Monero (XMR) 24 Hour Trading Volume Reaches $84.83 Million

Monero (XMR) traded 1.4% lower against the US dollar during the 24-hour period ending at 23:00 PM ET on July 31st. Monero has a total market capitalization of $2.88 billion and approximately $84.83 million worth of Monero was traded on exchanges in the last 24 hours. Over the last seven days, Monero has traded down 1.1% against the US dollar. One Monero coin can now be bought for approximately $156.22 or 0.00244263 BTC on major exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 3.2% lower against the dollar and now trades at $63,956.51 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.3% lower against the dollar and now trades at $0.12 or 0.00000189 BTC.
• Bitcoin Cash (BCH) traded 4.3% lower against the dollar and now trades at $415.85 or 0.00650202 BTC.
• Litecoin (LTC) traded down 2.2% against the dollar and now trades at $70.70 or 0.00110537 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.68 or 0.00008887 BTC.
• Ethereum Classic (ETC) traded 1.8% lower against the dollar and now trades at $21.92 or 0.00034277 BTC.
• Arweave (AR) traded down 2.1% against the dollar and now trades at $29.25 or 0.00045730 BTC.
• Bitcoin SV (BSV) traded 2.8% lower against the dollar and now trades at $49.64 or 0.00077613 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded up 1.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Monero

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. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. Monero’s official website is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board is forum.getmonero.org.

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 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 Changelly, Coinbase or GDAX. 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