Monero (XMR) Tops One Day Volume of $62.13 Million

Monero (XMR) traded up 3.8% against the dollar during the 24-hour period ending at 23:00 PM ET on September 11th. Over the last seven days, Monero has traded 2.5% higher against the dollar. Monero has a market capitalization of $3.23 billion and $62.13 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $174.99 or 0.00300534 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 2.6% against the dollar and now trades at $58,226.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.4% higher against the dollar and now trades at $0.10 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded up 4.2% against the dollar and now trades at $339.71 or 0.00583424 BTC.
• UNUS SED LEO (LEO) traded up 4.5% against the dollar and now trades at $5.78 or 0.00009922 BTC.
• Litecoin (LTC) traded up 1.7% against the dollar and now trades at $62.33 or 0.00107050 BTC.
• Ethereum Classic (ETC) traded up 1% against the dollar and now trades at $18.58 or 0.00031913 BTC.
• Arweave (AR) traded 5.2% higher against the dollar and now trades at $20.33 or 0.00034915 BTC.
• Bitcoin SV (BSV) traded down 0.2% against the dollar and now trades at $49.24 or 0.00084566 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 2.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,446,744 coins. 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. The official website for Monero is www.getmonero.org.

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 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 Gemini, GDAX or Coinbase. 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