Monero (XMR) 24-Hour Volume Reaches $51.14 Million

Monero (XMR) traded up 1.4% against the dollar during the 24 hour period ending at 11:00 AM ET on October 12th. One Monero coin can now be purchased for $153.02 or 0.00242315 BTC on major exchanges. In the last week, Monero has traded 0.6% higher against the dollar. Monero has a total market cap of $2.82 billion and approximately $51.14 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $63,147.29 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.4% against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Bitcoin Cash (BCH) traded up 1.7% against the dollar and now trades at $330.81 or 0.00523875 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $6.03 or 0.00009553 BTC.
• Litecoin (LTC) traded 1.9% higher against the dollar and now trades at $66.44 or 0.00105211 BTC.
• Ethereum Classic (ETC) traded 2.2% higher against the dollar and now trades at $18.89 or 0.00029914 BTC.
• Arweave (AR) traded up 2.4% against the dollar and now trades at $19.57 or 0.00030984 BTC.
• Bitcoin SV (BSV) traded up 1.6% against the dollar and now trades at $45.85 or 0.00072603 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded up 2.5% against the dollar and now trades at $0.18 or 0.00000279 BTC.

Monero Coin Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was 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 website is www.getmonero.org. Monero’s official message board is forum.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 currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView