Monero (XMR) One Day Trading Volume Tops $86.70 Million

Monero (XMR) traded down 4.6% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM ET on November 26th. Monero has a market capitalization of $2.87 billion and approximately $86.70 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $155.80 or 0.00166902 BTC on popular exchanges. In the last seven days, Monero has traded 1.8% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded 2.3% lower against the dollar and now trades at $93,346.35 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.2% against the dollar and now trades at $0.38 or 0.00000412 BTC.
• Bitcoin Cash (BCH) traded 3.8% lower against the dollar and now trades at $490.31 or 0.00525255 BTC.
• UNUS SED LEO (LEO) traded 3% lower against the dollar and now trades at $8.14 or 0.00008719 BTC.
• Litecoin (LTC) traded down 3.1% against the dollar and now trades at $91.33 or 0.00097835 BTC.
• Ethereum Classic (ETC) traded down 6.5% against the dollar and now trades at $28.39 or 0.00030409 BTC.
• Bitcoin SV (BSV) traded down 3.1% against the dollar and now trades at $65.82 or 0.00070507 BTC.
• Arweave (AR) traded 8.6% lower against the dollar and now trades at $19.61 or 0.00021003 BTC.
• eCash (XEC) traded down 3.4% 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.

Monero Coin Profile

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,446,744 coins. 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. The official website for Monero is www.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.”

Monero Coin Trading

It is usually not 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 Coinbase, Gemini or GDAX. 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