Monero (XMR) Tops 24-Hour Trading Volume of $53.13 Million

Monero (XMR) traded up 0.2% against the US dollar during the twenty-four hour period ending at 8:00 AM ET on December 31st. Monero has a market capitalization of $8.02 billion and $53.13 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for approximately $434.81 or 0.00490079 BTC on major exchanges. During the last seven days, Monero has traded up 1.4% against the US dollar.

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

• Arweave (AR) traded down 0.5% against the dollar and now trades at $3.50 or 0.00003942 BTC.
• Bitcoin (BTC) traded up 0.7% against the dollar and now trades at $88,723.25 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.7% lower against the dollar and now trades at $0.12 or 0.00000138 BTC.
• Bitcoin Cash (BCH) traded 0.4% lower against the dollar and now trades at $599.09 or 0.00675236 BTC.
• UNUS SED LEO (LEO) traded up 4.9% against the dollar and now trades at $9.22 or 0.00010392 BTC.
• Zcash (ZEC) traded down 3.8% against the dollar and now trades at $514.94 or 0.00580394 BTC.
• Litecoin (LTC) traded up 0.2% against the dollar and now trades at $77.88 or 0.00087775 BTC.
• Ethereum Classic (ETC) traded down 1.5% against the dollar and now trades at $11.79 or 0.00013285 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded down 0.1% against the dollar and now trades at $0.0704 or 0.00000079 BTC.

Monero Coin 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 18,446,744 coins. 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. The official website for Monero is www.getmonero.org. The official message board for Monero is forum.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)”

Monero Coin Trading

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 GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView