Monero Market Cap Achieves $1.63 Billion (XMR)

   2020-02-14 17:02

Monero (CURRENCY:XMR) traded 2.2% higher against the dollar during the 24-hour period ending at 13:00 PM Eastern on February 14th. Monero has a market capitalization of $1.63 billion and approximately $128.28 million worth of Monero was traded on exchanges in the last 24 hours. Over the last week, Monero has traded 17.3% higher against the dollar. One Monero coin can currently be purchased for about $93.47 or 0.00909335 BTC on popular exchanges including B2BX, Bitfinex, Nanex and OKEx.

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



  • Bytecoin (BCN) traded 56.4% higher against the dollar and now trades at $0.0006 or 0.00000006 BTC.
  • Monero Classic (XMC) traded 11.5% lower against the dollar and now trades at $0.43 or 0.00004144 BTC.
  • DigitalNote (XDN) traded 6.5% lower against the dollar and now trades at $0.0006 or 0.00000006 BTC.
  • BitNewChain (BTN) traded up 12.3% against the dollar and now trades at $0.0187 or 0.00000181 BTC.
  • Aeon (AEON) traded 0.2% lower against the dollar and now trades at $0.21 or 0.00002031 BTC.
  • BitTube (TUBE) traded 5% higher against the dollar and now trades at $0.0121 or 0.00000118 BTC.
  • Boolberry (BBR) traded 3.6% lower against the dollar and now trades at $0.20 or 0.00001952 BTC.
  • Sumokoin (SUMO) traded 2.1% lower against the dollar and now trades at $0.12 or 0.00001144 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 16.9% higher against the dollar and now trades at $0.0042 or 0.00000041 BTC.

About Monero

Monero (XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis date was June 2nd, 2014. Monero’s total supply is 17,443,527 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. 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.

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

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