Monero (XMR) Market Capitalization Hits $1.08 Billion

Monero (CURRENCY:XMR) traded down 0% against the dollar during the 24-hour period ending at 13:00 PM ET on January 24th. Monero has a total market cap of $1.08 billion and approximately $66.04 million worth of Monero was traded on exchanges in the last day. Over the last week, Monero has traded 9.4% lower against the dollar. One Monero coin can currently be purchased for about $61.86 or 0.00728356 BTC on major cryptocurrency exchanges including Huobi, Kraken, BTC-Alpha and B2BX.

Here is how related cryptocurrencies have performed over the last day:

  • Bytecoin (BCN) traded 10.7% lower against the dollar and now trades at $0.0003 or 0.00000003 BTC.
  • Monero Classic (XMC) traded down 13.1% against the dollar and now trades at $0.31 or 0.00003663 BTC.
  • DigitalNote (XDN) traded up 16.2% against the dollar and now trades at $0.0007 or 0.00000008 BTC.
  • Sumokoin (SUMO) traded down 1.1% against the dollar and now trades at $0.12 or 0.00001387 BTC.
  • BitTube (TUBE) traded 2.4% higher against the dollar and now trades at $0.0094 or 0.00000111 BTC.
  • Aeon (AEON) traded 3.9% lower against the dollar and now trades at $0.14 or 0.00001607 BTC.
  • Boolberry (BBR) traded 5.3% higher against the dollar and now trades at $0.16 or 0.00001846 BTC.
  • BitNewChain (BTN) traded 0.1% lower against the dollar and now trades at $0.0105 or 0.00000124 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 1.3% higher against the dollar and now trades at $0.0025 or 0.00000029 BTC.

Monero 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 17,414,217 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official website for Monero is www.monero.cc. Monero’s official message board 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. “

Monero Coin Trading

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

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