Monero Reaches 24 Hour Volume of $51.85 Million (XMR)

Monero (XMR) traded 4% higher against the US dollar during the 1 day period ending at 17:00 PM ET on April 28th. In the last seven days, Monero has traded 8.1% higher against the US dollar. Monero has a total market cap of $2.33 billion and $51.85 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for $126.30 or 0.00198474 BTC on exchanges.

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

• Bitcoin (BTC) traded up 0.7% against the dollar and now trades at $63,637.01 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.8% higher against the dollar and now trades at $0.15 or 0.00000236 BTC.
• Bitcoin Cash (BCH) traded up 1.5% against the dollar and now trades at $480.18 or 0.00754555 BTC.
• Litecoin (LTC) traded 1.5% higher against the dollar and now trades at $85.22 or 0.00133912 BTC.
• UNUS SED LEO (LEO) traded down 1% against the dollar and now trades at $5.75 or 0.00009042 BTC.
• Ethereum Classic (ETC) traded 4.8% higher against the dollar and now trades at $28.77 or 0.00045206 BTC.
• Arweave (AR) traded up 9.2% against the dollar and now trades at $36.78 or 0.00057791 BTC.
• Bitcoin SV (BSV) traded up 0.8% against the dollar and now trades at $67.35 or 0.00105840 BTC.
• eCash (XEC) traded 0.4% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 1.1% higher against the dollar and now trades at $0.24 or 0.00000378 BTC.

About Monero

Monero 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 18,429,669 coins. The official message board for Monero 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. The official website for Monero is www.getmonero.org. 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 US dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase 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