Monero Hits 1-Day Volume of $53.48 Million (XMR)

Monero (XMR) traded 2.8% higher against the dollar during the 24-hour period ending at 21:00 PM Eastern on November 4th. One Monero coin can now be purchased for approximately $160.88 or 0.00236705 BTC on exchanges. During the last seven days, Monero has traded down 1.7% against the dollar. Monero has a total market cap of $2.97 billion and approximately $53.48 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $67,954.40 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6.7% higher against the dollar and now trades at $0.16 or 0.00000238 BTC.
• Bitcoin Cash (BCH) traded down 2.7% against the dollar and now trades at $329.59 or 0.00484922 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $6.05 or 0.00008900 BTC.
• Litecoin (LTC) traded down 1.8% against the dollar and now trades at $66.02 or 0.00097134 BTC.
• Ethereum Classic (ETC) traded 0.6% lower against the dollar and now trades at $17.75 or 0.00026117 BTC.
• Bitcoin SV (BSV) traded 4.7% lower against the dollar and now trades at $45.54 or 0.00067001 BTC.
• Arweave (AR) traded down 5.7% against the dollar and now trades at $13.13 or 0.00019317 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 2.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Monero

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched 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. Monero’s official website is www.getmonero.org. 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.

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