Monero (XMR) One Day Volume Hits $98.60 Million

Monero (XMR) traded 2.5% lower against the U.S. dollar during the 1-day period ending at 9:00 AM Eastern on February 9th. One Monero coin can currently be purchased for approximately $319.30 or 0.00464840 BTC on major exchanges. During the last seven days, Monero has traded down 22.3% against the U.S. dollar. Monero has a market capitalization of $5.89 billion and approximately $98.60 million worth of Monero was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• Arweave (AR) traded down 4.9% against the dollar and now trades at $1.90 or 0.00002764 BTC.
• Bitcoin (BTC) traded 4.1% lower against the dollar and now trades at $68,690.48 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.3% lower against the dollar and now trades at $0.0939 or 0.00000137 BTC.
• Bitcoin Cash (BCH) traded 3.1% lower against the dollar and now trades at $515.69 or 0.00750747 BTC.
• UNUS SED LEO (LEO) traded up 1% against the dollar and now trades at $8.34 or 0.00012143 BTC.
• Litecoin (LTC) traded down 3.4% against the dollar and now trades at $53.31 or 0.00077609 BTC.
• Zcash (ZEC) traded down 3.6% against the dollar and now trades at $233.23 or 0.00339539 BTC.
• Ethereum Classic (ETC) traded 4.2% lower against the dollar and now trades at $8.36 or 0.00012175 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 4.1% lower against the dollar and now trades at $0.0680 or 0.00000099 BTC.

About Monero

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 18,446,744 coins. The official website for Monero is www.getmonero.org. Monero’s official message board 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. 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 US dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView