Monero (XMR) Reaches 24 Hour Trading Volume of $85.55 Million

Monero (XMR) traded 4.4% higher against the U.S. dollar during the one day period ending at 11:00 AM E.T. on January 17th. Monero has a total market capitalization of $4.17 billion and $85.55 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for approximately $226.21 or 0.00216010 BTC on major cryptocurrency exchanges. During the last seven days, Monero has traded 15.3% higher against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 5.4% higher against the dollar and now trades at $104,720.39 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 7.9% against the dollar and now trades at $0.41 or 0.00000395 BTC.
• Litecoin (LTC) traded up 8.1% against the dollar and now trades at $136.26 or 0.00130118 BTC.
• Bitcoin Cash (BCH) traded up 4.4% against the dollar and now trades at $485.16 or 0.00463291 BTC.
• UNUS SED LEO (LEO) traded up 1.1% against the dollar and now trades at $9.74 or 0.00009303 BTC.
• Ethereum Classic (ETC) traded 3.4% higher against the dollar and now trades at $27.95 or 0.00026693 BTC.
• IOTA (MIOTA) traded 1.6% lower against the dollar and now trades at $0.40 or 0.00000380 BTC.
• Arweave (AR) traded up 1.7% against the dollar and now trades at $17.77 or 0.00016970 BTC.
• Bitcoin SV (BSV) traded 2.7% higher against the dollar and now trades at $58.76 or 0.00056113 BTC.
• Zcash (ZEC) traded up 0.5% against the dollar and now trades at $54.87 or 0.00052397 BTC.

About Monero

Monero (CRYPTO: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 official website for Monero 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. Monero’s official Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board is forum.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.”

Monero Coin Trading

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

XMR/USD price chart by TradingView