Monero (XMR) One Day Trading Volume Reaches $110.61 Million

Monero (XMR) traded 1.1% higher against the US dollar during the 24-hour period ending at 8:00 AM ET on January 8th. One Monero coin can now be bought for approximately $452.97 or 0.00503877 BTC on exchanges. Monero has a market capitalization of $8.36 billion and $110.61 million worth of Monero was traded on exchanges in the last 24 hours. Over the last week, Monero has traded up 6.7% against the US dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded 6.7% lower against the dollar and now trades at $3.73 or 0.00004152 BTC.
• Bitcoin (BTC) traded down 2.4% against the dollar and now trades at $89,896.98 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.7% against the dollar and now trades at $0.14 or 0.00000155 BTC.
• Bitcoin Cash (BCH) traded 1.7% lower against the dollar and now trades at $621.45 or 0.00691291 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $9.00 or 0.00010014 BTC.
• Zcash (ZEC) traded 17% lower against the dollar and now trades at $403.52 or 0.00448864 BTC.
• Litecoin (LTC) traded down 2.7% against the dollar and now trades at $80.48 or 0.00089529 BTC.
• Ethereum Classic (ETC) traded down 4.1% against the dollar and now trades at $12.42 or 0.00013821 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded down 7.2% against the dollar and now trades at $0.10 or 0.00000113 BTC.

About Monero

Monero (CRYPTO: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 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 is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)”

Buying and Selling Monero

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 Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView