Monero (XMR) Trading 9.7% Lower Over Last Week

Fibo Quantum

Monero (CURRENCY:XMR) traded up 4.2% against the U.S. dollar during the 1-day period ending at 8:00 AM Eastern on August 17th. Monero has a market cap of $1.43 billion and $66.59 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can now be purchased for approximately $83.59 or 0.00806518 BTC on exchanges including Bithumb, Bitlish, Bisq and OKEx. Over the last week, Monero has traded down 9.7% against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last 24 hours:

  • Bytecoin (BCN) traded down 4.4% against the dollar and now trades at $0.0006 or 0.00000005 BTC.
  • Aeon (AEON) traded 3.2% lower against the dollar and now trades at $0.65 or 0.00006298 BTC.
  • Boolberry (BBR) traded up 5.7% against the dollar and now trades at $0.44 or 0.00004252 BTC.
  • DigitalNote (XDN) traded up 2.6% against the dollar and now trades at $0.0007 or 0.00000007 BTC.
  • BitNewChain (BTN) traded up 0.1% against the dollar and now trades at $0.0228 or 0.00000220 BTC.
  • BitTube (TUBE) traded up 5% against the dollar and now trades at $0.0144 or 0.00000139 BTC.
  • Stellite (XTL) traded 3.2% higher against the dollar and now trades at $0.0002 or 0.00000004 BTC.
  • Digital Insurance Token (DIT) traded down 1.6% against the dollar and now trades at $0.0030 or 0.00000029 BTC.
  • Karbo (KRB) traded down 2.4% against the dollar and now trades at $0.0758 or 0.00000730 BTC.
  • Sumokoin (SUMO) traded 2.4% higher against the dollar and now trades at $0.0380 or 0.00000367 BTC.

Monero Coin 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 17,159,337 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official message board is forum.getmonero.org. Monero’s official website is www.monero.cc. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible 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. “

Buying and Selling Monero

Monero can be bought or sold on these cryptocurrency exchanges: Cryptopia, Trade Satoshi, Crex24, Coindeal, B2BX, Instant Bitex, Livecoin, BTC Trade UA, Tux Exchange, Mercatox, Braziliex, OpenLedger DEX, Kraken, Upbit, SouthXchange, Bithumb, BTC-Alpha, TradeOgre, BitBay, Bitfinex, Coinut, Waves Decentralized Exchange, Coinroom, Bisq, Binance, Exrates, Nanex, Liquid, Huobi, Graviex, Cryptomate, CoinEx, Stocks.Exchange, Poloniex, Bittrex, Gate.io, LiteBit.eu, HitBTC, Ovis, Exmo, Bitlish, OKEx, DragonEX, Bitbns and Coinbe. 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the aforementioned exchanges.

Receive News & Updates for Monero Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Monero and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.