Monero Reaches 24-Hour Trading Volume of $71.78 Million (XMR)

Monero (XMR) traded 1.2% lower against the US dollar during the one day period ending at 10:00 AM E.T. on November 22nd. One Monero coin can now be bought for about $158.04 or 0.00162465 BTC on popular exchanges. Monero has a market capitalization of $2.92 billion and approximately $71.78 million worth of Monero was traded on exchanges in the last day. Over the last week, Monero has traded up 7% against the US dollar.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 1.4% against the dollar and now trades at $97,276.46 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.4% against the dollar and now trades at $0.40 or 0.00000408 BTC.
• Bitcoin Cash (BCH) traded down 2.7% against the dollar and now trades at $474.63 or 0.00487914 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $8.78 or 0.00009030 BTC.
• Litecoin (LTC) traded 0.9% lower against the dollar and now trades at $88.56 or 0.00091035 BTC.
• Ethereum Classic (ETC) traded 1.2% lower against the dollar and now trades at $27.32 or 0.00028083 BTC.
• Bitcoin SV (BSV) traded down 4.9% against the dollar and now trades at $66.20 or 0.00068050 BTC.
• Arweave (AR) traded 5.1% lower against the dollar and now trades at $17.35 or 0.00017841 BTC.
• eCash (XEC) traded down 2.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Monero

Monero 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 18,446,744 coins. Monero’s official message board is forum.getmonero.org. The official website for Monero 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. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView