Monero Hits 24 Hour Volume of $93.34 Million (XMR)

Monero (XMR) traded 0.1% higher against the U.S. dollar during the 24-hour period ending at 9:00 AM ET on August 24th. Over the last seven days, Monero has traded up 2.7% against the U.S. dollar. Monero has a market cap of $7.99 billion and $93.34 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be bought for approximately $425.04 or 0.00537900 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

• Arweave (AR) traded 2.6% higher against the dollar and now trades at $2.22 or 0.00002811 BTC.
• Bitcoin (BTC) traded 2.3% higher against the dollar and now trades at $79,017.78 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.7% higher against the dollar and now trades at $0.0929 or 0.00000118 BTC.
• Zcash (ZEC) traded up 4.7% against the dollar and now trades at $854.05 or 0.01080830 BTC.
• UNUS SED LEO (LEO) traded 1.1% lower against the dollar and now trades at $9.38 or 0.00011866 BTC.
• Bitcoin Cash (BCH) traded 2.9% higher against the dollar and now trades at $282.46 or 0.00357464 BTC.
• Litecoin (LTC) traded up 1.8% against the dollar and now trades at $53.43 or 0.00067619 BTC.
• Ethereum Classic (ETC) traded up 1.7% against the dollar and now trades at $7.90 or 0.00010002 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 0.8% higher against the dollar and now trades at $16.94 or 0.00021444 BTC.

Monero Coin Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,795,493 coins. 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. 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 trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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