Monero Price Tops $124.65 on Major Exchanges (XMR)

Monero (CURRENCY:XMR) traded 0.7% lower against the U.S. dollar during the 1-day period ending at 11:00 AM E.T. on July 10th. One Monero coin can now be purchased for $124.65 or 0.01649918 BTC on major cryptocurrency exchanges including BTC-Alpha, Cryptopia, Huobi and TradeOgre. During the last seven days, Monero has traded 12.2% lower against the U.S. dollar. Monero has a total market cap of $2.03 billion and $25.76 million worth of Monero was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

  • Bytecoin (BCN) traded down 1.1% against the dollar and now trades at $0.0025 or 0.00000034 BTC.
  • DigitalNote (XDN) traded 7.5% lower against the dollar and now trades at $0.0052 or 0.00000068 BTC.
  • Aeon (AEON) traded 4.8% lower against the dollar and now trades at $1.37 or 0.00018195 BTC.
  • Boolberry (BBR) traded 1.7% higher against the dollar and now trades at $0.83 or 0.00010985 BTC.
  • BitTube (TUBE) traded down 0.7% against the dollar and now trades at $0.0665 or 0.00000881 BTC.
  • Sumokoin (SUMO) traded down 9.6% against the dollar and now trades at $0.25 or 0.00003373 BTC.
  • Karbo (KRB) traded down 2.7% against the dollar and now trades at $0.23 or 0.00003110 BTC.
  • IntenseCoin (ITNS) traded up 9% against the dollar and now trades at $0.0022 or 0.00000029 BTC.
  • Stellite (XTL) traded 1.6% lower against the dollar and now trades at $0.0003 or 0.00000004 BTC.
  • Leviar (XLC) traded down 14.1% against the dollar and now trades at $0.0095 or 0.00000126 BTC.

About Monero

Monero (XMR) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its genesis date was June 2nd, 2014. Monero’s total supply is 16,266,706 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. Monero’s official website is www.monero.cc. The official message board for Monero is forum.getmonero.org. 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 traded on these cryptocurrency exchanges: Coinbe, CoinEx, TradeOgre, Exmo, DragonEX, Poloniex, OKEx, Livecoin, Bitfinex, Nanex, Waves Decentralized Exchange, BTC-Alpha, Tux Exchange, Bittrex, Exrates, Coinut, Binance, Huobi, Ovis, LiteBit.eu, OpenLedger DEX, Coinroom, HitBTC, Cryptopia, BitBay, Crex24, Cryptomate, Bithumb, Bitlish, Kraken, Bitbns, Gate.io, Bisq, Braziliex, Mercatox, Upbit, Stocks.Exchange, B2BX, Trade Satoshi, SouthXchange, Qryptos 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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the aforementioned exchanges.

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