Monero 1-Day Volume Reaches $46.27 Million (XMR)

Monero (XMR) traded 1.6% higher against the dollar during the 1-day period ending at 14:00 PM ET on October 22nd. Monero has a market capitalization of $2.90 billion and approximately $46.27 million worth of Monero was traded on exchanges in the last 24 hours. In the last seven days, Monero has traded 1.6% higher against the dollar. One Monero coin can now be purchased for approximately $157.36 or 0.00233857 BTC on major exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 0% higher against the dollar and now trades at $67,324.25 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2% lower against the dollar and now trades at $0.14 or 0.00000205 BTC.
• Bitcoin Cash (BCH) traded down 1.7% against the dollar and now trades at $357.05 or 0.00530630 BTC.
• UNUS SED LEO (LEO) traded 3.6% lower against the dollar and now trades at $5.85 or 0.00008700 BTC.
• Litecoin (LTC) traded 1.8% lower against the dollar and now trades at $69.68 or 0.00103556 BTC.
• Ethereum Classic (ETC) traded down 2.9% against the dollar and now trades at $18.97 or 0.00028186 BTC.
• Arweave (AR) traded 1.1% lower against the dollar and now trades at $18.35 or 0.00027274 BTC.
• Bitcoin SV (BSV) traded 2% lower against the dollar and now trades at $48.00 or 0.00071334 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded up 0.1% against the dollar and now trades at $0.16 or 0.00000233 BTC.

Monero 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. 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. Monero’s official Twitter account is @monero and its Facebook page is accessible 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.”

Buying and Selling Monero

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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