Monero (XMR) Hits 1-Day Trading Volume of $214.54 Million

Monero (XMR) traded down 3.5% against the dollar during the one day period ending at 8:00 AM Eastern on November 17th. Over the last seven days, Monero has traded up 2.4% against the dollar. One Monero coin can currently be bought for about $412.74 or 0.00438137 BTC on cryptocurrency exchanges. Monero has a market capitalization of $7.61 billion and $214.54 million worth of Monero was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Arweave (AR) traded down 4.1% against the dollar and now trades at $4.29 or 0.00004555 BTC.
• Bitcoin (BTC) traded down 1.3% against the dollar and now trades at $94,204.00 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.5% against the dollar and now trades at $0.16 or 0.00000170 BTC.
• Zcash (ZEC) traded down 7% against the dollar and now trades at $662.75 or 0.00703530 BTC.
• Bitcoin Cash (BCH) traded 1% higher against the dollar and now trades at $496.35 or 0.00526893 BTC.
• UNUS SED LEO (LEO) traded 1% higher against the dollar and now trades at $9.22 or 0.00009785 BTC.
• Litecoin (LTC) traded 6.2% lower against the dollar and now trades at $94.76 or 0.00100592 BTC.
• Ethereum Classic (ETC) traded 1.5% lower against the dollar and now trades at $14.82 or 0.00015733 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded down 2.8% against the dollar and now trades at $0.13 or 0.00000136 BTC.

Monero Coin Profile

Monero (CRYPTO: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 18,446,744 coins. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official website is www.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 is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.Monero is is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.Blockchain data provided by: Blockchair (Main Source), LocalMonero (Backup), and WhatToMine (Block Time only)”

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 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