Monero 24 Hour Volume Hits $85.34 Million (XMR)

Monero (XMR) traded 1.3% lower against the US dollar during the one day period ending at 23:00 PM E.T. on October 1st. During the last seven days, Monero has traded down 11.3% against the US dollar. Monero has a total market cap of $2.75 billion and $85.34 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for about $149.05 or 0.00241309 BTC on major exchanges.

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

• Bitcoin (BTC) traded 2.8% lower against the dollar and now trades at $61,767.44 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 7.3% against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 5.9% lower against the dollar and now trades at $323.75 or 0.00524139 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $5.98 or 0.00009679 BTC.
• Litecoin (LTC) traded down 5.4% against the dollar and now trades at $64.19 or 0.00103930 BTC.
• Ethereum Classic (ETC) traded 5.6% lower against the dollar and now trades at $18.60 or 0.00030106 BTC.
• Arweave (AR) traded 14.1% lower against the dollar and now trades at $19.87 or 0.00032164 BTC.
• Bitcoin SV (BSV) traded 7.4% lower against the dollar and now trades at $45.67 or 0.00073933 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded down 7.3% against the dollar and now trades at $0.17 or 0.00000283 BTC.

Monero 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 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. The official message board for Monero is forum.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.”

Buying and Selling Monero

It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView