Monero (XMR) 24 Hour Trading Volume Tops $72.45 Million

Monero (XMR) traded up 0.4% against the U.S. dollar during the 1 day period ending at 8:00 AM ET on August 4th. One Monero coin can currently be bought for about $361.93 or 0.00566745 BTC on major cryptocurrency exchanges. Monero has a total market cap of $6.80 billion and approximately $72.45 million worth of Monero was traded on exchanges in the last day. In the last seven days, Monero has traded 6.6% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• Arweave (AR) traded up 2.4% against the dollar and now trades at $1.81 or 0.00002830 BTC.
• Bitcoin (BTC) traded 2% higher against the dollar and now trades at $63,860.45 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.4% higher against the dollar and now trades at $0.0704 or 0.00000110 BTC.
• UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $9.77 or 0.00015302 BTC.
• Zcash (ZEC) traded up 0.7% against the dollar and now trades at $486.66 or 0.00762065 BTC.
• Bitcoin Cash (BCH) traded up 1.7% against the dollar and now trades at $213.39 or 0.00334147 BTC.
• Litecoin (LTC) traded 0.6% higher against the dollar and now trades at $44.31 or 0.00069380 BTC.
• Ethereum Classic (ETC) traded 0.7% higher against the dollar and now trades at $6.60 or 0.00010341 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 3.6% higher against the dollar and now trades at $12.98 or 0.00020320 BTC.

Monero Profile

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 18,786,831 coins. 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. Monero’s official message board is forum.getmonero.org. 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 purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView