Monero Price Reaches $62.58 (XMR)

Fibo Quantum

Monero (CURRENCY:XMR) traded 1.1% higher against the US dollar during the 24 hour period ending at 22:00 PM E.T. on April 27th. One Monero coin can now be bought for approximately $62.58 or 0.01190515 BTC on major cryptocurrency exchanges including BitBay, Coinroom, Exrates and Binance. Over the last week, Monero has traded down 10% against the US dollar. Monero has a market cap of $1.06 billion and approximately $111.67 million worth of Monero was traded on exchanges in the last day.

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

  • Bytecoin (BCN) traded up 0.1% against the dollar and now trades at $0.0009 or 0.00000016 BTC.
  • DigitalNote (XDN) traded down 6.6% against the dollar and now trades at $0.0015 or 0.00000028 BTC.
  • Boolberry (BBR) traded 1.7% higher against the dollar and now trades at $0.79 or 0.00014940 BTC.
  • BitNewChain (BTN) traded down 18.1% against the dollar and now trades at $0.0430 or 0.00000817 BTC.
  • Aeon (AEON) traded up 1.5% against the dollar and now trades at $0.37 or 0.00007119 BTC.
  • BitTube (TUBE) traded up 2% against the dollar and now trades at $0.0395 or 0.00000751 BTC.
  • Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
  • Karbo (KRB) traded up 0.2% against the dollar and now trades at $0.0765 or 0.00001455 BTC.
  • Sumokoin (SUMO) traded up 2.1% against the dollar and now trades at $0.0358 or 0.00000682 BTC.
  • Digital Insurance Token (DIT) traded up 2.2% against the dollar and now trades at $0.0016 or 0.00000030 BTC.

Monero Coin Profile

Monero (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 16,933,697 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. 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. “

Buying and Selling Monero

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

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