Monero Trading 7.6% Lower Over Last 7 Days (XMR)

Monero (CURRENCY:XMR) traded 4% higher against the US dollar during the 24-hour period ending at 17:00 PM E.T. on August 18th. Monero has a total market cap of $1.45 billion and $72.68 million worth of Monero was traded on exchanges in the last day. During the last week, Monero has traded 7.6% lower against the US dollar. One Monero coin can now be bought for about $84.77 or 0.00816537 BTC on cryptocurrency exchanges including Poloniex, Upbit, Braziliex and Waves Decentralized Exchange.

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

  • Bytecoin (BCN) traded 8.2% higher against the dollar and now trades at $0.0006 or 0.00000006 BTC.
  • Aeon (AEON) traded up 16% against the dollar and now trades at $0.72 or 0.00006924 BTC.
  • Boolberry (BBR) traded 1.4% higher against the dollar and now trades at $0.44 or 0.00004204 BTC.
  • DigitalNote (XDN) traded up 2.3% against the dollar and now trades at $0.0007 or 0.00000007 BTC.
  • BitNewChain (BTN) traded up 0.6% against the dollar and now trades at $0.0229 or 0.00000220 BTC.
  • BitTube (TUBE) traded up 4.9% against the dollar and now trades at $0.0146 or 0.00000141 BTC.
  • Stellite (XTL) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000004 BTC.
  • Digital Insurance Token (DIT) traded 3.8% lower against the dollar and now trades at $0.0027 or 0.00000026 BTC.
  • Karbo (KRB) traded up 3% against the dollar and now trades at $0.0774 or 0.00000746 BTC.
  • Sumokoin (SUMO) traded 4.7% higher against the dollar and now trades at $0.0389 or 0.00000374 BTC.

Monero Coin Profile



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 17,161,662 coins. 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. The official website for Monero is www.monero.cc. The official message board for Monero 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 bought or sold on the following cryptocurrency exchanges: Bittrex, Trade Satoshi, TradeOgre, Coinroom, CoinEx, Huobi, Liquid, Graviex, BTC-Alpha, BTC Trade UA, SouthXchange, HitBTC, Bithumb, BitBay, Braziliex, Kraken, Cryptomate, Crex24, Exmo, Exrates, Gate.io, Bisq, Instant Bitex, Coindeal, Cryptopia, OpenLedger DEX, Stocks.Exchange, Mercatox, Coinbe, B2BX, Coinut, Poloniex, DragonEX, LiteBit.eu, Nanex, Ovis, Upbit, Tux Exchange, Bitfinex, Bitbns, OKEx, Binance, Waves Decentralized Exchange, Livecoin and Bitlish. It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

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