BitShares Achieves Market Cap of $939.03 Million (BTS)

BitShares (CURRENCY:BTS) traded 12.8% lower against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on January 21st. BitShares has a total market capitalization of $939.03 million and approximately $48.31 million worth of BitShares was traded on exchanges in the last 24 hours. In the last seven days, BitShares has traded down 32.4% against the U.S. dollar. One BitShares coin can now be purchased for approximately $0.36 or 0.00003080 BTC on exchanges including Gate.io, Tidex, CoinEgg and OpenLedger DEX.

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

  • Cardano (ADA) traded 10.6% lower against the dollar and now trades at $0.62 or 0.00005325 BTC.
  • Qtum (QTUM) traded 1.7% lower against the dollar and now trades at $43.74 or 0.00374032 BTC.
  • OmiseGO (OMG) traded 10.7% lower against the dollar and now trades at $17.38 or 0.00148592 BTC.
  • Ardor (ARDR) traded down 19.4% against the dollar and now trades at $1.15 or 0.00009826 BTC.
  • Particl (PART) traded 11.4% lower against the dollar and now trades at $29.53 or 0.00252506 BTC.
  • Raiden Network Token (RDN) traded down 10.1% against the dollar and now trades at $4.67 or 0.00039936 BTC.
  • BitBay (BAY) traded 15.8% lower against the dollar and now trades at $0.14 or 0.00001194 BTC.
  • Quantum Resistant Ledger (QRL) traded down 12.4% against the dollar and now trades at $2.37 or 0.00020285 BTC.
  • ION (ION) traded up 84.6% against the dollar and now trades at $5.59 or 0.00047838 BTC.
  • Rise (RISE) traded 0.9% higher against the dollar and now trades at $0.91 or 0.00007795 BTC.

BitShares Coin Profile

BitShares (BTS) is a proof-of-stake (PoS) coin that uses the SHA-512 hashing algorithm. Its launch date was July 19th, 2014. BitShares’ total supply is 2,607,310,000 coins. The official website for BitShares is bitshares.org. BitShares’ official Twitter account is @_bitshares and its Facebook page is accessible here. The Reddit community for BitShares is /r/bitshares and the currency’s Github account can be viewed here. The official message board for BitShares 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 the following cryptocurrency exchanges: BitShares Asset Exchange, Binance, CryptoBridge, AEX, Lbank, Livecoin, Poloniex, Tidex, EXX, ZB.COM, YoBit, OpenLedger DEX, BigONE, Bitcoin Indonesia, CoinEgg and Gate.io. It is not presently possible to purchase BitShares directly using US dollars. Investors seeking to trade BitShares must first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase BitShares using one of the aforementioned exchanges.

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