Monero (XMR) Price Down 12.2% This Week

Fibo Quantum

Monero (CURRENCY:XMR) traded down 1.2% against the U.S. dollar during the 1 day period ending at 7:00 AM ET on December 13th. One Monero coin can now be bought for $46.68 or 0.01273162 BTC on popular cryptocurrency exchanges including Exrates, LiteBit.eu, Liquid and Mercatox. During the last week, Monero has traded down 12.2% against the U.S. dollar. Monero has a total market cap of $778.61 million and approximately $17.58 million worth of Monero was traded on exchanges in the last day.

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

  • Bytecoin (BCN) traded down 5.7% against the dollar and now trades at $0.0007 or 0.00000019 BTC.
  • Boolberry (BBR) traded 19.4% higher against the dollar and now trades at $0.65 or 0.00017847 BTC.
  • DigitalNote (XDN) traded down 5% against the dollar and now trades at $0.0012 or 0.00000032 BTC.
  • BitNewChain (BTN) traded down 4.8% against the dollar and now trades at $0.0321 or 0.00000874 BTC.
  • Aeon (AEON) traded down 6.6% against the dollar and now trades at $0.27 or 0.00007376 BTC.
  • BitTube (TUBE) traded down 4.5% against the dollar and now trades at $0.0320 or 0.00000874 BTC.
  • Stellite (XTL) traded down 7.1% against the dollar and now trades at $0.0002 or 0.00000005 BTC.
  • Karbo (KRB) traded 5% lower against the dollar and now trades at $0.0719 or 0.00001961 BTC.
  • Sumokoin (SUMO) traded 1.6% lower against the dollar and now trades at $0.0434 or 0.00001185 BTC.
  • UltraNote Coin (XUN) traded down 2.8% against the dollar and now trades at $0.0001 or 0.00000002 BTC.

Monero Coin Profile

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 16,678,423 coins. Monero’s official website is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. Monero’s official message board 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 the following cryptocurrency exchanges: BTC Trade UA, Kraken, Instant Bitex, TradeOgre, Waves Decentralized Exchange, SouthXchange, Ovis, Livecoin, Bitlish, Coinbe, Binance, Coinut, Coindeal, BTC-Alpha, Tux Exchange, Nanex, Trade Satoshi, Exrates, Mercatox, DragonEX, Stocks.Exchange, Graviex, CoinEx, Poloniex, Crex24, B2BX, Bittrex, Cryptopia, Cryptomate, Liquid, Bitfinex, Huobi, OpenLedger DEX, BitBay, LiteBit.eu, Bithumb, Exmo, Gate.io, OKEx, HitBTC, Upbit, Bitbns, Coinroom, Braziliex and Bisq. It is usually not currently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.

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