Monero Price Reaches $47.03 (XMR)

Monero (CURRENCY:XMR) traded 1.7% higher against the US dollar during the 1-day period ending at 6:00 AM Eastern on November 25th. One Monero coin can now be purchased for approximately $47.03 or 0.01316008 BTC on major exchanges including Nanex, TradeOgre, Crex24 and Exrates. Monero has a total market capitalization of $782.37 million and $12.50 million worth of Monero was traded on exchanges in the last day. Over the last seven days, Monero has traded 18% lower against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

  • Bytecoin (BCN) traded up 5.8% against the dollar and now trades at $0.0006 or 0.00000018 BTC.
  • DigitalNote (XDN) traded up 2.1% against the dollar and now trades at $0.0012 or 0.00000034 BTC.
  • BitNewChain (BTN) traded up 15.7% against the dollar and now trades at $0.0367 or 0.00001027 BTC.
  • Boolberry (BBR) traded 0.1% lower against the dollar and now trades at $0.49 or 0.00013822 BTC.
  • Aeon (AEON) traded up 5.9% against the dollar and now trades at $0.24 or 0.00006654 BTC.
  • BitTube (TUBE) traded up 0.7% against the dollar and now trades at $0.0299 or 0.00000835 BTC.
  • Stellite (XTL) traded 3% lower against the dollar and now trades at $0.0002 or 0.00000006 BTC.
  • Karbo (KRB) traded 2.6% lower against the dollar and now trades at $0.0595 or 0.00001665 BTC.
  • Sumokoin (SUMO) traded up 6.4% against the dollar and now trades at $0.0467 or 0.00001306 BTC.
  • Digital Insurance Token (DIT) traded 5.8% higher against the dollar and now trades at $0.0009 or 0.00000024 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 16,634,166 coins. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. Monero’s official website 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. “

Monero Coin Trading

Monero can be bought or sold on these cryptocurrency exchanges: Bisq, Waves Decentralized Exchange, SouthXchange, Exrates, Bitlish, CoinEx, Huobi, BTC Trade UA, Coindeal, Instant Bitex, TradeOgre, Upbit, Bithumb, Mercatox, Stocks.Exchange, Poloniex, Liquid, LiteBit.eu, Tux Exchange, Coinroom, Trade Satoshi, Bitfinex, Kraken, OKEx, Cryptopia, Graviex, Gate.io, Coinbe, Coinut, Binance, BitBay, Ovis, HitBTC, Cryptomate, BTC-Alpha, OpenLedger DEX, Bittrex, Bitbns, B2BX, Exmo, Livecoin, Nanex, Crex24, DragonEX and Braziliex. 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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.



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