Monero (XMR) Trading 28.5% Lower Over Last Week

Fibo Quantum

Monero (CURRENCY:XMR) traded down 3.6% against the US dollar during the 1 day period ending at 12:00 PM E.T. on November 6th. Monero has a market capitalization of $1.12 billion and $24.81 million worth of Monero was traded on exchanges in the last day. In the last seven days, Monero has traded 28.5% lower against the US dollar. One Monero coin can currently be bought for about $67.82 or 0.01522686 BTC on popular cryptocurrency exchanges including Coindeal, Crex24, Binance and CoinEx.

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

  • Bytecoin (BCN) traded down 2.8% against the dollar and now trades at $0.0010 or 0.00000022 BTC.
  • DigitalNote (XDN) traded down 4.3% against the dollar and now trades at $0.0014 or 0.00000032 BTC.
  • Boolberry (BBR) traded down 3.5% against the dollar and now trades at $0.75 or 0.00016734 BTC.
  • BitNewChain (BTN) traded 0.9% lower against the dollar and now trades at $0.0321 or 0.00000719 BTC.
  • Aeon (AEON) traded 3.3% lower against the dollar and now trades at $0.34 or 0.00007582 BTC.
  • BitTube (TUBE) traded down 4.9% against the dollar and now trades at $0.0369 or 0.00000828 BTC.
  • Stellite (XTL) traded 7.4% lower against the dollar and now trades at $0.0003 or 0.00000007 BTC.
  • Sumokoin (SUMO) traded 4% higher against the dollar and now trades at $0.0642 or 0.00001441 BTC.
  • Karbo (KRB) traded down 5.3% against the dollar and now trades at $0.0730 or 0.00001639 BTC.
  • UltraNote Coin (XUN) traded up 14.5% against the dollar and now trades at $0.0003 or 0.00000007 BTC.

About Monero

Monero is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 2nd, 2014. Monero’s total supply is 16,587,285 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. Monero’s official message board is forum.getmonero.org. Monero’s official website is www.monero.cc.

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

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