Monero 1-Day Trading Volume Hits $56.48 Million (XMR)

Monero (XMR) traded 3.3% higher against the U.S. dollar during the 1-day period ending at 20:00 PM Eastern on October 8th. Monero has a total market cap of $2.75 billion and approximately $56.48 million worth of Monero was traded on exchanges in the last 24 hours. In the last seven days, Monero has traded up 3.4% against the U.S. dollar. One Monero coin can currently be purchased for $148.99 or 0.00239933 BTC on major exchanges.

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

• Bitcoin (BTC) traded down 0% against the dollar and now trades at $62,080.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.3% lower against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Bitcoin Cash (BCH) traded up 1.1% against the dollar and now trades at $327.77 or 0.00527856 BTC.
• UNUS SED LEO (LEO) traded up 1.1% against the dollar and now trades at $5.99 or 0.00009643 BTC.
• Litecoin (LTC) traded up 1.6% against the dollar and now trades at $65.68 or 0.00105777 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $18.30 or 0.00029469 BTC.
• Arweave (AR) traded down 0.5% against the dollar and now trades at $18.81 or 0.00030296 BTC.
• Bitcoin SV (BSV) traded 0.8% lower against the dollar and now trades at $45.42 or 0.00073139 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 5.9% lower against the dollar and now trades at $0.18 or 0.00000290 BTC.

Monero Coin Profile

Monero (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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website is www.getmonero.org. Monero’s official message board is forum.getmonero.org. 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.”

Buying and Selling Monero

It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. 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