Monero 24 Hour Volume Hits $108.41 Million (XMR)

Monero (XMR) traded 0.1% higher against the dollar during the 1-day period ending at 8:00 AM Eastern on August 12th. Over the last week, Monero has traded 11.5% higher against the dollar. Monero has a market cap of $7.42 billion and $108.41 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for approximately $394.81 or 0.00616817 BTC on popular cryptocurrency exchanges.

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

• Arweave (AR) traded down 0.7% against the dollar and now trades at $1.79 or 0.00002800 BTC.
• Bitcoin (BTC) traded 0.3% lower against the dollar and now trades at $64,007.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.8% against the dollar and now trades at $0.0719 or 0.00000112 BTC.
• UNUS SED LEO (LEO) traded down 2.6% against the dollar and now trades at $9.16 or 0.00014309 BTC.
• Zcash (ZEC) traded 1.2% higher against the dollar and now trades at $492.31 or 0.00769145 BTC.
• Bitcoin Cash (BCH) traded up 1.2% against the dollar and now trades at $215.94 or 0.00337374 BTC.
• Litecoin (LTC) traded 0.4% higher against the dollar and now trades at $45.51 or 0.00071103 BTC.
• Ethereum Classic (ETC) traded up 1.3% against the dollar and now trades at $6.48 or 0.00010121 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 0% lower against the dollar and now trades at $14.51 or 0.00022666 BTC.

Monero 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 18,790,282 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 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)Telegram, Facebook, BitcoinTalk, GitHub, RedditWhitepaper”

Monero Coin Trading

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 Coinbase, Gemini 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