Monero (XMR) Trading Down 1.7% Over Last 7 Days
Monero (CURRENCY:XMR) traded down 0.8% against the US dollar during the 24 hour period ending at 20:00 PM Eastern on August 12th. One Monero coin can currently be purchased for $91.21 or 0.00801093 BTC on popular exchanges including Bitfinex, Ovis, Livecoin and Exmo. Monero has a total market cap of $1.56 billion and $80.25 million worth of Monero was traded on exchanges in the last 24 hours. During the last week, Monero has traded down 1.7% against the US dollar.
Here is how other cryptocurrencies have performed during the last 24 hours:
- Bytecoin (BCN) traded 1.4% lower against the dollar and now trades at $0.0006 or 0.00000006 BTC.
- Aeon (AEON) traded down 5.9% against the dollar and now trades at $0.60 or 0.00005229 BTC.
- Boolberry (BBR) traded 2.7% lower against the dollar and now trades at $0.48 or 0.00004252 BTC.
- DigitalNote (XDN) traded down 9.9% against the dollar and now trades at $0.0008 or 0.00000007 BTC.
- BitNewChain (BTN) traded 3.5% lower against the dollar and now trades at $0.0270 or 0.00000237 BTC.
- BitTube (TUBE) traded 7.7% lower against the dollar and now trades at $0.0179 or 0.00000158 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 15.2% lower against the dollar and now trades at $0.0031 or 0.00000027 BTC.
- Karbo (KRB) traded 0.6% higher against the dollar and now trades at $0.0792 or 0.00000695 BTC.
- Sumokoin (SUMO) traded 1.2% lower against the dollar and now trades at $0.0411 or 0.00000361 BTC.
Monero 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 17,151,302 coins. Monero’s official message board 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. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed 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. “
Buying and Selling Monero
Monero can be traded on these cryptocurrency exchanges: Coinut, OKEx, Upbit, HitBTC, Coinbe, OpenLedger DEX, Liquid, Cryptomate, Bitfinex, Gate.io, Crex24, Coindeal, Waves Decentralized Exchange, Bitlish, Huobi, BTC Trade UA, Bitbns, Exrates, Bisq, TradeOgre, CoinEx, Graviex, Nanex, BitBay, B2BX, Coinroom, Binance, Cryptopia, Stocks.Exchange, BTC-Alpha, Kraken, Tux Exchange, Bithumb, Poloniex, Instant Bitex, Trade Satoshi, LiteBit.eu, Mercatox, Bittrex, Livecoin, Exmo, DragonEX, Ovis, SouthXchange and Braziliex. It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.
Receive News & Updates for Monero Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Monero and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.
|CryptoCurrency||USD||Change 1h||Change 24h||Change 7d|
|Bitcoin||0.09 %||0.78 %||7.93 %|
|Ethereum||0.31 %||5.57 %||5.44 %|
|XRP||0.44 %||6.02 %||5.59 %|
|Bitcoin Cash||0.10 %||2.89 %||0.65 %|
|Litecoin||0.77 %||4.96 %||9.96 %|
|Binance Coin||0.49 %||1.03 %||5.46 %|
|EOS||0.28 %||4.18 %||8.85 %|
|Tether||0.01 %||0.03 %||0.23 %|
|Bitcoin SV||0.17 %||1.59 %||2.86 %|
|Cardano||1.03 %||5.22 %||4.15 %|
|Monero||0.13 %||1.50 %||6.85 %|
|Stellar||0.23 %||2.03 %||5.86 %|
|LEO Token||0.82 %||6.88 %||6.14 %|
|Huobi Token||0.21 %||1.69 %||2.04 %|
|TRON||0.24 %||3.00 %||13.65 %|
|Tezos||1.37 %||1.78 %||11.75 %|
|OKB||0.35 %||0.10 %||8.85 %|
|ChainLink||1.16 %||4.53 %||7.19 %|
|Dash||0.14 %||2.33 %||4.11 %|
|Cosmos||0.53 %||2.59 %||11.81 %|