Monero Reaches 24 Hour Volume of $53.19 Million (XMR)

Monero (XMR) traded down 4.5% against the U.S. dollar during the 24-hour period ending at 21:00 PM Eastern on October 31st. Monero has a total market cap of $2.85 billion and approximately $53.19 million worth of Monero was traded on exchanges in the last 24 hours. Over the last week, Monero has traded down 1.7% against the U.S. dollar. One Monero coin can now be purchased for approximately $154.23 or 0.00220763 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 3.3% lower against the dollar and now trades at $69,861.36 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.9% against the dollar and now trades at $0.16 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded 4.1% lower against the dollar and now trades at $353.29 or 0.00505705 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $6.05 or 0.00008662 BTC.
• Litecoin (LTC) traded 3.3% lower against the dollar and now trades at $69.19 or 0.00099033 BTC.
• Ethereum Classic (ETC) traded 4% lower against the dollar and now trades at $18.53 or 0.00026523 BTC.
• Arweave (AR) traded down 6.6% against the dollar and now trades at $15.38 or 0.00022019 BTC.
• Bitcoin SV (BSV) traded up 0.9% against the dollar and now trades at $50.88 or 0.00072827 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 1.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

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. 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. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly 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