Monero (XMR) 24 Hour Trading Volume Hits $515.90 Million

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Monero (CURRENCY:XMR) traded down 4.4% against the U.S. dollar during the 24 hour period ending at 20:00 PM E.T. on September 16th. During the last week, Monero has traded 1.6% higher against the U.S. dollar. Monero has a total market cap of $1.54 billion and approximately $515.90 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be bought for about $86.76 or 0.00791068 BTC on popular exchanges including CoinEx, OpenLedger DEX, Kraken and Bitfinex.

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

  • Bytecoin (BCN) traded up 3.1% against the dollar and now trades at $0.0002 or 0.00000001 BTC.
  • Aeon (AEON) traded up 3.1% against the dollar and now trades at $0.41 or 0.00003767 BTC.
  • Monero Classic (XMC) traded up 25.2% against the dollar and now trades at $0.30 or 0.00002753 BTC.
  • DigitalNote (XDN) traded 2.9% higher against the dollar and now trades at $0.0009 or 0.00000008 BTC.
  • BitNewChain (BTN) traded down 0% against the dollar and now trades at $0.0136 or 0.00000124 BTC.
  • BitTube (TUBE) traded 3.5% higher against the dollar and now trades at $0.0078 or 0.00000071 BTC.
  • Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
  • Sumokoin (SUMO) traded 10.9% higher against the dollar and now trades at $0.0502 or 0.00000458 BTC.
  • Boolberry (BBR) traded 6.4% higher against the dollar and now trades at $0.0754 or 0.00000688 BTC.
  • Karbo (KRB) traded up 2.1% against the dollar and now trades at $0.0656 or 0.00000599 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 17,699,898 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.monero.cc. Monero’s official message board is forum.getmonero.org.

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

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