Monero Hits 24-Hour Trading Volume of $90.51 Million (XMR)

   2019-08-14 02:08

Monero (CURRENCY:XMR) traded 8% lower against the U.S. dollar during the twenty-four hour period ending at 22:00 PM Eastern on August 13th. Over the last seven days, Monero has traded down 7.6% against the U.S. dollar. Monero has a market capitalization of $1.44 billion and approximately $90.51 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be bought for approximately $83.80 or 0.00791933 BTC on exchanges including OpenLedger DEX, Bitfinex, BTC-Alpha and BTC Trade UA.

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



  • Bytecoin (BCN) traded down 5.3% against the dollar and now trades at $0.0006 or 0.00000006 BTC.
  • Aeon (AEON) traded 6% higher against the dollar and now trades at $0.69 or 0.00006482 BTC.
  • Boolberry (BBR) traded down 11.3% against the dollar and now trades at $0.43 or 0.00004052 BTC.
  • DigitalNote (XDN) traded 7.2% lower against the dollar and now trades at $0.0007 or 0.00000007 BTC.
  • BitNewChain (BTN) traded down 22.7% against the dollar and now trades at $0.0209 or 0.00000197 BTC.
  • BitTube (TUBE) traded 7.3% lower against the dollar and now trades at $0.0168 or 0.00000159 BTC.
  • Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
  • Digital Insurance Token (DIT) traded up 23% against the dollar and now trades at $0.0033 or 0.00000031 BTC.
  • Karbo (KRB) traded 3.8% lower against the dollar and now trades at $0.0759 or 0.00000718 BTC.
  • Sumokoin (SUMO) traded 3.5% lower against the dollar and now trades at $0.0394 or 0.00000372 BTC.

About Monero

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 17,153,186 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org. 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.

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: Coindeal, Braziliex, Bithumb, Coinut, Bitfinex, SouthXchange, BTC-Alpha, Bittrex, Trade Satoshi, Mercatox, Coinbe, Exmo, Crex24, LiteBit.eu, Exrates, Gate.io, Nanex, Ovis, Binance, TradeOgre, Waves Decentralized Exchange, CoinEx, Kraken, HitBTC, Instant Bitex, Upbit, Tux Exchange, OKEx, Cryptopia, Stocks.Exchange, Cryptomate, Coinroom, Bitlish, Bisq, Huobi, BTC Trade UA, Graviex, Poloniex, Bitbns, BitBay, Livecoin, DragonEX, Liquid, B2BX and OpenLedger DEX. It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

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