BitShares Price Tops $0.0011 on Major Exchanges (BTS)

BitShares (BTS) traded down 19.1% against the dollar during the 24-hour period ending at 11:00 AM E.T. on January 13th. BitShares has a market capitalization of $3.39 million and $176,646.18 worth of BitShares was traded on exchanges in the last day. One BitShares coin can currently be bought for $0.0011 or 0.00000001 BTC on major cryptocurrency exchanges. In the last week, BitShares has traded 35.6% lower against the dollar.

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

• TRON (TRX) traded down 7.3% against the dollar and now trades at $0.22 or 0.00000240 BTC.
• Tezos (XTZ) traded down 5.2% against the dollar and now trades at $1.21 or 0.00001316 BTC.
• Terra Classic (LUNC) traded down 4.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 8.3% lower against the dollar and now trades at $0.44 or 0.00000477 BTC.
• Terra (LUNA) traded 8.7% lower against the dollar and now trades at $0.38 or 0.00000413 BTC.
• GXChain (GXC) traded down 3.7% against the dollar and now trades at $0.36 or 0.00000393 BTC.
• Adshares (ADS) traded down 4.8% against the dollar and now trades at $0.65 or 0.00000705 BTC.

BitShares Profile

BitShares uses the hashing algorithm. Its launch date was July 19th, 2014. BitShares’ total supply is 2,995,060,000 coins. BitShares’ official Twitter account is @bitsharesgroup and its Facebook page is accessible here. The official website for BitShares is bitshares.github.io. The official message board for BitShares is bitsharestalk.org. The Reddit community for BitShares is https://reddit.com/r/bitshares and the currency’s Github account can be viewed here.

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 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 a return for the shareholders. The first DAC launched by this process 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

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

BTS/USD price chart by TradingView