Monero One Day Trading Volume Hits $51.93 Million (XMR)

Monero (XMR) traded 3.2% higher against the U.S. dollar during the 24 hour period ending at 22:00 PM Eastern on April 28th. In the last seven days, Monero has traded up 6.5% against the U.S. dollar. One Monero coin can currently be bought for approximately $126.80 or 0.00200997 BTC on popular exchanges. Monero has a total market capitalization of $2.34 billion and approximately $51.93 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 1% against the dollar and now trades at $62,970.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.2% against the dollar and now trades at $0.15 or 0.00000233 BTC.
• Bitcoin Cash (BCH) traded down 1.7% against the dollar and now trades at $471.02 or 0.00746664 BTC.
• Litecoin (LTC) traded 0.9% higher against the dollar and now trades at $85.23 or 0.00135111 BTC.
• UNUS SED LEO (LEO) traded down 1.1% against the dollar and now trades at $5.75 or 0.00009113 BTC.
• Ethereum Classic (ETC) traded 0.7% higher against the dollar and now trades at $28.19 or 0.00044683 BTC.
• Arweave (AR) traded 7% higher against the dollar and now trades at $36.43 or 0.00057751 BTC.
• Bitcoin SV (BSV) traded 1.6% lower against the dollar and now trades at $66.10 or 0.00104787 BTC.
• eCash (XEC) traded down 3.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded down 3.2% against the dollar and now trades at $0.23 or 0.00000372 BTC.

Monero Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,429,765 coins. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official website for Monero 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.

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 possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView