bitCNY (BITCNY) Price Up 0.5% This Week

bitCNY (BITCNY) traded up 0.1% against the dollar during the twenty-four hour period ending at 7:00 AM E.T. on August 6th. bitCNY has a market capitalization of $4.24 million and $1.39 million worth of bitCNY was traded on exchanges in the last 24 hours. One bitCNY coin can now be bought for about $0.15 or 0.00000647 BTC on major cryptocurrency exchanges. Over the last seven days, bitCNY has traded up 0.5% against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

  • Tarality (TARAL) traded 204.2% higher against the dollar and now trades at $0.0016 or 0.00000007 BTC.
  • JUMPN (JST) traded down 54% against the dollar and now trades at $5.46 or 0.00018651 BTC.
  • Tether (USDT) traded up 0% against the dollar and now trades at $1.00 or 0.00004311 BTC.
  • The Web3 Project (WEB3) traded 0.5% lower against the dollar and now trades at $145.11 or 0.00625480 BTC.
  • Sweet SOL (SSOL) traded 600.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Bitsubishi (BITSU) traded 37.7% higher against the dollar and now trades at $98.34 or 0.00428675 BTC.
  • XRP (XRP) traded up 0% against the dollar and now trades at $0.37 or 0.00001616 BTC.
  • Wrapped Cardano (WADA) traded 1.4% higher against the dollar and now trades at $0.52 or 0.00002236 BTC.
  • Gateway Protocol (GWP) traded up 2.2% against the dollar and now trades at $3.52 or 0.00015154 BTC.
  • Lido stETH (STETH) traded down 0.6% against the dollar and now trades at $2,947.45 or 0.07417648 BTC.

bitCNY Coin Profile

bitCNY’s launch date was November 5th, 2015. bitCNY’s total supply is 28,245,600 coins. The official message board for bitCNY is bitsharestalk.org.

According to CryptoCompare, “bitCNY is a market pegged asset (MPA) issued on the Bitshares platform, these assets are known as bitassets or smartcoins. Smartcoins always have 100% or more of its value backed by BitShares (BTS), and can be redeemed for it at any time. Since the exchange rate of BTS to CNY can change, the blockchain protocol deals with increasing and decreasing supply accordingly. This allows users to trade and transfer stable priced tokens across the blockchain and to trade real world commodities like gold and silver in a decentralized manner. “

Buying and Selling bitCNY

It is usually not presently possible to purchase alternative cryptocurrencies such as bitCNY directly using US dollars. Investors seeking to acquire bitCNY should first purchase 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 purchase bitCNY using one of the exchanges listed above.

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