Monero Trading Down 11.1% This Week (XMR)

Monero (CURRENCY:XMR) traded down 0.3% against the U.S. dollar during the 1-day period ending at 22:00 PM E.T. on January 4th. One Monero coin can currently be bought for about $45.39 or 0.01233308 BTC on popular exchanges including Bisq, SouthXchange, Stocks.Exchange and OpenLedger DEX. Over the last seven days, Monero has traded 11.1% lower against the U.S. dollar. Monero has a total market cap of $757.90 million and approximately $25.19 million worth of Monero was traded on exchanges in the last 24 hours.

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

  • Bytecoin (BCN) traded down 0.1% against the dollar and now trades at $0.0007 or 0.00000018 BTC.
  • Boolberry (BBR) traded down 4.1% against the dollar and now trades at $0.98 or 0.00026691 BTC.
  • DigitalNote (XDN) traded 3.7% lower against the dollar and now trades at $0.0010 or 0.00000028 BTC.
  • BitNewChain (BTN) traded 40.3% higher against the dollar and now trades at $0.0295 or 0.00000802 BTC.
  • Aeon (AEON) traded down 1.6% against the dollar and now trades at $0.25 or 0.00006849 BTC.
  • BitTube (TUBE) traded 2.3% lower against the dollar and now trades at $0.0262 or 0.00000713 BTC.
  • Stellite (XTL) traded 2.8% higher against the dollar and now trades at $0.0003 or 0.00000008 BTC.
  • Karbo (KRB) traded up 5.4% against the dollar and now trades at $0.0695 or 0.00001888 BTC.
  • UltraNote Coin (XUN) traded 31.9% lower against the dollar and now trades at $0.0001 or 0.00000004 BTC.
  • Sumokoin (SUMO) traded 2.5% lower against the dollar and now trades at $0.0359 or 0.00000975 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 16,697,487 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. 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: Coinut, Crex24, B2BX, Bitfinex, Instant Bitex, Bitbns, Coinroom, BitBay, Ovis, TradeOgre, Stocks.Exchange, Bittrex, Bitlish, Huobi, Cryptomate, Poloniex, Livecoin, HitBTC, Coinbe, Nanex, Mercatox, Braziliex, OpenLedger DEX, DragonEX, LiteBit.eu, BTC Trade UA, Binance, Liquid, Exmo, SouthXchange, Kraken, Waves Decentralized Exchange, Graviex, Exrates, OKEx, Upbit, Coindeal, Bisq, Gate.io, Tux Exchange, CoinEx, Trade Satoshi, BTC-Alpha, Cryptopia and Bithumb. It is usually not possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

Receive News & Ratings for Monero Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Monero and related companies with MarketBeat.com’s FREE daily email newsletter.

Crypto Destroyer