Monero Reaches 24-Hour Volume of $58.24 Million (XMR)

Monero (XMR) traded 1.5% lower against the dollar during the 24-hour period ending at 10:00 AM ET on February 22nd. Over the last seven days, Monero has traded 0.6% higher against the dollar. Monero has a total market cap of $4.32 billion and approximately $58.24 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for $234.26 or 0.00242593 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded down 1.6% against the dollar and now trades at $96,585.74 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.1% against the dollar and now trades at $0.24 or 0.00000253 BTC.
• Litecoin (LTC) traded 4.9% lower against the dollar and now trades at $127.41 or 0.00131944 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $9.71 or 0.00010053 BTC.
• Bitcoin Cash (BCH) traded 3% lower against the dollar and now trades at $319.40 or 0.00330760 BTC.
• Ethereum Classic (ETC) traded down 4.4% against the dollar and now trades at $20.32 or 0.00021038 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded down 6.2% against the dollar and now trades at $0.22 or 0.00000231 BTC.
• Bitcoin SV (BSV) traded down 4.1% against the dollar and now trades at $37.15 or 0.00038474 BTC.
• Arweave (AR) traded down 6.5% against the dollar and now trades at $9.47 or 0.00009804 BTC.

Monero Profile

Monero (XMR) 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. 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. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible 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 presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US 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