Monero Reaches 24-Hour Volume of $166.37 Million (XMR)

   2019-10-28 01:10

Monero (CURRENCY:XMR) traded 6.6% higher against the dollar during the 24-hour period ending at 21:00 PM E.T. on October 27th. In the last week, Monero has traded up 6.7% against the dollar. Monero has a total market capitalization of $1.04 billion and approximately $166.37 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be bought for about $60.19 or 0.00625615 BTC on popular exchanges including Stocks.Exchange, Trade Satoshi, OpenLedger DEX and Binance.

Here is how other cryptocurrencies have performed in the last 24 hours:



  • Bytecoin (BCN) traded 4.4% higher against the dollar and now trades at $0.0004 or 0.00000004 BTC.
  • Monero Classic (XMC) traded 3.1% higher against the dollar and now trades at $0.36 or 0.00003731 BTC.
  • DigitalNote (XDN) traded up 4.7% against the dollar and now trades at $0.0007 or 0.00000007 BTC.
  • Aeon (AEON) traded up 4.3% against the dollar and now trades at $0.26 or 0.00002642 BTC.
  • Boolberry (BBR) traded 9.6% higher against the dollar and now trades at $0.18 or 0.00001815 BTC.
  • BitNewChain (BTN) traded 0.8% lower against the dollar and now trades at $0.0124 or 0.00000127 BTC.
  • BitTube (TUBE) traded up 6.3% against the dollar and now trades at $0.0098 or 0.00000102 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 0.3% lower against the dollar and now trades at $0.0028 or 0.00000030 BTC.
  • Karbo (KRB) traded 6.4% higher against the dollar and now trades at $0.0632 or 0.00000645 BTC.

Monero Coin Profile

Monero (CRYPTO:XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on June 2nd, 2014. Monero’s total supply is 17,279,522 coins. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. The official website for Monero 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: LiteBit.eu, HitBTC, Bitlish, TradeOgre, OKEx, Upbit, DragonEX, Mercatox, Coindeal, Bisq, Waves Decentralized Exchange, BTC-Alpha, CoinEx, Bittrex, Bitbns, Braziliex, Poloniex, Exrates, Trade Satoshi, Huobi, BTC Trade UA, Cryptomate, Gate.io, Binance, Liquid, Instant Bitex, BitBay, Exmo, OpenLedger DEX, Coinut, SouthXchange, Nanex, Bithumb, Tux Exchange, B2BX, Cryptopia, Graviex, Stocks.Exchange, Crex24, Bitfinex, Coinbe, Coinroom, Livecoin, Ovis and Kraken. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

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