Monero One Day Trading Volume Reaches $25.31 Million (XMR)

   2019-01-17 06:01

Monero (CURRENCY:XMR) traded 2.8% higher against the U.S. dollar during the 1-day period ending at 21:00 PM ET on January 16th. Monero has a total market cap of $771.76 million and $25.31 million worth of Monero was traded on exchanges in the last 24 hours. In the last seven days, Monero has traded 12.3% lower against the U.S. dollar. One Monero coin can currently be purchased for about $46.14 or 0.01262432 BTC on exchanges including Mercatox, Exmo, Bitfinex and B2BX.

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



  • Bytecoin (BCN) traded 0.1% lower against the dollar and now trades at $0.0006 or 0.00000017 BTC.
  • Boolberry (BBR) traded up 0.4% against the dollar and now trades at $0.98 or 0.00026743 BTC.
  • DigitalNote (XDN) traded 7.7% higher against the dollar and now trades at $0.0011 or 0.00000029 BTC.
  • Aeon (AEON) traded up 12.8% against the dollar and now trades at $0.29 or 0.00007929 BTC.
  • BitNewChain (BTN) traded 25.9% lower against the dollar and now trades at $0.0242 or 0.00000663 BTC.
  • BitTube (TUBE) traded up 0.2% against the dollar and now trades at $0.0256 or 0.00000701 BTC.
  • Stellite (XTL) traded 8.3% lower against the dollar and now trades at $0.0003 or 0.00000007 BTC.
  • Karbo (KRB) traded down 4.4% against the dollar and now trades at $0.0607 or 0.00001660 BTC.
  • Sumokoin (SUMO) traded down 1.7% against the dollar and now trades at $0.0340 or 0.00000929 BTC.
  • UltraNote Coin (XUN) traded 66.3% lower against the dollar and now trades at $0.0001 or 0.00000002 BTC.

Monero Profile

Monero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 16,725,769 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. Monero’s official website is www.monero.cc.

According to CryptoCompare, “Ring Signature The Basics In cryptography, a ring signature is a type of digital signature that can be performed by any member of a group of users that each have keys. Therefore, a message signed with a ring signature is endorsed by someone in a particular group of people. One of the security properties of a ring signature is that it should be computationally infeasible to determine which of the group members’ keys was used to produce the signature. For instance, a ring signature could be used to provide an anonymous signature from “a high-ranking White House official”, without revealing which official signed the message. Ring signatures are right for this application because the anonymity of a ring signature cannot be revoked, and because the group for a ring signature can be improvised (requires no prior setup).   Application to Monero A ring signature makes use of your account keys and a number of public keys (also known as outputs) pulled from the blockchain using a triangular distribution method. Over the course of time, past outputs could be used multiple times to form possible signer participants. In a “ring” of possible signers, all ring members are equal and valid. There is no way an outside observer can tell which of the possible signers in a signature group belongs to your account. So, ring signatures ensure that transaction outputs are untraceable. Moreover, there are no fungibility issues with Monero given that every transaction output has plausible deniability (e.g. the network can not tell which outputs are spent or unspent). To read how Monero gives you privacy by default (unlinkability), see stealth addresses. “

Buying and Selling Monero

Monero can be bought or sold on these cryptocurrency exchanges: BTC-Alpha, Crex24, Coinbe, Huobi, Waves Decentralized Exchange, Stocks.Exchange, BTC Trade UA, Bittrex, Cryptomate, CoinEx, SouthXchange, Kraken, HitBTC, Upbit, DragonEX, Graviex, Exmo, OpenLedger DEX, LiteBit.eu, Coindeal, Bisq, Binance, Gate.io, Bitbns, Coinroom, Liquid, Nanex, Braziliex, BitBay, Instant Bitex, B2BX, Bitlish, Poloniex, Mercatox, OKEx, Coinut, Livecoin, Ovis, Bitfinex, Cryptopia, TradeOgre, Trade Satoshi, Bithumb, Exrates and Tux Exchange. 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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

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