Monero Tops One Day Trading Volume of $39.13 Million (XMR)

Monero (XMR) traded down 1.4% against the US dollar during the 24 hour period ending at 11:00 AM ET on April 20th. One Monero coin can now be purchased for $117.70 or 0.00183343 BTC on major exchanges. Monero has a total market cap of $2.17 billion and approximately $39.13 million worth of Monero was traded on exchanges in the last 24 hours. Over the last week, Monero has traded down 5.6% against the US dollar.

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

• Bitcoin (BTC) traded 0.4% lower against the dollar and now trades at $64,194.62 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.5% higher against the dollar and now trades at $0.16 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded up 2.2% against the dollar and now trades at $488.73 or 0.00761323 BTC.
• Litecoin (LTC) traded up 1.7% against the dollar and now trades at $82.83 or 0.00129023 BTC.
• UNUS SED LEO (LEO) traded 1% lower against the dollar and now trades at $5.76 or 0.00008974 BTC.
• Ethereum Classic (ETC) traded 1.8% higher against the dollar and now trades at $26.68 or 0.00041568 BTC.
• Arweave (AR) traded up 12.3% against the dollar and now trades at $30.54 or 0.00047573 BTC.
• Bitcoin SV (BSV) traded 1.5% higher against the dollar and now trades at $67.41 or 0.00105014 BTC.
• eCash (XEC) traded up 1.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 5% higher against the dollar and now trades at $0.25 or 0.00000385 BTC.

About 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 18,426,092 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 website 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.”

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 Coinbase, Gemini or Changelly. 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