Monero (XMR) 1-Day Volume Hits $16.56 Million

Fibo Quantum

Monero (CURRENCY:XMR) traded 0.5% lower against the U.S. dollar during the 1 day period ending at 18:00 PM ET on November 6th. Monero has a market capitalization of $1.74 billion and $16.56 million worth of Monero was traded on exchanges in the last day. During the last seven days, Monero has traded down 6.5% against the U.S. dollar. One Monero coin can now be bought for $104.78 or 0.01654790 BTC on popular cryptocurrency exchanges including Huobi, Bittrex, Braziliex and Exrates.

Here’s how similar cryptocurrencies have performed during the last day:

  • Bytecoin (BCN) traded down 0.4% against the dollar and now trades at $0.0013 or 0.00000020 BTC.
  • DigitalNote (XDN) traded down 1.2% against the dollar and now trades at $0.0026 or 0.00000041 BTC.
  • Boolberry (BBR) traded down 1.8% against the dollar and now trades at $1.06 or 0.00016800 BTC.
  • BitNewChain (BTN) traded up 30.9% against the dollar and now trades at $0.0578 or 0.00000912 BTC.
  • Aeon (AEON) traded 8.8% lower against the dollar and now trades at $0.57 or 0.00009003 BTC.
  • BitTube (TUBE) traded down 3.1% against the dollar and now trades at $0.0748 or 0.00001180 BTC.
  • Stellite (XTL) traded 4% lower against the dollar and now trades at $0.0006 or 0.00000010 BTC.
  • UltraNote Coin (XUN) traded 20.1% lower against the dollar and now trades at $0.0007 or 0.00000010 BTC.
  • Sumokoin (SUMO) traded up 1.6% against the dollar and now trades at $0.0888 or 0.00001396 BTC.
  • Karbo (KRB) traded 5.2% lower against the dollar and now trades at $0.11 or 0.00001683 BTC.

Monero Coin Profile

XMR is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 16,566,669 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. 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 bought or sold on these cryptocurrency exchanges: Kraken, Stocks.Exchange, LiteBit.eu, Graviex, Liquid, Crex24, Tux Exchange, Bisq, BitBay, OKEx, Mercatox, Bithumb, Upbit, BTC-Alpha, Cryptomate, OpenLedger DEX, Coinroom, Bitlish, Coinbe, Bitbns, Poloniex, Exrates, Exmo, Trade Satoshi, Huobi, Waves Decentralized Exchange, Ovis, B2BX, SouthXchange, Instant Bitex, Coindeal, BTC Trade UA, Braziliex, HitBTC, DragonEX, Coinut, Binance, Cryptopia, TradeOgre, Livecoin, CoinEx, Bittrex, Nanex, Gate.io and Bitfinex. It is usually not presently 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

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