Monero Price Hits $235.51 on Top Exchanges (XMR)

Monero (CURRENCY:XMR) traded 0.9% lower against the U.S. dollar during the 24-hour period ending at 18:00 PM Eastern on September 26th. In the last week, Monero has traded down 9% against the U.S. dollar. Monero has a market cap of $4.24 billion and $240.37 million worth of Monero was traded on exchanges in the last 24 hours. One Monero coin can currently be purchased for $235.51 or 0.00541355 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

  • Bytecoin (BCN) traded down 2% against the dollar and now trades at $0.0003 or 0.00000001 BTC.
  • Infinitus Token (INF) traded 0.2% lower against the dollar and now trades at $0.15 or 0.00000374 BTC.
  • Aeon (AEON) traded down 4.4% against the dollar and now trades at $0.57 or 0.00001302 BTC.
  • DigitalNote (XDN) traded down 4.2% against the dollar and now trades at $0.0008 or 0.00000002 BTC.
  • Monero Classic (XMC) traded up 2.9% against the dollar and now trades at $0.27 or 0.00000630 BTC.
  • Sumokoin (SUMO) traded up 0.3% against the dollar and now trades at $0.0600 or 0.00000138 BTC.
  • Karbo (KRB) traded up 2.3% against the dollar and now trades at $0.14 or 0.00000320 BTC.
  • BitTube (TUBE) traded down 6.1% against the dollar and now trades at $0.0039 or 0.00000009 BTC.
  • Digital Insurance Token (DIT) traded up 3.3% against the dollar and now trades at $0.0033 or 0.00000008 BTC.
  • BitNewChain (BTN) traded 0.1% lower against the dollar and now trades at $0.0025 or 0.00000005 BTC.

Monero Profile

XMR is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on April 18th, 2014. Monero’s total supply is 18,000,363 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. The official message board for Monero is The official website for Monero is

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

It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

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