BitShares (CRYPTO:BTS) Trading Up 11.8% This Week

BitShares (CURRENCY:BTS) traded 1.2% higher against the dollar during the twenty-four hour period ending at 9:00 AM Eastern on February 8th. One BitShares coin can now be bought for about $0.26 or 0.00002727 BTC on major exchanges including BitShares Asset Exchange, Binance, BigONE and OpenLedger DEX. During the last week, BitShares has traded up 11.8% against the dollar. BitShares has a total market capitalization of $688.83 million and $21.86 million worth of BitShares was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

  • Cardano (ADA) traded up 2.5% against the dollar and now trades at $0.40 or 0.00004098 BTC.
  • Qtum (QTUM) traded up 0.8% against the dollar and now trades at $32.14 or 0.00331966 BTC.
  • OmiseGO (OMG) traded down 0.1% against the dollar and now trades at $15.08 or 0.00155763 BTC.
  • Ardor (ARDR) traded up 0.1% against the dollar and now trades at $0.51 or 0.00005315 BTC.
  • Particl (PART) traded up 1.8% against the dollar and now trades at $22.77 or 0.00235137 BTC.
  • Raiden Network Token (RDN) traded up 4.7% against the dollar and now trades at $2.92 or 0.00030150 BTC.
  • Rise (RISE) traded up 11.4% against the dollar and now trades at $0.68 or 0.00006986 BTC.
  • BitBay (BAY) traded 1.9% lower against the dollar and now trades at $0.0757 or 0.00000781 BTC.
  • Quantum Resistant Ledger (QRL) traded 1.5% higher against the dollar and now trades at $1.33 or 0.00013687 BTC.
  • ION (ION) traded down 4.6% against the dollar and now trades at $2.88 or 0.00029694 BTC.

BitShares Profile

BTS is a proof-of-stake (PoS) coin that uses the SHA-512 hashing algorithm. It launched on July 19th, 2014. BitShares’ total supply is 2,608,820,000 coins. BitShares’ official website is bitshares.org. The Reddit community for BitShares is /r/bitshares and the currency’s Github account can be viewed here. BitShares’ official Twitter account is @_bitshares and its Facebook page is accessible here. BitShares’ official message board is bitsharestalk.org.

According to CryptoCompare, “BitShares (BTS) was first introduced in a White Paper titled “A Peer-to-Peer Polymorphic Digital Asset Exchange” by Daniel Larimer, Charles Hoskinson, and Stan Larimer. It is a brand of open-source software based on the as blockchain technology as used by Bitcoin. Unlike bitcoins, which do not produce any income for their owners, BitShare can be used to launch Decentralized Autonomous Companies (DACs) which issue shares, produce profits and distribute profits to shareholders. As such, BitShares is about making profitable companies that people want to own shares in, thus creating return for the shareholders. The first DAC launched by this proces was called BitSharesX, a decentralized asset exchange based in Hong Kong. BitShares was originally launched under the name of ProtoShares (PTS); it was later renamed to BitShares (BTS) and “reloaded” in November 2014 by merging several products into BitShares (BTS).      “

Buying and Selling BitShares

BitShares can be bought or sold on these cryptocurrency exchanges: Binance, Livecoin, ZB.COM, BitShares Asset Exchange, OpenLedger DEX, Lbank, YoBit, CryptoBridge, Tidex, BigONE, EXX, CoinEgg, Gate.io, Poloniex, AEX and Bitcoin Indonesia. It is not possible to buy BitShares directly using US dollars. Investors seeking to trade BitShares must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy BitShares using one of the aforementioned exchanges.

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