Cryptocurrency Trading Watch: Bytecoin (BCN) Touches $0.00966214 $BCN

     

Cryptocurrency investors may be tracking recent action for Bytecoin (BCN). Since the last day’s settlement price, the currency has moved -8.34% recently touching $0.00966214. Following the circulating supply, we note that the number is 1.8389E+11 with a market capitalization of 1776775575. Today’s volume presently stands at 28276100.

About Bytecoin (BCN):
Bytecoin (BCN) is a decentralised, anonymous cryptocurrency written from scratch and launched in July 2012. Its concept is based on the CryptoNote technology which focuses on privacy and anonymity of transactions. It comes with a number of unique features, such as ring signatures to make payments untraceable, an exchange protocol to make transactions unlinkable, and several others. Some other interesting features of the cryptocurrency include egalitarian proof-of-work mechanism and an analysis-resistant blockchain. Bytecoin is designed to be easily mined on an average personal computer while being resistant to mining with specialised ASIC hardware. The Bytecoin software is available in two variants – as a Bytecoin reference client that uses a command-line interface to manage transactions and to mine coins, or a Bytecoin wallet with an easy-to-use an intuitive graphical user interface.

Cryptocurrency has been making its way into the spotlight over the last few years. Many individuals are aware of the great success that Bitcoin experienced in the last year alone. Although the price has steadily come back down, there are many people that believe the coin is headed for much greater heights. Many others coins have tried to follow in the footsteps of Bitcoin, but it remains to be seen which ones if any will achieve similar popularity. As more studies are done on the pros and cons of cryptos, investors will be paying close attention to see how the market embraces these new technologies. 

Investors are constantly searching for the best opportunities to deploy capital. The rise in popularity of the cryptocurrency market has caught the attention of investors all over the world. With any investment, the element of risk has to be addressed. With all the hype surrounding the market, investors will have to decide whether the craze is likely to be short-lived or if it will be sustained. With any new technology, there will be plenty of legitimate players, but there will also be plenty of pretenders. Sifting through the increasing number of digital coin offerings can be demanding. However, conducting the required research may be absolutely necessary before investing in the crypto market.

Cryptocurrencies have garnered significant media focus over the last year. One of the major questions surrounding cryptocurrency is what kind of real value they hold. Many crypto watchers have been quick to label the craze as a bubble, especially a digital coin like Bitcoin that has taken off in the past year. There are others that are convinced that digital currency will become standard in the future and they will be around for the long run. The use of digital coins to purchase goods and services can be enticing for many consumers. Even though current forms of many cryptocurrencies are highly speculative, many investors have not shied away from making some big bets. With so many new coin offerings hitting the market, investors will have to be extra careful when choosing which ones to add to the portfolio.

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