BitShares (BTS) Price Down 7.4% Over Last Week

BitShares (BTS) traded 0.2% higher against the US dollar during the one day period ending at 12:00 PM Eastern on February 1st. One BitShares coin can now be purchased for $0.0010 or 0.00000001 BTC on popular cryptocurrency exchanges. BitShares has a total market capitalization of $3.13 million and approximately $83.85 thousand worth of BitShares was traded on exchanges in the last 24 hours. During the last week, BitShares has traded down 7.4% against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded 0.1% lower against the dollar and now trades at $0.28 or 0.00000368 BTC.
• Tezos (XTZ) traded 0.6% higher against the dollar and now trades at $0.46 or 0.00000590 BTC.
• Terra Classic (LUNC) traded up 14.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• aelf (ELF) traded 0.6% lower against the dollar and now trades at $0.0837 or 0.00000108 BTC.
• Terra (LUNA) traded up 12.4% against the dollar and now trades at $0.0707 or 0.00000091 BTC.
• GXChain (GXC) traded down 0% against the dollar and now trades at $0.39 or 0.00000501 BTC.
• Adshares (ADS) traded 7% lower against the dollar and now trades at $0.60 or 0.00000780 BTC.

About BitShares

BTS uses the hashing algorithm. It launched on October 13th, 2015. BitShares’ total supply is 2,995,060,000 coins and its circulating supply is 2,996,327,891 coins. BitShares’ official Twitter account is @bitsharesgroup and its Facebook page is accessible here. The official message board for BitShares is bitsharestalk.org. BitShares’ official website is bitshares.github.io. 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 possible to buy alternative cryptocurrencies such as BitShares directly using U.S. dollars. Investors seeking to acquire BitShares should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy BitShares using one of the exchanges listed above.

BTS/USD price chart by TradingView