Monero (XMR) One Day Trading Volume Tops $158.63 Million

Monero (XMR) traded 0.4% lower against the dollar during the 1 day period ending at 9:00 AM E.T. on September 1st. During the last week, Monero has traded up 17.4% against the dollar. One Monero coin can currently be purchased for about $516.49 or 0.00662483 BTC on popular exchanges. Monero has a market capitalization of $9.71 billion and approximately $158.63 million worth of Monero was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Arweave (AR) traded up 6.9% against the dollar and now trades at $2.21 or 0.00002838 BTC.
• Bitcoin (BTC) traded down 0% against the dollar and now trades at $77,962.54 or 1.00000000 BTC.
• Zcash (ZEC) traded 3.1% higher against the dollar and now trades at $847.58 or 0.01087164 BTC.
• Dogecoin (DOGE) traded up 0.2% against the dollar and now trades at $0.0827 or 0.00000106 BTC.
• UNUS SED LEO (LEO) traded down 2.3% against the dollar and now trades at $9.41 or 0.00012065 BTC.
• Bitcoin Cash (BCH) traded up 0.4% against the dollar and now trades at $247.04 or 0.00316875 BTC.
• Litecoin (LTC) traded up 1.5% against the dollar and now trades at $49.17 or 0.00063063 BTC.
• Ethereum Classic (ETC) traded down 0.1% against the dollar and now trades at $7.25 or 0.00009300 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 0.4% against the dollar and now trades at $15.77 or 0.00020222 BTC.

Monero Profile

Monero (CRYPTO:XMR) 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 18,798,950 coins. Monero’s official message board is forum.getmonero.org. Monero’s official website is www.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.

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

XMR/USD price chart by TradingView