Monero (XMR) One Day Volume Hits $44.92 Million

Monero (XMR) traded up 1% against the dollar during the 1 day period ending at 8:00 AM Eastern on October 24th. Monero has a market cap of $2.89 billion and $44.92 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for about $156.49 or 0.00232419 BTC on exchanges. Over the last seven days, Monero has traded 0.7% higher against the dollar.

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

• Bitcoin (BTC) traded 1.6% higher against the dollar and now trades at $67,330.50 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.8% higher against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded up 1.9% against the dollar and now trades at $355.85 or 0.00528518 BTC.
• UNUS SED LEO (LEO) traded 1.3% higher against the dollar and now trades at $6.14 or 0.00009124 BTC.
• Litecoin (LTC) traded up 1.4% against the dollar and now trades at $69.80 or 0.00103669 BTC.
• Ethereum Classic (ETC) traded down 0.2% against the dollar and now trades at $18.68 or 0.00027744 BTC.
• Arweave (AR) traded up 1% against the dollar and now trades at $18.08 or 0.00026848 BTC.
• Bitcoin SV (BSV) traded up 1.2% against the dollar and now trades at $47.49 or 0.00070531 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 0.6% lower against the dollar and now trades at $0.15 or 0.00000225 BTC.

Monero Profile

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch 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. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.getmonero.org. Monero’s official message board 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.”

Buying and Selling Monero

It is usually not possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView