Monero (XMR) Reaches 24 Hour Volume of $43.53 Million

Monero (XMR) traded down 1.6% against the dollar during the 24 hour period ending at 21:00 PM E.T. on May 7th. In the last week, Monero has traded 7.2% higher against the dollar. One Monero coin can currently be purchased for about $128.35 or 0.00204926 BTC on exchanges. Monero has a total market capitalization of $2.37 billion and approximately $43.53 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 1.7% lower against the dollar and now trades at $62,617.64 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.2% against the dollar and now trades at $0.15 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded 1.7% lower against the dollar and now trades at $468.88 or 0.00748649 BTC.
• Litecoin (LTC) traded 0.4% lower against the dollar and now trades at $80.86 or 0.00129099 BTC.
• UNUS SED LEO (LEO) traded 0.8% higher against the dollar and now trades at $5.86 or 0.00009352 BTC.
• Ethereum Classic (ETC) traded up 0.3% against the dollar and now trades at $27.32 or 0.00043613 BTC.
• Arweave (AR) traded down 6.5% against the dollar and now trades at $38.25 or 0.00061079 BTC.
• Bitcoin SV (BSV) traded 1.3% lower against the dollar and now trades at $63.39 or 0.00101206 BTC.
• eCash (XEC) traded down 1.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Conflux (CFX) traded 3.2% lower against the dollar and now trades at $0.21 or 0.00000338 BTC.

About Monero

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 18,433,655 coins. 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. 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.”

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 Gemini, GDAX or Coinbase. 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