Monero (XMR) Reaches 24 Hour Trading Volume of $48.63 Million

Monero (XMR) traded down 1.8% against the dollar during the one day period ending at 7:00 AM Eastern on July 3rd. One Monero coin can now be purchased for about $165.78 or 0.00275218 BTC on major exchanges. Monero has a total market cap of $3.06 billion and $48.63 million worth of Monero was traded on exchanges in the last 24 hours. During the last seven days, Monero has traded 0.1% lower against the dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 3.7% lower against the dollar and now trades at $60,235.06 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.9% against the dollar and now trades at $0.12 or 0.00000199 BTC.
• Bitcoin Cash (BCH) traded 3.3% lower against the dollar and now trades at $373.43 or 0.00619951 BTC.
• Litecoin (LTC) traded 1.6% lower against the dollar and now trades at $74.00 or 0.00122847 BTC.
• UNUS SED LEO (LEO) traded up 0.5% against the dollar and now trades at $5.81 or 0.00009641 BTC.
• Ethereum Classic (ETC) traded 2.8% lower against the dollar and now trades at $22.54 or 0.00037416 BTC.
• Arweave (AR) traded 4.5% lower against the dollar and now trades at $26.92 or 0.00044697 BTC.
• Bitcoin SV (BSV) traded 2.8% lower against the dollar and now trades at $43.25 or 0.00071794 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 0.4% higher against the dollar and now trades at $0.17 or 0.00000278 BTC.

About 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. 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. 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 U.S. dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView