Monero Market Capitalization Reaches $758.16 Million (XMR)

Coinbase

Monero (CURRENCY:XMR) traded down 11.9% against the U.S. dollar during the 24 hour period ending at 21:00 PM Eastern on November 29th. One Monero coin can currently be purchased for about $45.60 or 0.01335092 BTC on major cryptocurrency exchanges including Stocks.Exchange, Livecoin, Bitbns and Exmo. Monero has a market capitalization of $758.16 million and approximately $17.47 million worth of Monero was traded on exchanges in the last day. Over the last week, Monero has traded 25.3% lower against the U.S. dollar.

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

  • Bytecoin (BCN) traded down 14.3% against the dollar and now trades at $0.0006 or 0.00000018 BTC.
  • DigitalNote (XDN) traded 15.9% lower against the dollar and now trades at $0.0011 or 0.00000033 BTC.
  • BitNewChain (BTN) traded 10.8% lower against the dollar and now trades at $0.0358 or 0.00001051 BTC.
  • Boolberry (BBR) traded 11.1% lower against the dollar and now trades at $0.50 or 0.00014652 BTC.
  • Aeon (AEON) traded 17.5% lower against the dollar and now trades at $0.23 or 0.00006744 BTC.
  • BitTube (TUBE) traded down 14.9% against the dollar and now trades at $0.0277 or 0.00000813 BTC.
  • Stellite (XTL) traded 11.2% lower against the dollar and now trades at $0.0002 or 0.00000006 BTC.
  • Karbo (KRB) traded 7.5% lower against the dollar and now trades at $0.0594 or 0.00001740 BTC.
  • Sumokoin (SUMO) traded down 10.5% against the dollar and now trades at $0.0448 or 0.00001313 BTC.
  • Digital Insurance Token (DIT) traded down 9.8% against the dollar and now trades at $0.0005 or 0.00000016 BTC.

About Monero

Monero (CRYPTO: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 16,625,760 coins. The official message board for Monero is forum.getmonero.org. The official website for Monero is www.monero.cc. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. 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 bought or sold on the following cryptocurrency exchanges: SouthXchange, Upbit, Waves Decentralized Exchange, Bittrex, Trade Satoshi, Graviex, Exmo, Cryptopia, LiteBit.eu, Bithumb, BTC Trade UA, Exrates, Binance, Huobi, Braziliex, Cryptomate, Bisq, Bitlish, CoinEx, Nanex, Mercatox, Instant Bitex, BTC-Alpha, Gate.io, Crex24, OKEx, Bitbns, OpenLedger DEX, TradeOgre, Coinut, Coinroom, B2BX, Ovis, Stocks.Exchange, Coinbe, HitBTC, Coindeal, Bitfinex, Tux Exchange, Poloniex, Kraken, BitBay, DragonEX, Livecoin and Liquid. It is usually not presently possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the exchanges listed above.

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