Monero (XMR) Hits 24 Hour Trading Volume of $85.14 Million

Monero (XMR) traded 2.2% lower against the U.S. dollar during the 1-day period ending at 12:00 PM ET on January 25th. Monero has a market cap of $3.13 billion and approximately $85.14 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for approximately $171.52 or 0.00758599 BTC on exchanges. Over the last week, Monero has traded 5.3% higher against the U.S. dollar.

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

• Bitcoin (BTC) traded 1.2% lower against the dollar and now trades at $22,609.93 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.9% against the dollar and now trades at $0.0840 or 0.00000372 BTC.
• Litecoin (LTC) traded down 2.4% against the dollar and now trades at $87.46 or 0.00386833 BTC.
• UNUS SED LEO (LEO) traded 1.8% higher against the dollar and now trades at $3.53 or 0.00015611 BTC.
• Ethereum Classic (ETC) traded down 5.4% against the dollar and now trades at $21.14 or 0.00093496 BTC.
• Bitcoin Cash (BCH) traded down 3% against the dollar and now trades at $128.87 or 0.00569958 BTC.
• DEI (DEI) traded up 0.1% against the dollar and now trades at $0.26 or 0.00001158 BTC.
• Pax Dollar (USDP) traded 0.2% lower against the dollar and now trades at $0.99 or 0.00004399 BTC.
• Bitcoin SV (BSV) traded 6.2% lower against the dollar and now trades at $41.73 or 0.00184553 BTC.
• Zcash (ZEC) traded down 6.2% against the dollar and now trades at $44.32 or 0.00196009 BTC.

About Monero

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,231,650 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 Twitter account is @monero and its Facebook page is accessible here. Monero’s official message board is forum.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)”

Monero Coin Trading

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