Monero (XMR) 24 Hour Trading Volume Hits $67.78 Million

Monero (XMR) traded 0% higher against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on October 11th. Monero has a market cap of $2.81 billion and $67.78 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for $152.22 or 0.00246679 BTC on cryptocurrency exchanges. In the last week, Monero has traded up 4% against the U.S. dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 1.2% against the dollar and now trades at $61,668.00 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.7% higher against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded up 0.8% against the dollar and now trades at $324.45 or 0.00525792 BTC.
• UNUS SED LEO (LEO) traded down 1.2% against the dollar and now trades at $6.10 or 0.00009890 BTC.
• Litecoin (LTC) traded up 1.6% against the dollar and now trades at $65.15 or 0.00105577 BTC.
• Ethereum Classic (ETC) traded up 1.8% against the dollar and now trades at $18.42 or 0.00029853 BTC.
• Arweave (AR) traded up 5.5% against the dollar and now trades at $18.90 or 0.00030629 BTC.
• Bitcoin SV (BSV) traded up 3.3% against the dollar and now trades at $45.23 or 0.00073297 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 0.5% higher against the dollar and now trades at $0.17 or 0.00000277 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 message board for Monero is forum.getmonero.org. The official website for Monero 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.

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 buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView