Monero (XMR) 1-Day Trading Volume Tops $56.60 Million

Monero (XMR) traded 4.3% higher against the US dollar during the twenty-four hour period ending at 8:00 AM ET on October 9th. One Monero coin can now be bought for about $152.66 or 0.00245598 BTC on cryptocurrency exchanges. Over the last week, Monero has traded up 7% against the US dollar. Monero has a market capitalization of $2.82 billion and $56.60 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.7% lower against the dollar and now trades at $62,156.91 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.2% against the dollar and now trades at $0.11 or 0.00000178 BTC.
• Bitcoin Cash (BCH) traded down 0.8% against the dollar and now trades at $326.15 or 0.00524722 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.98 or 0.00009623 BTC.
• Litecoin (LTC) traded 0% higher against the dollar and now trades at $65.57 or 0.00105493 BTC.
• Ethereum Classic (ETC) traded 0.6% lower against the dollar and now trades at $18.40 or 0.00029599 BTC.
• Arweave (AR) traded up 0.2% against the dollar and now trades at $18.83 or 0.00030298 BTC.
• Bitcoin SV (BSV) traded 0.6% lower against the dollar and now trades at $45.52 or 0.00073238 BTC.
• Conflux (CFX) traded 0.7% higher against the dollar and now trades at $0.18 or 0.00000296 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Monero Coin 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. The official message board for Monero 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. The official website for Monero is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 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 GDAX, Changelly or Coinbase. 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