Monero One Day Volume Tops $31.89 Million (XMR)

Monero (XMR) traded up 1.3% against the dollar during the 1 day period ending at 18:00 PM Eastern on October 20th. One Monero coin can currently be purchased for approximately $162.73 or 0.00235926 BTC on cryptocurrency exchanges. In the last seven days, Monero has traded 8.9% higher against the dollar. Monero has a total market capitalization of $3.00 billion and approximately $31.89 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $68,974.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.2% against the dollar and now trades at $0.14 or 0.00000205 BTC.
• Bitcoin Cash (BCH) traded 0.6% higher against the dollar and now trades at $365.90 or 0.00530486 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $6.08 or 0.00008812 BTC.
• Litecoin (LTC) traded 1.4% lower against the dollar and now trades at $74.00 or 0.00107292 BTC.
• Ethereum Classic (ETC) traded 1.2% higher against the dollar and now trades at $20.03 or 0.00029040 BTC.
• Arweave (AR) traded 3.9% higher against the dollar and now trades at $19.50 or 0.00028277 BTC.
• Bitcoin SV (BSV) traded up 1.2% against the dollar and now trades at $50.83 or 0.00073692 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 3.6% higher against the dollar and now trades at $0.17 or 0.00000243 BTC.

About Monero

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,446,744 coins. 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. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed 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 presently 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 GDAX, Coinbase or Changelly. 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