Monero Tops 24-Hour Volume of $120.90 Million (XMR)

Monero (XMR) traded 1.2% higher against the U.S. dollar during the 24 hour period ending at 8:00 AM ET on May 20th. During the last seven days, Monero has traded down 1.8% against the U.S. dollar. One Monero coin can now be purchased for about $397.84 or 0.00513657 BTC on popular exchanges. Monero has a market capitalization of $7.34 billion and $120.90 million worth of Monero was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Arweave (AR) traded up 2.9% against the dollar and now trades at $2.16 or 0.00002785 BTC.
• Bitcoin (BTC) traded 0.8% higher against the dollar and now trades at $77,453.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.4% against the dollar and now trades at $0.10 or 0.00000134 BTC.
• Zcash (ZEC) traded 4.5% higher against the dollar and now trades at $580.06 or 0.00748912 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $10.04 or 0.00012967 BTC.
• Bitcoin Cash (BCH) traded down 4.5% against the dollar and now trades at $366.14 or 0.00472729 BTC.
• Litecoin (LTC) traded 0.4% lower against the dollar and now trades at $53.97 or 0.00069677 BTC.
• Ethereum Classic (ETC) traded 1.2% higher against the dollar and now trades at $8.97 or 0.00011579 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded up 0.7% against the dollar and now trades at $0.0581 or 0.00000075 BTC.

About Monero

Monero (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 official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. 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.

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 purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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