Monero (XMR) 1-Day Volume Hits $49.69 Million

Monero (XMR) traded down 0.3% against the US dollar during the twenty-four hour period ending at 11:00 AM E.T. on October 28th. One Monero coin can now be purchased for $160.46 or 0.00233890 BTC on major exchanges. Monero has a market cap of $2.96 billion and approximately $49.69 million worth of Monero was traded on exchanges in the last day. In the last seven days, Monero has traded 3.9% higher against the US dollar.

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

• Bitcoin (BTC) traded up 1.4% against the dollar and now trades at $68,604.35 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.6% higher against the dollar and now trades at $0.15 or 0.00000217 BTC.
• Bitcoin Cash (BCH) traded up 2.9% against the dollar and now trades at $361.60 or 0.00527084 BTC.
• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $6.04 or 0.00008810 BTC.
• Litecoin (LTC) traded 0.8% lower against the dollar and now trades at $70.13 or 0.00102223 BTC.
• Ethereum Classic (ETC) traded up 0.7% against the dollar and now trades at $18.53 or 0.00027014 BTC.
• Arweave (AR) traded down 3.4% against the dollar and now trades at $15.58 or 0.00022706 BTC.
• Bitcoin SV (BSV) traded 7.5% higher against the dollar and now trades at $49.48 or 0.00072127 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 3.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

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 website is www.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 message board for Monero is forum.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 presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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