Monero (XMR) Price Down 16% This Week

Monero (CURRENCY:XMR) traded down 5.6% against the US dollar during the one day period ending at 20:00 PM E.T. on November 21st. Monero has a total market capitalization of $951.44 million and approximately $153.98 million worth of Monero was traded on exchanges in the last 24 hours. In the last week, Monero has traded down 16% against the US dollar. One Monero coin can currently be purchased for about $54.94 or 0.00715559 BTC on cryptocurrency exchanges including OpenLedger DEX, SouthXchange, HitBTC and Graviex.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bytecoin (BCN) traded 7.4% lower against the dollar and now trades at $0.0003 or 0.00000004 BTC.
• Monero Classic (XMC) traded down 2.4% against the dollar and now trades at $0.33 or 0.00004360 BTC.
• DigitalNote (XDN) traded 14% lower against the dollar and now trades at $0.0005 or 0.00000007 BTC.
• Aeon (AEON) traded down 8.2% against the dollar and now trades at $0.20 or 0.00002595 BTC.
• BitNewChain (BTN) traded up 78.2% against the dollar and now trades at $0.0143 or 0.00000187 BTC.
• BitTube (TUBE) traded 7.2% lower against the dollar and now trades at $0.0092 or 0.00000120 BTC.
• Boolberry (BBR) traded 6.8% lower against the dollar and now trades at $0.14 or 0.00001796 BTC.
• Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
• Sumokoin (SUMO) traded up 1.7% against the dollar and now trades at $0.11 or 0.00001443 BTC.
• Digital Insurance Token (DIT) traded down 5.7% against the dollar and now trades at $0.0027 or 0.00000035 BTC.

Monero Profile

XMR 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 17,318,831 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. Monero’s official website 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. “

Buying and Selling Monero

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

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