Monero Tops 24-Hour Trading Volume of $79.59 Million (XMR)

Monero (XMR) traded down 0.2% against the dollar during the 1 day period ending at 12:00 PM E.T. on July 28th. Monero has a market cap of $3.03 billion and approximately $79.59 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded 0.4% higher against the dollar. One Monero coin can currently be bought for $164.36 or 0.00242759 BTC on major exchanges.

Here’s how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 1.5% against the dollar and now trades at $67,704.11 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.8% against the dollar and now trades at $0.13 or 0.00000192 BTC.
• Bitcoin Cash (BCH) traded up 1.5% against the dollar and now trades at $400.93 or 0.00592186 BTC.
• UNUS SED LEO (LEO) traded 0.8% higher against the dollar and now trades at $5.86 or 0.00008650 BTC.
• Litecoin (LTC) traded 1.4% lower against the dollar and now trades at $70.99 or 0.00104857 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $22.61 or 0.00033398 BTC.
• Arweave (AR) traded 4.3% lower against the dollar and now trades at $30.49 or 0.00045041 BTC.
• Bitcoin SV (BSV) traded down 3% against the dollar and now trades at $44.91 or 0.00066326 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 1.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

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. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. Monero’s official website is www.getmonero.org. Monero’s official message board is forum.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.”

Buying and Selling Monero

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

XMR/USD price chart by TradingView