Monero (XMR) Trading 5.3% Lower Over Last Week
Monero (CURRENCY:XMR) traded up 1.5% against the U.S. dollar during the twenty-four hour period ending at 7:00 AM E.T. on June 9th. During the last week, Monero has traded 5.3% lower against the U.S. dollar. Monero has a total market cap of $4.60 billion and $351.49 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for approximately $256.84 or 0.00740815 BTC on major exchanges.
Here is how other cryptocurrencies have performed during the last 24 hours:
- Bytecoin (BCN) traded 223.6% higher against the dollar and now trades at $0.0015 or 0.00000004 BTC.
- Aeon (AEON) traded 0% lower against the dollar and now trades at $1.04 or 0.00002996 BTC.
- DigitalNote (XDN) traded up 5% against the dollar and now trades at $0.0028 or 0.00000008 BTC.
- Infinitus Token (INF) traded 0.1% higher against the dollar and now trades at $0.15 or 0.00000434 BTC.
- Monero Classic (XMC) traded 3.8% lower against the dollar and now trades at $0.48 or 0.00001376 BTC.
- Sumokoin (SUMO) traded down 0.7% against the dollar and now trades at $0.11 or 0.00000318 BTC.
- BitTube (TUBE) traded 7.5% higher against the dollar and now trades at $0.0084 or 0.00000024 BTC.
- Karbo (KRB) traded 5.9% higher against the dollar and now trades at $0.13 or 0.00000381 BTC.
- PluraCoin (PLURA) traded up 57% against the dollar and now trades at $0.0010 or 0.00000003 BTC.
- BitNewChain (BTN) traded down 0.1% against the dollar and now trades at $0.0025 or 0.00000005 BTC.
XMR is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 17,927,977 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official website is ww.getmonero.org. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official message board for Monero is forum.getmonero.org.
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
It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.
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|CryptoCurrency||USD||Change 1h||Change 24h||Change 7d|
|Bitcoin||0.91 %||4.62 %||2.25 %|
|Ethereum||1.44 %||5.94 %||11.95 %|
|Tether||---||0.29 %||0.66 %|
|Binance Coin||0.86 %||4.53 %||5.53 %|
|Cardano||0.57 %||4.91 %||8.68 %|
|Dogecoin||0.44 %||5.04 %||12.33 %|
|XRP||0.66 %||4.54 %||9.58 %|
|USD Coin||0.21 %||0.26 %||0.51 %|
|Polkadot||1.23 %||7.60 %||8.89 %|
|Uniswap||1.68 %||7.53 %||15.13 %|
|Bitcoin Cash||1.27 %||5.70 %||7.59 %|
|Litecoin||1.44 %||6.19 %||7.83 %|
|Solana||1.13 %||8.38 %||13.87 %|
|Binance USD||0.02 %||0.30 %||0.31 %|
|Chainlink||1.68 %||8.86 %||9.31 %|
|Theta Network||1.73 %||7.17 %||1.44 %|
|Polygon||1.42 %||8.82 %||1.86 %|
|Wrapped Bitcoin||0.82 %||4.42 %||1.41 %|
|Stellar||2.63 %||7.36 %||14.68 %|
|Ethereum Classic||1.10 %||5.02 %||10.56 %|