Monero Tops One Day Trading Volume of $126.42 Million (XMR)

Monero (XMR) traded up 1% against the US dollar during the 24 hour period ending at 22:00 PM E.T. on June 10th. Monero has a market capitalization of $3.28 billion and $126.42 million worth of Monero was traded on exchanges in the last day. In the last seven days, Monero has traded up 13% against the US dollar. One Monero coin can currently be purchased for about $177.62 or 0.00260961 BTC on major exchanges.

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

• Bitcoin (BTC) traded down 2.6% against the dollar and now trades at $67,941.66 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.5% against the dollar and now trades at $0.14 or 0.00000208 BTC.
• Bitcoin Cash (BCH) traded 4.2% lower against the dollar and now trades at $453.17 or 0.00665796 BTC.
• Litecoin (LTC) traded down 3.3% against the dollar and now trades at $77.51 or 0.00113885 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $5.85 or 0.00008602 BTC.
• Ethereum Classic (ETC) traded down 3.6% against the dollar and now trades at $25.97 or 0.00038151 BTC.
• Arweave (AR) traded 7.9% lower against the dollar and now trades at $34.82 or 0.00051152 BTC.
• Bitcoin SV (BSV) traded 6.9% lower against the dollar and now trades at $52.86 or 0.00077655 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 6.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on 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 Twitter account is @monero and its Facebook page is accessible here. The official website for Monero is www.getmonero.org. Monero’s official message board is forum.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.”

Buying and Selling Monero

It is usually not presently 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 Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView