Monero (XMR) Tops 24 Hour Volume of $57.84 Million

Monero (XMR) traded 0.2% higher against the dollar during the 24-hour period ending at 10:00 AM E.T. on September 18th. Monero has a total market cap of $3.17 billion and $57.84 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for about $171.65 or 0.00288540 BTC on major exchanges. During the last seven days, Monero has traded up 2% against the dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 1.4% lower against the dollar and now trades at $59,417.44 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.4% against the dollar and now trades at $0.10 or 0.00000169 BTC.
• Bitcoin Cash (BCH) traded down 2.1% against the dollar and now trades at $308.60 or 0.00518735 BTC.
• UNUS SED LEO (LEO) traded 1.4% lower against the dollar and now trades at $5.60 or 0.00009417 BTC.
• Litecoin (LTC) traded down 0.4% against the dollar and now trades at $62.68 or 0.00105362 BTC.
• Ethereum Classic (ETC) traded 1.9% lower against the dollar and now trades at $17.53 or 0.00029473 BTC.
• Arweave (AR) traded 4% lower against the dollar and now trades at $18.04 or 0.00030329 BTC.
• Bitcoin SV (BSV) traded 3.2% lower against the dollar and now trades at $45.35 or 0.00076239 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Nervos Network (CKB) traded up 6.3% against the dollar and now trades at $0.0173 or 0.00000029 BTC.

About Monero

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded 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. Monero’s official message board is forum.getmonero.org. The official website for Monero is www.getmonero.org. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed 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 presently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView