Chia Achieves Self Reported Market Capitalization of $170.38 Million (XCH)

Chia (XCH) traded 3.3% higher against the U.S. dollar during the 24-hour period ending at 22:00 PM Eastern on August 6th. One Chia coin can currently be purchased for approximately $15.78 or 0.00027561 BTC on popular cryptocurrency exchanges. Chia has a market capitalization of $170.38 million and $6.49 million worth of Chia was traded on exchanges in the last day. During the last week, Chia has traded down 15.8% against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.9% higher against the dollar and now trades at $0.0121 or 0.00000021 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 8.2% higher against the dollar and now trades at $0.0678 or 0.00000121 BTC.

About Chia

Chia launched on March 10th, 2021. Chia’s total supply is 31,797,924 coins and its circulating supply is 10,798,106 coins. The official message board for Chia is www.chia.net/blog. Chia’s official website is www.chia.net. Chia’s official Twitter account is @chia_project and its Facebook page is accessible here. The Reddit community for Chia is https://reddit.com/r/chia and the currency’s Github account can be viewed here.

According to CryptoCompare, “Chia (XCH) is a cryptocurrency developed by Chia Network Inc. that uses a “proof of space and time” (PoST) consensus mechanism. The native token, XCH, is used to reward “farmers” who allocate unused disk space to secure the network. Chia aims to reduce the environmental impact of crypto farming and mining. XCH is used as a reward mechanism, for transaction fees, and as a digital medium of exchange. Chia was created by Chia Network Inc., co-founded in 2017 by Bram Cohen, the inventor of BitTorrent.”

Chia Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Chia directly using U.S. dollars. Investors seeking to trade Chia should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Chia using one of the aforementioned exchanges.

XCH/USD price chart by TradingView