Monero (XMR) Reaches 24-Hour Trading Volume of $89.29 Million

Monero (XMR) traded 0.9% higher against the dollar during the 1 day period ending at 8:00 AM ET on July 15th. One Monero coin can now be bought for $327.98 or 0.00506521 BTC on popular cryptocurrency exchanges. In the last week, Monero has traded 1.8% higher against the dollar. Monero has a total market cap of $6.16 billion and approximately $89.29 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:

• Arweave (AR) traded up 2.5% against the dollar and now trades at $2.00 or 0.00003086 BTC.
• Bitcoin (BTC) traded 2.2% higher against the dollar and now trades at $64,750.59 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.4% higher against the dollar and now trades at $0.0739 or 0.00000114 BTC.
• Zcash (ZEC) traded up 11.6% against the dollar and now trades at $575.58 or 0.00888921 BTC.
• UNUS SED LEO (LEO) traded up 2.5% against the dollar and now trades at $9.79 or 0.00015125 BTC.
• Bitcoin Cash (BCH) traded 1.8% lower against the dollar and now trades at $235.74 or 0.00364067 BTC.
• Litecoin (LTC) traded 2.9% higher against the dollar and now trades at $45.37 or 0.00070070 BTC.
• Ethereum Classic (ETC) traded up 2.1% against the dollar and now trades at $7.07 or 0.00010922 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 3.7% lower against the dollar and now trades at $13.47 or 0.00020804 BTC.

Monero Coin Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was April 18th, 2014. Monero’s total supply is 18,778,266 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 message board for Monero is forum.getmonero.org. Monero’s official website is www.getmonero.org.

According to CryptoCompare, “Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity. Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions. Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView