BitShares Price Hits $0.0010 on Exchanges (BTS)

BitShares (BTS) traded down 0.6% against the US dollar during the 24 hour period ending at 12:00 PM E.T. on December 7th. One BitShares coin can now be purchased for about $0.0010 or 0.00000001 BTC on popular exchanges. Over the last seven days, BitShares has traded down 4.8% against the US dollar. BitShares has a market cap of $3.06 million and approximately $77.47 thousand worth of BitShares was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• TRON (TRX) traded 0.8% lower against the dollar and now trades at $0.29 or 0.00000319 BTC.
• Tezos (XTZ) traded down 1.7% against the dollar and now trades at $0.47 or 0.00000528 BTC.
• Terra Classic (LUNC) traded down 32.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded down 26.3% against the dollar and now trades at $0.11 or 0.00000120 BTC.
• aelf (ELF) traded 1.5% lower against the dollar and now trades at $0.0903 or 0.00000101 BTC.
• Adshares (ADS) traded down 0.4% against the dollar and now trades at $0.76 or 0.00000848 BTC.
• GXChain (GXC) traded down 5% against the dollar and now trades at $0.35 or 0.00000391 BTC.

BitShares Coin Profile

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 2,996,208,432 coins. BitShares’ official message board is bitsharestalk.org. The Reddit community for BitShares is https://reddit.com/r/bitshares and the currency’s Github account can be viewed here. BitShares’ official website is bitshares.github.io. BitShares’ official Twitter account is @bitsharesgroup and its Facebook page is accessible 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).”

BitShares Coin Trading

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

BTS/USD price chart by TradingView