Monero Tops 1-Day Trading Volume of $23.38 Million (XMR)

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Monero (CURRENCY:XMR) traded 5.2% higher against the US dollar during the 24 hour period ending at 21:00 PM ET on August 21st. Monero has a market cap of $1.60 billion and $23.38 million worth of Monero was traded on exchanges in the last day. One Monero coin can currently be purchased for $98.16 or 0.01445448 BTC on popular cryptocurrency exchanges including Braziliex, Bitbns, Livecoin and OpenLedger DEX. In the last week, Monero has traded 13.8% higher against the US dollar.

Here’s how related cryptocurrencies have performed in the last day:

  • Bytecoin (BCN) traded 9% higher against the dollar and now trades at $0.0018 or 0.00000026 BTC.
  • DigitalNote (XDN) traded 4.3% higher against the dollar and now trades at $0.0030 or 0.00000044 BTC.
  • Aeon (AEON) traded up 15% against the dollar and now trades at $0.78 or 0.00011505 BTC.
  • Boolberry (BBR) traded 11.6% higher against the dollar and now trades at $0.53 or 0.00007839 BTC.
  • BitTube (TUBE) traded up 5.8% against the dollar and now trades at $0.0367 or 0.00000542 BTC.
  • Karbo (KRB) traded up 3.2% against the dollar and now trades at $0.18 or 0.00002726 BTC.
  • Stellite (XTL) traded up 6% against the dollar and now trades at $0.0002 or 0.00000003 BTC.
  • Sumokoin (SUMO) traded down 10.1% against the dollar and now trades at $0.12 or 0.00001749 BTC.
  • IntenseCoin (ITNS) traded flat against the dollar and now trades at $0.0017 or 0.00000027 BTC.
  • Leviar (XLC) traded 4.9% lower against the dollar and now trades at $0.0080 or 0.00000118 BTC.

Monero 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 16,338,308 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. “

Monero Coin Trading

Monero can be traded on the following cryptocurrency exchanges: Binance, Cryptomate, BitBay, Bisq, Bitlish, Stocks.Exchange, Nanex, B2BX, BTC-Alpha, LiteBit.eu, CoinEx, Exrates, OpenLedger DEX, DragonEX, TradeOgre, Trade Satoshi, Ovis, Graviex, Livecoin, Bithumb, Coinbe, SouthXchange, Coinroom, Bitfinex, Crex24, Poloniex, Qryptos, HitBTC, Coinut, Upbit, Bitbns, Huobi, Bittrex, Tux Exchange, Braziliex, Kraken, Exmo, BTC Trade UA, Cryptopia, Waves Decentralized Exchange, Gate.io, Mercatox and OKEx. It is usually not presently 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, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

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