Monero (XMR) One Day Trading Volume Reaches $114.16 Million

Monero (XMR) traded down 3.2% against the U.S. dollar during the twenty-four hour period ending at 8:00 AM Eastern on December 7th. Monero has a market capitalization of $7.00 billion and approximately $114.16 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for about $379.34 or 0.00426275 BTC on cryptocurrency exchanges. In the last week, Monero has traded down 9.1% against the U.S. dollar.

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

• Arweave (AR) traded 1.5% lower against the dollar and now trades at $3.93 or 0.00004417 BTC.
• Bitcoin (BTC) traded 0.7% lower against the dollar and now trades at $88,990.30 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.6% against the dollar and now trades at $0.14 or 0.00000156 BTC.
• Bitcoin Cash (BCH) traded down 2% against the dollar and now trades at $576.56 or 0.00647887 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $9.61 or 0.00010803 BTC.
• Litecoin (LTC) traded 0.9% higher against the dollar and now trades at $82.02 or 0.00092171 BTC.
• Zcash (ZEC) traded 2.9% higher against the dollar and now trades at $346.99 or 0.00389915 BTC.
• Ethereum Classic (ETC) traded 1.2% lower against the dollar and now trades at $13.10 or 0.00014717 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 1.2% higher against the dollar and now trades at $0.10 or 0.00000114 BTC.

Monero Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,446,744 coins. 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. 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 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 presently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView