Monero (XMR) Reaches 24-Hour Volume of $45.10 Million

Monero (XMR) traded up 0% against the U.S. dollar during the 24-hour period ending at 20:00 PM E.T. on September 18th. Over the last seven days, Monero has traded up 4.2% against the U.S. dollar. One Monero coin can currently be bought for $145.79 or 0.00544590 BTC on exchanges. Monero has a market cap of $2.67 billion and approximately $45.10 million worth of Monero was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 0.9% against the dollar and now trades at $26,771.30 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.8% higher against the dollar and now trades at $0.0620 or 0.00000232 BTC.
• Litecoin (LTC) traded 3.6% higher against the dollar and now trades at $65.89 or 0.00246106 BTC.
• Bitcoin Cash (BCH) traded 3.6% higher against the dollar and now trades at $217.38 or 0.00812008 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $3.66 or 0.00013659 BTC.
• Ethereum Classic (ETC) traded up 1.8% against the dollar and now trades at $15.69 or 0.00058610 BTC.
• DEI (DEI) traded 1.3% lower against the dollar and now trades at $0.0121 or 0.00000045 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 2.2% against the dollar and now trades at $31.59 or 0.00118009 BTC.
• eCash (XEC) traded 13.2% higher 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 18,333,511 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 Twitter account is @monero and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. The official website for Monero is www.getmonero.org.

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 buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView