Monero (XMR) 24 Hour Volume Hits $93.59 Million

Monero (CURRENCY:XMR) traded up 4.1% against the U.S. dollar during the 24-hour period ending at 16:00 PM Eastern on October 4th. Monero has a market cap of $995.82 million and approximately $93.59 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for approximately $57.76 or 0.00702438 BTC on major cryptocurrency exchanges including Bithumb, Bisq, Trade Satoshi and Gate.io. Over the last seven days, Monero has traded 0.7% higher against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

  • Bytecoin (BCN) traded 0.9% lower against the dollar and now trades at $0.0004 or 0.00000005 BTC.
  • Monero Classic (XMC) traded 6.3% lower against the dollar and now trades at $0.31 or 0.00003773 BTC.
  • DigitalNote (XDN) traded up 0.5% against the dollar and now trades at $0.0005 or 0.00000006 BTC.
  • Boolberry (BBR) traded down 0.3% against the dollar and now trades at $0.27 or 0.00003261 BTC.
  • Aeon (AEON) traded 4% lower against the dollar and now trades at $0.20 or 0.00002482 BTC.
  • BitNewChain (BTN) traded 0.1% higher against the dollar and now trades at $0.0141 or 0.00000172 BTC.
  • BitTube (TUBE) traded 0.9% lower against the dollar and now trades at $0.0118 or 0.00000144 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 up 0.1% against the dollar and now trades at $0.0028 or 0.00000034 BTC.
  • Karbo (KRB) traded 0.5% higher against the dollar and now trades at $0.0564 or 0.00000686 BTC.

About Monero

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 17,241,799 coins. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. Monero’s official website is www.monero.cc. Monero’s official message board is forum.getmonero.org. 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 these cryptocurrency exchanges: BTC Trade UA, Gate.io, Instant Bitex, LiteBit.eu, Ovis, Bitbns, Livecoin, Bithumb, HitBTC, Huobi, Bitlish, OpenLedger DEX, Liquid, Upbit, Poloniex, Bittrex, TradeOgre, Kraken, OKEx, Mercatox, Cryptopia, Nanex, Cryptomate, Stocks.Exchange, Binance, Crex24, Tux Exchange, Bitfinex, BTC-Alpha, SouthXchange, Coinroom, CoinEx, Bisq, B2BX, Coinut, Exrates, Braziliex, Coindeal, Exmo, Trade Satoshi, Waves Decentralized Exchange, DragonEX, BitBay, Graviex and Coinbe. It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

Receive News & Updates for Monero Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Monero and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.