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

Monero (XMR) traded 2.8% higher against the U.S. dollar during the 1-day period ending at 21:00 PM E.T. on November 4th. During the last week, Monero has traded 1.7% lower against the U.S. dollar. One Monero coin can currently be purchased for about $160.88 or 0.00236705 BTC on major cryptocurrency exchanges. Monero has a total market capitalization of $2.97 billion and approximately $53.48 million worth of Monero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 1.3% 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 down 4.7% against the dollar and now trades at $45.54 or 0.00067001 BTC.
• Arweave (AR) traded 5.7% lower against the dollar and now trades at $13.13 or 0.00019317 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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.

Monero Profile

Monero (CRYPTO: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. 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.”

Monero Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView