Monero Price Down 17.3% Over Last Week (XMR)

Monero (CURRENCY:XMR) traded 2.5% lower against the U.S. dollar during the 1 day period ending at 12:00 PM E.T. on December 31st. In the last week, Monero has traded 17.3% lower against the U.S. dollar. Monero has a market cap of $783.64 million and approximately $11.29 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be bought for approximately $46.96 or 0.01237561 BTC on cryptocurrency exchanges including DragonEX, Livecoin, Binance and Coindeal.

Here’s how related cryptocurrencies have performed in the last day:

  • Bytecoin (BCN) traded down 3% against the dollar and now trades at $0.0007 or 0.00000019 BTC.
  • DigitalNote (XDN) traded 3.3% lower against the dollar and now trades at $0.0012 or 0.00000032 BTC.
  • Boolberry (BBR) traded down 8.5% against the dollar and now trades at $0.65 or 0.00017140 BTC.
  • BitNewChain (BTN) traded down 1.1% against the dollar and now trades at $0.0327 or 0.00000863 BTC.
  • Aeon (AEON) traded down 6.6% against the dollar and now trades at $0.27 or 0.00007100 BTC.
  • BitTube (TUBE) traded down 3.9% against the dollar and now trades at $0.0317 or 0.00000836 BTC.
  • Stellite (XTL) traded 14.3% higher against the dollar and now trades at $0.0002 or 0.00000006 BTC.
  • Karbo (KRB) traded down 0.2% against the dollar and now trades at $0.0705 or 0.00001858 BTC.
  • UltraNote Coin (XUN) traded 0.4% lower against the dollar and now trades at $0.0001 or 0.00000003 BTC.
  • Sumokoin (SUMO) traded down 3.3% against the dollar and now trades at $0.0439 or 0.00001158 BTC.

About Monero

Monero 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 16,686,284 coins. 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 message board is forum.getmonero.org. 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 the following cryptocurrency exchanges: Tux Exchange, Coinut, Bithumb, Mercatox, HitBTC, BTC Trade UA, Bisq, Coinbe, Ovis, Coinroom, Huobi, OpenLedger DEX, SouthXchange, BitBay, Livecoin, Cryptomate, Upbit, Trade Satoshi, LiteBit.eu, OKEx, B2BX, CoinEx, Crex24, Gate.io, Waves Decentralized Exchange, Kraken, TradeOgre, Graviex, Bitfinex, Braziliex, Liquid, BTC-Alpha, Bitbns, Exmo, Stocks.Exchange, Exrates, Coindeal, Nanex, Binance, Poloniex, Instant Bitex, Bittrex, Cryptopia, DragonEX and Bitlish. 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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

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