Monero (XMR) Reaches 24-Hour Volume of $57.38 Million

Monero (XMR) traded 5.1% lower against the dollar during the 1-day period ending at 9:00 AM ET on April 30th. Monero has a market capitalization of $2.21 billion and $57.38 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for about $119.67 or 0.00195529 BTC on major cryptocurrency exchanges. In the last seven days, Monero has traded 2.7% lower against the dollar.

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

• Bitcoin (BTC) traded down 2.2% against the dollar and now trades at $61,202.73 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.2% lower against the dollar and now trades at $0.13 or 0.00000220 BTC.
• Bitcoin Cash (BCH) traded down 2.9% against the dollar and now trades at $439.98 or 0.00718897 BTC.
• Litecoin (LTC) traded 5.9% lower against the dollar and now trades at $78.88 or 0.00128876 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $5.81 or 0.00009493 BTC.
• Ethereum Classic (ETC) traded 6.5% lower against the dollar and now trades at $25.52 or 0.00041701 BTC.
• Arweave (AR) traded down 4.1% against the dollar and now trades at $33.48 or 0.00054701 BTC.
• Bitcoin SV (BSV) traded 6% lower against the dollar and now trades at $60.83 or 0.00099398 BTC.
• eCash (XEC) traded down 5.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded 6.3% lower against the dollar and now trades at $0.21 or 0.00000343 BTC.

Monero Coin Profile

Monero 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 18,430,362 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official website for Monero is www.getmonero.org. The official message board for Monero is forum.getmonero.org. 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 currently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView