Monero Tops 24 Hour Volume of $114.12 Million (XMR)

Monero (XMR) traded down 0.1% against the US dollar during the one day period ending at 9:00 AM E.T. on September 17th. One Monero coin can currently be purchased for about $500.92 or 0.00652836 BTC on popular cryptocurrency exchanges. In the last week, Monero has traded up 0.1% against the US dollar. Monero has a market capitalization of $9.42 billion and approximately $114.12 million worth of Monero was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded 4.1% higher against the dollar and now trades at $2.58 or 0.00003364 BTC.
• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $76,729.62 or 1.00000000 BTC.
• Zcash (ZEC) traded 11.5% higher against the dollar and now trades at $1,359.76 or 0.01772148 BTC.
• Dogecoin (DOGE) traded up 2.4% against the dollar and now trades at $0.0813 or 0.00000106 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $8.92 or 0.00011625 BTC.
• Bitcoin Cash (BCH) traded 3.7% higher against the dollar and now trades at $225.77 or 0.00294235 BTC.
• Litecoin (LTC) traded 4.5% higher against the dollar and now trades at $52.84 or 0.00068862 BTC.
• Ethereum Classic (ETC) traded 2.5% higher against the dollar and now trades at $7.38 or 0.00009612 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 1% against the dollar and now trades at $16.12 or 0.00021003 BTC.

About Monero

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was April 18th, 2014. Monero’s total supply is 18,805,849 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. Monero’s official message board 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 currently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini 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