NuBits Reaches Market Cap of $2.61 Million (USNBT)

NuBits (CURRENCY:USNBT) traded down 21.5% against the US dollar during the 24 hour period ending at 21:00 PM E.T. on September 14th. Over the last seven days, NuBits has traded down 40.7% against the US dollar. One NuBits coin can now be bought for $0.24 or 0.00000503 BTC on major exchanges. NuBits has a total market cap of $2.61 million and $23.00 worth of NuBits was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

  • Peercoin (PPC) traded 3.8% higher against the dollar and now trades at $0.95 or 0.00002001 BTC.
  • PRIZM (PZM) traded up 2.1% against the dollar and now trades at $0.0048 or 0.00000010 BTC.
  • Tigerfinance (TIGER) traded 5.6% higher against the dollar and now trades at $0.0348 or 0.00000074 BTC.
  • THECASH (TCH) traded down 0.1% against the dollar and now trades at $0.0260 or 0.00000064 BTC.
  • Tchain (TCH) traded 9.8% higher against the dollar and now trades at $0.0005 or 0.00000001 BTC.
  • NIX Bridge Token (NBT) traded down 27.2% against the dollar and now trades at $80.59 or 0.00141480 BTC.

About NuBits

NuBits is a proof-of-stake (PoS) coin that uses the SHA-256 hashing algorithm. NuBits’ total supply is 70,510,851 coins and its circulating supply is 10,981,667 coins. The Reddit community for NuBits is /r/NuBits and the currency’s Github account can be viewed here. The official website for NuBits is www.nubits.com. NuBits’ official Twitter account is @OfficialNuBits and its Facebook page is accessible here. NuBits’ official message board is discuss.nubits.com.

According to CryptoCompare, “NuBits (NBT) is a decentralised closed-source cryptocurrency launched in late 2014 by Peercoin developer Jordan Lee. Unlike most other cryptocurrencies, NuBit coins are not mined, but rather issued by the project's shareholders whose primary goal is to maintain a 1:1 NuBit peg to the US dollar. In the case of hyperinflation of the US dollar, the shareholders can vote to peg NuBits to a different currency or to a basket of commodities. By creating more coins to keep prices down and by increasing interest rates on parked coins to restrict supply, the NuBit projects hopes to have created a stable cryptocurrency with limited volatility.  The official NuBits ticker is “NBT” and trades under that name on all the exchanges where it has been listed. The designation “USNBT” is for CryptoCompare.com only. “

NuBits Coin Trading

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

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