Monero (XMR) 24-Hour Volume Tops $133.63 Million

Monero (XMR) traded down 0.1% against the US dollar during the 24 hour period ending at 9:00 AM ET on June 17th. Over the last week, Monero has traded up 8.3% against the US dollar. One Monero coin can currently be purchased for approximately $340.99 or 0.00524818 BTC on popular exchanges. Monero has a market cap of $6.40 billion and approximately $133.63 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:

• Arweave (AR) traded 0.3% lower against the dollar and now trades at $2.06 or 0.00003170 BTC.
• Bitcoin (BTC) traded down 2% against the dollar and now trades at $64,972.16 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.4% lower against the dollar and now trades at $0.0861 or 0.00000133 BTC.
• UNUS SED LEO (LEO) traded 0.8% lower against the dollar and now trades at $9.69 or 0.00014920 BTC.
• Zcash (ZEC) traded 5.4% lower against the dollar and now trades at $482.79 or 0.00743078 BTC.
• Bitcoin Cash (BCH) traded 3.5% lower against the dollar and now trades at $212.84 or 0.00327581 BTC.
• Litecoin (LTC) traded down 0.7% against the dollar and now trades at $45.21 or 0.00069578 BTC.
• Ethereum Classic (ETC) traded down 1.2% against the dollar and now trades at $7.33 or 0.00011277 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 7.1% higher against the dollar and now trades at $0.0504 or 0.00000078 BTC.

About 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 18,766,169 coins. Monero’s official message board 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. The official website for Monero is www.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 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 GDAX, Coinbase or Gemini. 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