Monero Reaches 1-Day Trading Volume of $49.57 Million (XMR)

Monero (XMR) traded 2.2% higher against the US dollar during the 1-day period ending at 11:00 AM E.T. on April 23rd. One Monero coin can currently be purchased for approximately $123.66 or 0.00184708 BTC on major cryptocurrency exchanges. Monero has a total market cap of $2.28 billion and approximately $49.57 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded up 6.2% against the US dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 1% higher against the dollar and now trades at $66,949.80 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.8% higher against the dollar and now trades at $0.16 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded up 0.7% against the dollar and now trades at $513.61 or 0.00767162 BTC.
• Litecoin (LTC) traded up 0.1% against the dollar and now trades at $85.03 or 0.00127009 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $5.77 or 0.00008613 BTC.
• Ethereum Classic (ETC) traded up 0.4% against the dollar and now trades at $28.38 or 0.00042395 BTC.
• Arweave (AR) traded 3.8% higher against the dollar and now trades at $34.86 or 0.00052062 BTC.
• Bitcoin SV (BSV) traded 0.9% higher against the dollar and now trades at $72.37 or 0.00108095 BTC.
• eCash (XEC) traded 0.8% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 0.2% higher against the dollar and now trades at $0.25 or 0.00000378 BTC.

Monero Coin Profile

Monero 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 18,427,391 coins. Monero’s official website is www.getmonero.org. The official message board for Monero is forum.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.”

Buying and Selling Monero

It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView