When it comes to cryptocurrency, privacy and anonymity play a vital role in investment. With crypto traders vying after some of the most hyped-up currencies like Monero, the dark web’s favorite currency, security features go a long way in influencing the decisions of the investors.
Bytecoin(BCN), the First Crypto Based on CryptoNote
Introduced back in July 2012, Bytecoin has cemented its place among the promising altcoins for its high-end security policies. With thousands of traders showing interest in this project, it’s not hard to determine why there are so many Bytecoin forks today. What set it apart from its other peers are its highly nuanced security policies: Bytecoin (BCN) is not only regulated by CryptoNote algorithm, it is also the first coin to adopt this technology.
Given the fact that BCN is regulated by the crypto-world’s finest algorithm, it’s not hard to imagine why some of the most vied-after currencies are actually a Bytecoin fork. The king of the dark web Monero, which is widely recognized for its anonymity, is also a fork of Bytecoin. Surprisingly enough, Dash is also a fork of Bytecoin. The CryptoNote algorithm, which has been developed to offer the security of all crypto transactions, is not only acknowledged for its security features but also for its resistance towards ASIC. Much to traders convenience, Bytecoin can be mined by anyone and from anywhere just with the help of a regular computer.
Bytecoin’s Value Peaks the Chart
If you are keeping a track of Bytecoin’s response to the market, you won’t be surprised to find out that its price is on the rise. Needless to mention, 2018 has been outstanding for smaller coins like Bytecoin so far. In fact, Bytecoin witnessed the biggest price surge this year. As of April 16, 2018, Bytecoin, which is trading at $0.004053, boasts a steady 17.48% gain. The total market capitalization of Bytecoin stands at $745,119,860 USD at the time of writing. Going by the price movements, between March 18 and April 16, the value of BCN moved between $0.0024 and $0.0040. With the market ranging between $ 437.81 MM and $ 737.94 MM, the maximum and minimum value standing at $369.13MM and $831.74MM, its moving average is tantamount to 738.27 MM. As per the records, the trading volume is estimated between $ 325.05 K and $ 8.90 MM, with the 7day moving average of $ 8.53 MM.
The Reason Behind the Surge
The Bytecoin developing team released a number of exciting updates in December 2018, and ever since it is creating a big hype in the crypto community. In December 2017, Bytecoin launched its new features, following the release of the Android wallet app in November. In addition to this, Bytecoin is also supported by a highly ambitious marketing strategy, as it disclosed its plans for expansion to Asian, Middle-eastern and African continents. With bigger privacy oriented crypto projects scuffling for investor’s acceptance, Bytecoin (BCN) experiences a kind of a revival in the crypto market.
Bytecoin (BCN) which gave birth to Monero (XMR), a rising altcoin known for its anonymity, is making a comeback in the market. This can be a direct outcome of the controversies generated by Monero (XMR), especially due to the frequent mining scandals. With a steady rise in the price, BCN is definitely regarded among the most promising currencies of 2018, despite its unpopularity among the masses.
After a long period of speculation, it is finally seeing a positive response on the social media. With many dismissing it as a scam currency, it was alienated from the mainstream crypto market. However, with the year beginning with one of the worst price slumps in the history of cryptocurrency, altcoins like BCN is seeing a lot of talks in the crypto space.
As of now, the biggest threat to the price surge is the extensive circulation of the coins. With BCN getting mined every day, the supply of the token comes across as a menacing issue. Trading at a lower price, this crypto asset can face a lot of problems when it comes to expansion.
In the past couple of months, Bytecoin has raised many eyebrows, attracting many developers to the project. Equipped with a number of significant features, in addition to the accessibility of an improved and user-friendly wallet, BCN is now listed on a number of internationally renowned exchanges; all trading is focused on HitBTC though.
With the first quarter of 2018 coming to a close, the future of BCN appears bright. Even after being bogged down by severe controversies, from regulatory challenges to bans; scandals to restrictions in many Asian markets; Bytecoin (BCN) has moved past all obstacles to find its way on the top gainer list. With an active crypto community in oriental countries, like Korea, China, and Japan, Bytecoin is definitely something to watch out for.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of lokarta via Flickr
Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
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