Monero Hits Market Capitalization of $1.08 Billion (XMR)

Monero (CURRENCY:XMR) traded down 1.2% against the U.S. dollar during the 1-day period ending at 0:00 AM ET on November 11th. In the last seven days, Monero has traded 0.7% lower against the U.S. dollar. One Monero coin can currently be bought for $62.58 or 0.00711177 BTC on popular cryptocurrency exchanges including Gate.io, Nanex, Kraken and Coinut. Monero has a total market cap of $1.08 billion and approximately $166.70 million worth of Monero was traded on exchanges in the last 24 hours.

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

  • Bytecoin (BCN) traded 7.8% higher against the dollar and now trades at $0.0004 or 0.00000005 BTC.
  • Monero Classic (XMC) traded down 1.6% against the dollar and now trades at $0.34 or 0.00003876 BTC.
  • Aeon (AEON) traded up 0.3% against the dollar and now trades at $0.25 or 0.00002830 BTC.
  • DigitalNote (XDN) traded down 8.3% against the dollar and now trades at $0.0005 or 0.00000006 BTC.
  • BitNewChain (BTN) traded 12% higher against the dollar and now trades at $0.0133 or 0.00000152 BTC.
  • BitTube (TUBE) traded up 5.3% against the dollar and now trades at $0.0105 or 0.00000120 BTC.
  • Boolberry (BBR) traded 2.5% lower against the dollar and now trades at $0.15 or 0.00001759 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 down 10% against the dollar and now trades at $0.0026 or 0.00000030 BTC.
  • Karbo (KRB) traded 3% lower against the dollar and now trades at $0.0591 or 0.00000671 BTC.

About Monero

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 17,296,526 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The official website for Monero is www.monero.cc. The official message board for Monero 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. “

Monero Coin Trading

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


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