Monero 24-Hour Volume Reaches $95.08 Million (XMR)

Monero (XMR) traded 2.7% higher against the U.S. dollar during the 24 hour period ending at 8:00 AM Eastern on December 27th. Monero has a market cap of $8.36 billion and $95.08 million worth of Monero was traded on exchanges in the last 24 hours. Over the last seven days, Monero has traded down 0.5% against the U.S. dollar. One Monero coin can now be purchased for about $453.08 or 0.00518447 BTC on major cryptocurrency exchanges.

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

• Arweave (AR) traded 0% lower against the dollar and now trades at $3.46 or 0.00003964 BTC.
• Bitcoin (BTC) traded down 1.7% against the dollar and now trades at $87,397.64 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.4% lower against the dollar and now trades at $0.12 or 0.00000141 BTC.
• Bitcoin Cash (BCH) traded up 1.1% against the dollar and now trades at $612.64 or 0.00701034 BTC.
• Zcash (ZEC) traded 13.3% higher against the dollar and now trades at $507.54 or 0.00580767 BTC.
• UNUS SED LEO (LEO) traded down 0.9% against the dollar and now trades at $8.38 or 0.00009585 BTC.
• Litecoin (LTC) traded up 1% against the dollar and now trades at $78.13 or 0.00089402 BTC.
• Ethereum Classic (ETC) traded 0.6% lower against the dollar and now trades at $11.82 or 0.00013530 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 0.2% lower against the dollar and now trades at $0.0732 or 0.00000084 BTC.

About Monero

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

According to CryptoCompare, “Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)”

Buying and Selling Monero

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

XMR/USD price chart by TradingView