Monero (XMR) 24 Hour Trading Volume Hits $46.88 Million

Monero (XMR) traded down 5.9% against the US dollar during the 1-day period ending at 22:00 PM Eastern on April 18th. Monero has a market capitalization of $2.06 billion and approximately $46.88 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded 16.6% lower against the US dollar. One Monero coin can currently be bought for $111.53 or 0.00185335 BTC on major exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 2.2% against the dollar and now trades at $60,178.26 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.9% against the dollar and now trades at $0.14 or 0.00000235 BTC.
• Bitcoin Cash (BCH) traded down 3.7% against the dollar and now trades at $451.23 or 0.00749825 BTC.
• Litecoin (LTC) traded down 4% against the dollar and now trades at $76.90 or 0.00127791 BTC.
• UNUS SED LEO (LEO) traded down 1.6% against the dollar and now trades at $5.82 or 0.00009676 BTC.
• Ethereum Classic (ETC) traded 4.2% lower against the dollar and now trades at $24.42 or 0.00040575 BTC.
• Arweave (AR) traded down 3.8% against the dollar and now trades at $23.07 or 0.00038343 BTC.
• Bitcoin SV (BSV) traded down 4.5% against the dollar and now trades at $62.37 or 0.00103634 BTC.
• eCash (XEC) traded 4.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded 8.3% lower against the dollar and now trades at $0.21 or 0.00000350 BTC.

Monero Profile

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 18,425,430 coins. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. Monero’s official website is www.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.”

Monero Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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