Connect with us

Altcoins

What to Expect from Bytecoin Price in the Future?

Published

on

Bytecoin price
READ LATER - DOWNLOAD THIS POST AS PDF

Bytecoin (BCN) may not be one of the most popular coins in the entire crypto market, but it definitely made some significant progress on getting there. This is a discrete coin that is not attracting a lot of attention at the first glance. However, if we take a look at some of the transactions processed by it, its story begins to unfold, and we can see that the coin is gaining popularity. With a situation like that, what can we actually expect from Bytecoin price in the near future? This is something that a lot of investors are currently wondering, which is why today, we will try to provide them with an answer.

Bytecoin price now

Like all cryptocurrencies, Bytecoin price has seen a big decline this year due to the bear market. Its current price is barely $0.001788, with a decline of 8.87% over the last 24 hours, This has placed the coin on the 25th spot on CoinMarketCap’s list of largest cryptocurrencies by market cap. However, it would be wrong to believe that the coin’s price is so low because it’s a bad coin. Its huge circulating supply is large to be blamed here.

The current circulating supply is 184 billion tokens, which is less than half a billion shy of its total supply of 184.470,000,000 BCN.

Even so, BCN will always have its place in the market due to huge amounts of privacy which it provides to its users. Its blockchain is easy to use, and transactions cannot be traced, which will eventually ensure this coin’s popularity. Additionally, the coin is very efficient, which has led to a huge increase in its community. Eventually, what this coin needs is time and patience, which is why it is a perfect choice for the long-term investors.

Bytecoin is not a pump and dump scheme

Thanks to the increase in false ICOs and other numerous crypto-related schemes, a lot of people were worried that BCN might be a pump and dump scheme. Investors were basically afraid that they will be tricked into investing in a coin that will prove to be worthless. Its team, however, responded with claims that they have no control over the coin or the possible directions of its price. In fact, all that they can control is the coin’s underlying software.

Additionally, a while ago, BCN announced its own debit card project. However, it never seemed to arrive, and the team claims that the project has run into a few setbacks and that more information will be released as soon as the team gets them. Many were also worried about the project’s roadmap, but the team also announced that the updates will come in due time, asking for patience.

The coin has been listed on a decent number of exchanges and has entered quite a few partnerships. While it has its issues, it’s still a coin worth investing in. It is true that Bytecoin price is not doing tremendously well right now, but the coin’s community remains convinced that its time has simply not come yet. When it does, it will be able to compete with the best of them. In the meanwhile, believers in the coin are purchasing as much as they can right now, ensuring large returns when the winds change, and the price of Bytecoin grows.

Check out the latest video from our Editor In Chief on the Crypto Rich show!

For the latest cryptocurrency news, join our Telegram!

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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

Published

on

altcoins
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

Continue Reading

Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

Published

on

TRON
READ LATER - DOWNLOAD THIS POST AS PDF

TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

Continue Reading

Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

Published

on

TRX
READ LATER - DOWNLOAD THIS POST AS PDF

TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

Continue Reading

Elite