Monero One Day Volume Tops $28.96 Million (XMR)

Monero (XMR) traded 2.3% higher against the US dollar during the 24 hour period ending at 17:00 PM E.T. on August 19th. One Monero coin can currently be bought for $153.73 or 0.00260279 BTC on exchanges. In the last week, Monero has traded up 2.7% against the US dollar. Monero has a total market capitalization of $2.84 billion and $28.96 million worth of Monero was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded down 0.5% against the dollar and now trades at $59,064.66 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.5% lower against the dollar and now trades at $0.10 or 0.00000170 BTC.
• Bitcoin Cash (BCH) traded 0.2% higher against the dollar and now trades at $337.42 or 0.00571265 BTC.
• UNUS SED LEO (LEO) traded up 4.2% against the dollar and now trades at $5.99 or 0.00010146 BTC.
• Litecoin (LTC) traded up 0.8% against the dollar and now trades at $66.71 or 0.00112939 BTC.
• Ethereum Classic (ETC) traded up 1.3% against the dollar and now trades at $18.98 or 0.00032139 BTC.
• Arweave (AR) traded down 0.1% against the dollar and now trades at $21.29 or 0.00036046 BTC.
• Bitcoin SV (BSV) traded 1.9% lower against the dollar and now trades at $42.09 or 0.00071253 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Zcash (ZEC) traded down 2.5% against the dollar and now trades at $41.86 or 0.00070869 BTC.

Monero Coin 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 official website for Monero 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. 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 possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView