Monero (XMR) Tops 1-Day Trading Volume of $71.18 Million

Monero (XMR) traded up 3.3% against the US dollar during the 1 day period ending at 10:00 AM Eastern on January 21st. In the last seven days, Monero has traded 3.1% higher against the US dollar. Monero has a total market cap of $3.98 billion and approximately $71.18 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for approximately $215.96 or 0.00208797 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 2.9% against the dollar and now trades at $103,430.06 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1% higher against the dollar and now trades at $0.38 or 0.00000364 BTC.
• Litecoin (LTC) traded down 1.1% against the dollar and now trades at $119.65 or 0.00115685 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $9.63 or 0.00009311 BTC.
• Bitcoin Cash (BCH) traded 1.5% lower against the dollar and now trades at $438.85 or 0.00424294 BTC.
• Ethereum Classic (ETC) traded down 0.1% against the dollar and now trades at $26.57 or 0.00025690 BTC.
• IOTA (MIOTA) traded 5.3% lower against the dollar and now trades at $0.33 or 0.00000316 BTC.
• Bitcoin SV (BSV) traded 1.8% lower against the dollar and now trades at $52.11 or 0.00050382 BTC.
• Arweave (AR) traded 5.4% lower against the dollar and now trades at $14.49 or 0.00014010 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Monero Coin Profile

Monero (CRYPTO:XMR) 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 message board for Monero is forum.getmonero.org. Monero’s official website is www.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 (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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView