Monero (XMR) 24 Hour Trading Volume Hits $55.28 Million

Monero (XMR) traded 0.2% lower against the U.S. dollar during the twenty-four hour period ending at 20:00 PM ET on October 30th. During the last seven days, Monero has traded 3.4% higher against the U.S. dollar. Monero has a market capitalization of $2.99 billion and approximately $55.28 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for $162.04 or 0.00224011 BTC on popular exchanges.

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

• Bitcoin (BTC) traded down 0.5% against the dollar and now trades at $72,335.04 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.4% lower against the dollar and now trades at $0.17 or 0.00000232 BTC.
• Bitcoin Cash (BCH) traded 4% lower against the dollar and now trades at $369.83 or 0.00511274 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $6.06 or 0.00008371 BTC.
• Litecoin (LTC) traded down 2.9% against the dollar and now trades at $71.84 or 0.00099316 BTC.
• Ethereum Classic (ETC) traded up 0.2% against the dollar and now trades at $19.46 or 0.00026900 BTC.
• Arweave (AR) traded down 1.6% against the dollar and now trades at $16.64 or 0.00023003 BTC.
• Bitcoin SV (BSV) traded 3% lower against the dollar and now trades at $50.66 or 0.00070033 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 3.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

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 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official website for Monero is www.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 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 GDAX, Coinbase 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