Monero (XMR) Hits Market Cap of $1.48 Billion
Monero (CURRENCY:XMR) traded 0.6% higher against the US dollar during the twenty-four hour period ending at 18:00 PM Eastern on June 11th. Monero has a total market cap of $1.48 billion and approximately $145.54 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for approximately $86.96 or 0.01100345 BTC on exchanges including Coinbe, Coindeal, Bitfinex and Binance. In the last week, Monero has traded 3.3% higher against the US dollar.
Here is how other cryptocurrencies have performed in the last day:
- Bytecoin (BCN) traded 1.8% lower against the dollar and now trades at $0.0009 or 0.00000012 BTC.
- Aeon (AEON) traded down 0.7% against the dollar and now trades at $0.88 or 0.00011073 BTC.
- DigitalNote (XDN) traded down 3.3% against the dollar and now trades at $0.0016 or 0.00000020 BTC.
- Boolberry (BBR) traded 1% lower against the dollar and now trades at $0.64 or 0.00008065 BTC.
- BitNewChain (BTN) traded 1.3% lower against the dollar and now trades at $0.0464 or 0.00000587 BTC.
- BitTube (TUBE) traded down 3% against the dollar and now trades at $0.0429 or 0.00000543 BTC.
- Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
- Digital Insurance Token (DIT) traded 5.1% lower against the dollar and now trades at $0.0036 or 0.00000045 BTC.
- Karbo (KRB) traded down 2.7% against the dollar and now trades at $0.0935 or 0.00001183 BTC.
- Sumokoin (SUMO) traded 1.4% higher against the dollar and now trades at $0.0459 or 0.00000581 BTC.
Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was June 2nd, 2014. Monero’s total supply is 17,036,055 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official website is www.monero.cc. Monero’s official message board is forum.getmonero.org. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here.
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. “
Monero Coin Trading
Monero can be traded on these cryptocurrency exchanges: TradeOgre, Bitbns, Bitlish, Nanex, Graviex, HitBTC, Exrates, OpenLedger DEX, LiteBit.eu, Coinroom, BitBay, Upbit, Coinut, Tux Exchange, Poloniex, CoinEx, Crex24, BTC-Alpha, B2BX, Bittrex, Trade Satoshi, Huobi, Mercatox, Cryptomate, Bisq, Cryptopia, OKEx, SouthXchange, Bithumb, Coinbe, Instant Bitex, Bitfinex, Liquid, Waves Decentralized Exchange, DragonEX, Exmo, BTC Trade UA, Gate.io, Braziliex, Kraken, Livecoin, Stocks.Exchange, Coindeal, Ovis and Binance. 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, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.
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|CryptoCurrency||USD||Change 1h||Change 24h||Change 7d|
|Bitcoin||0.22 %||13.95 %||42.05 %|
|Ethereum||0.13 %||11.71 %||31.40 %|
|XRP||0.02 %||4.84 %||13.97 %|
|Bitcoin Cash||0.06 %||7.41 %||22.60 %|
|Litecoin||0.12 %||2.51 %||0.67 %|
|EOS||0.22 %||4.03 %||8.75 %|
|Binance Coin||0.13 %||1.69 %||8.05 %|
|Bitcoin SV||0.13 %||4.56 %||11.71 %|
|Tether||0.06 %||0.40 %||0.16 %|
|Cardano||1.38 %||7.13 %||14.08 %|
|TRON||0.23 %||2.30 %||19.62 %|
|Stellar||0.08 %||3.31 %||4.07 %|
|LEO Token||0.10 %||5.66 %||7.56 %|
|Monero||1.96 %||3.05 %||15.02 %|
|Cosmos||0.31 %||4.12 %||3.44 %|
|Dash||0.40 %||3.66 %||15.62 %|
|NEO||0.24 %||12.65 %||48.71 %|
|IOTA||0.10 %||7.63 %||11.04 %|
|Ontology||1.10 %||9.45 %||23.99 %|
|Ethereum Classic||0.17 %||4.89 %||13.70 %|