Monero Hits One Day Trading Volume of $49.93 Million (XMR)

Monero (XMR) traded up 0.2% against the dollar during the twenty-four hour period ending at 7:00 AM E.T. on November 3rd. Monero has a market cap of $2.89 billion and approximately $49.93 million worth of Monero was traded on exchanges in the last 24 hours. During the last week, Monero has traded down 2.5% against the dollar. One Monero coin can now be bought for $156.68 or 0.00229312 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 1.8% against the dollar and now trades at $68,336.73 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 7% against the dollar and now trades at $0.15 or 0.00000217 BTC.
• Bitcoin Cash (BCH) traded down 1.9% against the dollar and now trades at $341.87 or 0.00500361 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.05 or 0.00008857 BTC.
• Litecoin (LTC) traded down 5% against the dollar and now trades at $67.23 or 0.00098403 BTC.
• Ethereum Classic (ETC) traded down 2.7% against the dollar and now trades at $17.82 or 0.00026076 BTC.
• Bitcoin SV (BSV) traded down 5.2% against the dollar and now trades at $47.20 or 0.00069076 BTC.
• Arweave (AR) traded 6.5% lower against the dollar and now trades at $13.83 or 0.00020238 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 4.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on 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. 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. 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 presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView