Monero 1-Day Trading Volume Hits $194.36 Million (XMR)

Monero (XMR) traded 1.2% higher against the dollar during the twenty-four hour period ending at 8:00 AM E.T. on November 13th. One Monero coin can now be purchased for approximately $389.44 or 0.00378251 BTC on major cryptocurrency exchanges. During the last seven days, Monero has traded 11.5% higher against the dollar. Monero has a total market capitalization of $7.18 billion and $194.36 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded 4.9% lower against the dollar and now trades at $4.84 or 0.00004703 BTC.
• Bitcoin (BTC) traded down 2% against the dollar and now trades at $102,957.58 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.3% lower against the dollar and now trades at $0.18 or 0.00000171 BTC.
• Bitcoin Cash (BCH) traded up 0.4% against the dollar and now trades at $529.85 or 0.00514633 BTC.
• UNUS SED LEO (LEO) traded 1.8% lower against the dollar and now trades at $9.07 or 0.00008807 BTC.
• Zcash (ZEC) traded up 7.3% against the dollar and now trades at $507.56 or 0.00492982 BTC.
• Litecoin (LTC) traded 2.1% lower against the dollar and now trades at $100.35 or 0.00097464 BTC.
• Ethereum Classic (ETC) traded down 1.7% against the dollar and now trades at $15.71 or 0.00015263 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded down 1.9% against the dollar and now trades at $0.14 or 0.00000140 BTC.

Monero Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was 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. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website 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.”

Buying and Selling Monero

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

XMR/USD price chart by TradingView