Monero 1-Day Trading Volume Hits $44.99 Million (XMR)

Monero (XMR) traded up 1.1% against the U.S. dollar during the 1 day period ending at 19:00 PM Eastern on June 28th. One Monero coin can now be bought for approximately $167.62 or 0.00277938 BTC on popular cryptocurrency exchanges. Over the last seven days, Monero has traded up 5.1% against the U.S. dollar. Monero has a total market capitalization of $3.09 billion and approximately $44.99 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 2% lower against the dollar and now trades at $60,307.59 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3% against the dollar and now trades at $0.12 or 0.00000204 BTC.
• Bitcoin Cash (BCH) traded down 0.9% against the dollar and now trades at $385.35 or 0.00638970 BTC.
• Litecoin (LTC) traded 0.3% lower against the dollar and now trades at $72.80 or 0.00120722 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.73 or 0.00009510 BTC.
• Ethereum Classic (ETC) traded down 2.8% against the dollar and now trades at $23.37 or 0.00038751 BTC.
• Arweave (AR) traded up 1% against the dollar and now trades at $26.50 or 0.00043944 BTC.
• Bitcoin SV (BSV) traded down 3% against the dollar and now trades at $44.18 or 0.00073253 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 5.1% lower against the dollar and now trades at $0.16 or 0.00000271 BTC.

Monero Coin Profile

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 18,446,744 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official website for Monero is www.getmonero.org. Monero’s official message board 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.

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 presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini 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