Monero (XMR) One Day Trading Volume Reaches $69.64 Million

Monero (XMR) traded 0.5% higher against the US dollar during the 24-hour period ending at 10:00 AM E.T. on December 24th. During the last week, Monero has traded down 12.5% against the US dollar. Monero has a market capitalization of $3.52 billion and approximately $69.64 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be bought for about $190.70 or 0.00195750 BTC on exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 4.5% higher against the dollar and now trades at $97,418.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.2% against the dollar and now trades at $0.33 or 0.00000341 BTC.
• Bitcoin Cash (BCH) traded 8.6% higher against the dollar and now trades at $473.03 or 0.00485564 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $9.43 or 0.00009677 BTC.
• Litecoin (LTC) traded 8.9% higher against the dollar and now trades at $109.24 or 0.00112132 BTC.
• Ethereum Classic (ETC) traded up 7.3% against the dollar and now trades at $27.92 or 0.00028660 BTC.
• IOTA (MIOTA) traded up 18% against the dollar and now trades at $0.35 or 0.00000356 BTC.
• Arweave (AR) traded up 13.1% against the dollar and now trades at $17.87 or 0.00018345 BTC.
• Zcash (ZEC) traded up 15.5% against the dollar and now trades at $69.87 or 0.00071717 BTC.
• Bitcoin SV (BSV) traded 7.1% higher against the dollar and now trades at $57.25 or 0.00058765 BTC.

Monero Profile

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 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 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 Coinbase, Changelly or GDAX. 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