Monero One Day Volume Reaches $58.34 Million (XMR)

Monero (XMR) traded down 2.7% against the dollar during the twenty-four hour period ending at 17:00 PM E.T. on September 10th. One Monero coin can now be bought for about $167.80 or 0.00291153 BTC on popular exchanges. Over the last week, Monero has traded down 4% against the dollar. Monero has a total market cap of $3.10 billion and $58.34 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0% lower against the dollar and now trades at $57,632.74 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.7% lower against the dollar and now trades at $0.10 or 0.00000178 BTC.
• Bitcoin Cash (BCH) traded 1.8% higher against the dollar and now trades at $329.36 or 0.00571482 BTC.
• UNUS SED LEO (LEO) traded 3.2% higher against the dollar and now trades at $5.65 or 0.00009810 BTC.
• Litecoin (LTC) traded 0.2% lower against the dollar and now trades at $61.45 or 0.00106627 BTC.
• Ethereum Classic (ETC) traded 0.6% higher against the dollar and now trades at $18.54 or 0.00032174 BTC.
• Arweave (AR) traded down 5.3% against the dollar and now trades at $19.80 or 0.00034357 BTC.
• Bitcoin SV (BSV) traded up 9.2% against the dollar and now trades at $50.66 or 0.00087894 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 0.4% 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. It was first traded on April 18th, 2014. Monero’s total supply is 18,446,744 coins. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website is www.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 presently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView