BitShares Price Tops $0.0011 (BTS)

BitShares (BTS) traded up 2.6% against the dollar during the 24 hour period ending at 12:00 PM E.T. on December 11th. BitShares has a total market capitalization of $3.18 million and approximately $98.03 thousand worth of BitShares was traded on exchanges in the last 24 hours. During the last seven days, BitShares has traded 4.9% higher against the dollar. One BitShares coin can now be purchased for about $0.0011 or 0.00000001 BTC on popular exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded 1.1% higher against the dollar and now trades at $0.28 or 0.00000313 BTC.
• Tezos (XTZ) traded 4.3% higher against the dollar and now trades at $0.52 or 0.00000576 BTC.
• Terra Classic (LUNC) traded down 16.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 8.5% lower against the dollar and now trades at $0.19 or 0.00000215 BTC.
• aelf (ELF) traded 2.1% lower against the dollar and now trades at $0.0849 or 0.00000094 BTC.
• Adshares (ADS) traded down 3.3% against the dollar and now trades at $0.75 or 0.00000833 BTC.
• GXChain (GXC) traded 1.2% lower against the dollar and now trades at $0.36 or 0.00000396 BTC.

BitShares Coin Profile

BitShares uses the hashing algorithm. It was first traded on October 13th, 2015. BitShares’ total supply is 2,995,060,000 coins and its circulating supply is 2,996,217,266 coins. BitShares’ official message board is bitsharestalk.org. BitShares’ official Twitter account is @bitsharesgroup and its Facebook page is accessible here. BitShares’ official website is bitshares.github.io. The Reddit community for BitShares is https://reddit.com/r/bitshares and the currency’s Github account can be viewed 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).”

Buying and Selling BitShares

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

BTS/USD price chart by TradingView