Monero 24 Hour Trading Volume Reaches $63.07 Million (XMR)

Monero (XMR) traded 1.7% lower against the dollar during the 24-hour period ending at 14:00 PM E.T. on July 5th. One Monero coin can currently be purchased for $154.18 or 0.00274614 BTC on major exchanges. In the last week, Monero has traded down 7.6% against the dollar. Monero has a market capitalization of $2.84 billion and approximately $63.07 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 2.8% against the dollar and now trades at $56,145.80 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.7% lower against the dollar and now trades at $0.10 or 0.00000184 BTC.
• Bitcoin Cash (BCH) traded down 5.7% against the dollar and now trades at $322.34 or 0.00574110 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $5.73 or 0.00010202 BTC.
• Litecoin (LTC) traded 9.9% lower against the dollar and now trades at $60.91 or 0.00108489 BTC.
• Ethereum Classic (ETC) traded down 6.9% against the dollar and now trades at $19.91 or 0.00035458 BTC.
• Arweave (AR) traded down 5.2% against the dollar and now trades at $22.19 or 0.00039531 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 7.1% against the dollar and now trades at $35.22 or 0.00062735 BTC.
• eCash (XEC) traded 3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Profile

Monero (CRYPTO:XMR) 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. Monero’s official message board 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.

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 trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini 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