Monero 1-Day Trading Volume Hits $23.86 Million (XMR)

Monero (CURRENCY:XMR) traded 0.4% higher against the U.S. dollar during the one day period ending at 19:00 PM ET on December 20th. One Monero coin can now be bought for approximately $45.78 or 0.01242023 BTC on popular exchanges including BTC Trade UA, OKEx, Trade Satoshi and Binance. Monero has a market cap of $764.48 million and approximately $23.86 million worth of Monero was traded on exchanges in the last day. In the last week, Monero has traded 10.1% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

  • Bytecoin (BCN) traded 0.3% lower against the dollar and now trades at $0.0007 or 0.00000018 BTC.
  • Boolberry (BBR) traded 3.9% lower against the dollar and now trades at $0.98 or 0.00026625 BTC.
  • DigitalNote (XDN) traded 0.8% lower against the dollar and now trades at $0.0011 or 0.00000029 BTC.
  • BitNewChain (BTN) traded 2.2% lower against the dollar and now trades at $0.0330 or 0.00000895 BTC.
  • Aeon (AEON) traded 4.6% lower against the dollar and now trades at $0.25 or 0.00006652 BTC.
  • BitTube (TUBE) traded down 2.1% against the dollar and now trades at $0.0267 or 0.00000723 BTC.
  • Stellite (XTL) traded up 11.2% against the dollar and now trades at $0.0003 or 0.00000008 BTC.
  • UltraNote Coin (XUN) traded 0.2% lower against the dollar and now trades at $0.0002 or 0.00000005 BTC.
  • Karbo (KRB) traded 2.7% higher against the dollar and now trades at $0.0678 or 0.00001840 BTC.
  • Sumokoin (SUMO) traded 1.3% lower against the dollar and now trades at $0.0358 or 0.00000971 BTC.

Monero Coin Profile

Monero (XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was June 2nd, 2014. Monero’s total supply is 16,697,487 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. 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.

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

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