Monero (XMR) Tops 24 Hour Volume of $68.29 Million

Monero (XMR) traded 8.8% higher against the US dollar during the 1-day period ending at 21:00 PM E.T. on May 5th. Monero has a total market cap of $2.48 billion and approximately $68.29 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for about $134.30 or 0.00208484 BTC on major cryptocurrency exchanges. During the last seven days, Monero has traded 5.6% higher against the US dollar.

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

• Bitcoin (BTC) traded 1.7% higher against the dollar and now trades at $64,428.50 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.8% higher against the dollar and now trades at $0.16 or 0.00000253 BTC.
• Bitcoin Cash (BCH) traded 2.5% higher against the dollar and now trades at $471.74 or 0.00732305 BTC.
• Litecoin (LTC) traded 0.5% higher against the dollar and now trades at $81.62 or 0.00126702 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $5.84 or 0.00009065 BTC.
• Ethereum Classic (ETC) traded 4.4% higher against the dollar and now trades at $27.90 or 0.00043314 BTC.
• Arweave (AR) traded 12% higher against the dollar and now trades at $40.35 or 0.00062633 BTC.
• Bitcoin SV (BSV) traded 1.4% higher against the dollar and now trades at $65.17 or 0.00101168 BTC.
• eCash (XEC) traded 2.2% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 5.7% higher against the dollar and now trades at $0.23 or 0.00000363 BTC.

About 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 18,432,793 coins. The official message board for Monero is forum.getmonero.org. Monero’s official website 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. 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.”

Buying and Selling Monero

It is usually not currently 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, GDAX 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