00037886 BTC.
• Bitcoin SV (BSV) traded down 3.3% against the dollar and now trades at $45.12 or 0.00082648 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 2.2% 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. It launched on April 18th, 2014. Monero’s total supply is 18,446,744 coins. Monero’s official message board is forum.getmonero.org. 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. 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 buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView