Monero 1-Day Volume Reaches $130.97 Million (XMR)

Monero (XMR) traded 0.8% lower against the US dollar during the 24-hour period ending at 9:00 AM ET on May 4th. Monero has a total market capitalization of $7.21 billion and approximately $130.97 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded up 0.2% against the US dollar. One Monero coin can now be bought for $390.65 or 0.00494867 BTC on major cryptocurrency exchanges.

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

• Arweave (AR) traded up 4.1% against the dollar and now trades at $2.17 or 0.00002753 BTC.
• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $78,940.71 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2% higher against the dollar and now trades at $0.11 or 0.00000141 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $10.32 or 0.00013078 BTC.
• Bitcoin Cash (BCH) traded 0.4% lower against the dollar and now trades at $445.05 or 0.00563784 BTC.
• Zcash (ZEC) traded up 3.2% against the dollar and now trades at $414.93 or 0.00525618 BTC.
• Litecoin (LTC) traded up 0% against the dollar and now trades at $55.23 or 0.00069968 BTC.
• Ethereum Classic (ETC) traded up 2.7% against the dollar and now trades at $8.69 or 0.00011004 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 0.4% lower against the dollar and now trades at $15.77 or 0.00019980 BTC.

Monero Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on 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. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. The official message board for Monero is forum.getmonero.org. The official website for Monero is www.getmonero.org.

According to CryptoCompare, “Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity. Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions. Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Monero Coin Trading

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