Monero (XMR) Market Cap Achieves $1.13 Billion

   2020-05-16 17:05

Monero (CURRENCY:XMR) traded down 0.5% against the US dollar during the one day period ending at 13:00 PM E.T. on May 16th. One Monero coin can currently be purchased for about $64.28 or 0.00686255 BTC on major cryptocurrency exchanges including B2BX, DragonEX, CoinEx and Tux Exchange. Over the last week, Monero has traded up 0.9% against the US dollar. Monero has a market capitalization of $1.13 billion and approximately $80.33 million worth of Monero was traded on exchanges in the last 24 hours.

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



  • Bytecoin (BCN) traded 7.2% lower against the dollar and now trades at $0.0002 or 0.00000003 BTC.
  • Aeon (AEON) traded 2.7% higher against the dollar and now trades at $0.48 or 0.00005089 BTC.
  • Monero Classic (XMC) traded 57.7% lower against the dollar and now trades at $0.20 or 0.00002151 BTC.
  • BitTube (TUBE) traded down 1.3% against the dollar and now trades at $0.0099 or 0.00000106 BTC.
  • DigitalNote (XDN) traded 20.7% higher against the dollar and now trades at $0.0003 or 0.00000003 BTC.
  • Boolberry (BBR) traded down 1.3% against the dollar and now trades at $0.16 or 0.00001752 BTC.
  • Sumokoin (SUMO) traded down 1.3% against the dollar and now trades at $0.0660 or 0.00000705 BTC.
  • Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
  • BitNewChain (BTN) traded 23.4% lower against the dollar and now trades at $0.0046 or 0.00000049 BTC.
  • Digital Insurance Token (DIT) traded down 0.1% against the dollar and now trades at $0.0023 or 0.00000024 BTC.

About Monero

XMR is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 17,562,402 coins. The official website for Monero is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. Monero’s official message board is forum.getmonero.org. 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: OpenLedger DEX, Instant Bitex, Gate.io, Kraken, Bittrex, Poloniex, Exmo, Braziliex, Graviex, Bisq, Coindeal, Coinroom, CoinEx, Bitfinex, DragonEX, Upbit, Livecoin, Trade Satoshi, Bithumb, SouthXchange, Bitlish, Exrates, Cryptopia, Coinut, BitBay, Nanex, B2BX, Crex24, BTC-Alpha, TradeOgre, Coinbe, Tux Exchange, LiteBit.eu, Binance, HitBTC, Stocks.Exchange, Bitbns, Waves Decentralized Exchange, OKEx, BTC Trade UA, Liquid, Mercatox, Ovis, Huobi and Cryptomate. It is usually not presently 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, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

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