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

Monero (XMR) traded 3.2% higher against the US dollar during the 1-day period ending at 22:00 PM E.T. on April 28th. In the last seven days, Monero has traded up 6.5% against the US dollar. One Monero coin can now be purchased for about $126.80 or 0.00200997 BTC on popular cryptocurrency exchanges. Monero has a total market cap of $2.34 billion and approximately $51.93 million worth of Monero was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 1% against the dollar and now trades at $62,970.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.2% lower 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 1.1% lower 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.

About Monero

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 18,429,765 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 currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView